Mortgage
Loan Origination
Mortgage
Loan Origination

Mortgage
Loan Origination System

In the past few years, digital mortgages have become more and more a reality.

This has been confirmed by studies that show the old-fashioned analog mortgage is too inconvenient and cumbersome for today’s customers. As we live in a digital world and we expect that we should have an easy journey for acquiring a home, along the same lines as ordering a pizza or buying goods online.

Discover
Product Details

ApPello’s solution for digital mortgages offers your customers a fully digital experience throughout the entire process, from submitting the application to the disbursement.

Updates and notifications help the customer to better understand the status of the application and provide transparency over the entire process. With ApPello’s digital mortgage platform, banks can offer their customers product recommendations and a selection tool to choose the best mortgage option for their needs.

After answering a series of simple questions (loan purpose, property type, etc.), the customer is presented with tailored options for them to choose from and continue the mortgage process independently. This helps increase the customers’ confidence and improves their experience, thus benefiting the sales process.

Once the loan application is submitted by the client, an automated engine takes over and helps with aggregating, verifying and analysing the information.

Capabilities &
Benefits

front-end for different channels - client, agent, branch

Workflow support for mortgages from acquisition to disbursement and monitoring

Built-in rules and decision engine for risk measurement

End-to-end origination process based on a single system of record

Accessible on desktop, tablet and mobile

Performance management monitoring and reporting tools

Monitoring and reporting tools for lower operational and credit risk

Shorten origination processes through the use of automation, document management and integrations

Integrated workflow engine ensures quick time-to-decision

Advanced customer experience for clients and bank users

Short time-to-market with easy configuration

Cost reduction with optimised processes

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The ApPello Loan Origination System covers the lending process from the first interaction with prospects to disbursement and the whole credit lifecycle (including waivers, prolongation, restructuring, termination and monitoring) is supported by embedded standard Camunda BPM within ApPello’s platform.

This solution unifies client onboarding, loan origination, credit workflow, risk and decision processes and any related loan administration. The modular solution has successfully been implemented in complex banking environments.

The application includes the full lending workflow with different front-ends for different application purposes. The ApPello Loan Origination System contains integrated front- and back-office systems. It can accelerate the credit application process with a seamless customer experience. The focus of development was to reduce the time-to-decision for in-house users and the time-to-money for bank clients.

End-to-End support of
the whole Mortgage Loan process

ClientRegistration

Client
Registration

Subscription

  • Register client in CRM
  • Sign up/ Sign out
  • Login & Password management
Acquisition

Acquisition

Acquisition

  • Portal for customers and agents
  • Product selection
  • Informing clients
  • Documents
Proposal

Proposal

Origination

  • Repayment plan and APR calculation
  • Covenant handling
  • Checking KO criterias
Assessment

Assessment

Scoring

  • Set up configurable scorecards (optional)
  • Limit calculation
  • Track scoring result
  • Initial repayment plan
Decisions

Decision

Decision making

  • Track decision results
  • Integration to Credit bureau, TAX database
  • Decison administration
Contracting

Contract

Contracting

  • Document checklist
  • Contract generation
  • Signature
Disbursement

Disbursement

Disbusrement

  • Configurable disbursement conditions
  • Checking conditions
Monitoring

Monitoring

Early Warning & Monitoring

  • Soft/Hard collection support
  • Early Warning option
AfterCare

After care

After care

  • Up/Cross-sales opportunities
  • Waivers
  • Prolongation
  • Restructuring
  • Termination

Mortgage LOS
Functionality

The system is supported by the following critical components to support the end to end loan processing:

  • Loan application management
  • Pre-screening of applications
  • Collateral management
  • Covenant management
  • Document management
  • Non-financial analysis
  • Dynamic questionnaires, scorecards
  • Risk based pricing
  • Monitoring
  • Restructuring
  • Prolongation
  • Termination

Simplified & user-friendly
loan application process

The digital mortgage platform offers customers an easy and friendly way of providing the required information for their mortgage application. Through integration with third-parties and data aggregators, the bank can obtain most of the information required for the loan application, thus minimising the effort on the customer’s part. In addition to the increased customer convenience, the bank benefits from lower processing costs, higher data accuracy and lower operational and fraud risk. In the event of collecting additional information, customers are presented with user-friendly forms that organise the information in small chunks and sections that are easy to fill, helping them to be in control, thus increasing the pull-through rates and encouraging progress.

Product recommendation &
personalistion engine

After providing the initial set of information, the application presents the user with details of the recommended products and it also presents additional, personalised options, in order to help the customer select the best product for their needs. This leads to increased customer satisfaction and a more efficient sales process.

Transparent & smooth
lending journey

The system helps to build seamless processes with excellent borrower experience.

  • The front-end portal handles the client and the bank communication in real-time, so making the whole origination process smoother and faster.
  • The user can fill in the required information, can provide documents to the bank, initiate a property valuation flow and send and receive messages related to their loan applications.

Decision
Engine

The Decision Engine is seamlessly integrated through its APIs to the Loan Origination System.

The engine can work for pre-screening, classical scoring, rating, limit calculation and any additional decision points. It is capable to handle an unlimited number of different decision logics, which can differ by customer segment (including sub-segments), product, product variant, etc. The models can be different by product or client sub-segments.

Business rules and decision logic with graphical visualisation can be built and customised by the Bank’s employees with relevant roles, even without deep IT knowledge. 

Managing
Collaterals

For the loan origination process it is necessary to know all existing loans and the collaterals of the client. The System allows the entry of the obligations and collateral data from the screen, as well as the importing of these data via standard APIs. Any supplementary data may also be entered for the selected collateral.

Managing
Covenenats

Different (financial/non-financial) conditions are handled by the system. Covenants can be connected to loans, partners and workflows while every covenant belongs to a covenant type.

Based on the covenant definitions the system automatically generates the proper covenants for the loan origination process. However the users with proper roles can also add unique covenants during the process.

Documents &
Contracts

The solution is integrated to a document management module for both generating and storing documents.

It handles any type of contracts. The contracts are generated automatically, it collects all relevant information to fill in every detail. Technically it is generated with the help of MS Word templates with macros.

Document management tools help to generate various documents based on templates and then auto-fills them with all relevant and available data in the system. This is a highly useful and time-saving tool in the loan origination process, used for preparing all of the paperwork needed in the process (loan proposals, contracts, notifications, statements, etc.). Digital signature supports the verification of contracts and agreements.

Built-in Excel spreadsheet
for efficient operations

ApPello provides unique feature of built-in excel component to help the work of the User, such as editing Excel forms in offline mode and create templates. If calculation logic is maintained in an Excel sheet, users doesn’t have to perform the calculations in an excel, and then fill the result in the system manually. With the help of integrated excel spreadsheets, calculation can be done in the system directly, therefore making it easier to calculate and maintain business calculations. Apart from business calculations the system’s business parameters can also be managed using excel.

Configuration
over customization

ApPello Loan Origination System allows power users to flexibly manage and customize all lending related workflows for their full lifecycle. Any number of workflow types can be defined using the inbuilt editor interfaces. Different workflows can be created using different workflow steps by bank users without ApPello or IT team. The precondition and doneness criteria for all these workflows are also easily parameterizable. Depending on the actual parameters parallel tasks can be defined with the same or different assignees that can be performed in any given order.

Other Configuration opportunities:
  • Screen design
  • Dynamic fields
  • Additional business rules


100% API covered solution:
  • All business feature
  • Data manipulation

Business
Configuration

Apart from business calculations the system’s business parameters can also be managed using excel. System provides Excel import functions (10+) to maintain standard parameter rulesets in excel that can be audited and verified.

Most frequently used catalogues are as below:

  • Product catalogue
  • Collateral catalogue
  • Covenant catalogue
  • Document type catalogue
  • Workflow step catalogue

Additional
features

Customizable dashboards, 360 Degree client- & history-overview supports decision making by displaying the most relevant information at a glance. As emails play an important role in SME and corporate lending process, ApPello offers an MS Outlook plugin. With this you can save your emails, and their attachment directly to clients, loans, or workflows with one click straight from your email client.

Related
Products

You might also be interested in our other lending solutions

 

helps financial institutes to attract, onboard and retain your customers in an ever-changing business environment while increasing operational efficiency.

Speed up and automate your decisions! It is a segment and product-independent solution that can handle various business-related decisions in a centralised platform, even the complex ones.

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Download
the Brochure

Please fill in the following form and you will be able to download or read the brochure in your browser.