Business Benefits

Electronic applications, automated decisions, credit underwriting, instant approvals and B2B links are now a reality in funding systems.

Direct business advantages

  • Generate more loans and happier customers! WorldOriginate is a complete automated underwriting platform, delivering decisions to customers in less than 10 seconds.
  • Quickly allows lenders to accept electronic applications.
  • Minimises underwriting costs by reducing the time and effort required by lenders to assess and issue an approval.
  • Reduces risks inherent in building automated underwriting systems in-house.
  • Improves accuracy and quality of applications.
  • Higher application to settlement conversion.
  • A proven system lenders can be confident in. Over $20 billion of applications processed.
  • Reduces fraud possibilities via direct integration with credit reports and valuers.
  • Reliably moves assessment activity closer to the point of sale.
  • Reduces portfolio risk by applying consistent assessment guidelines.
  • Empowers lenders to provide improved customer service.

Service level & operational advantages

  • Reduces the underwriting decision from hours to seconds. It takes under 10 seconds for WorldOriginate to make a detailed assessment of a loan.
  • Increases underwriter efficiency and quality.
  • Improves service levels – underwriters have more time to contact and service customers.
  • Vast majority of loans can be processed without underwriter intervention, giving underwriters time to focus on the exceptional, higher risk applications.
  • Reduces processing bottlenecks for customers. Underwriting is now available 24/7.
  • Enables consistent underwriting. Automated workflows reduce human error.
  • Improves organisation and time management with Automated Workflow and RequirementsManagement.
  • Reduces double handling – Applications can be re-processed without lender involvement.
  • Increases flexibility - quickly change and enforce underwriting guidelines.
  • Improves communication with brokers through automated SMS and email correspondence.

Technology advantages

  • Minimal infrastructure setup costs – includes Stargate hosting, load balancing, disaster recovery, data storage, application security and escrow.
  • Integration with existing legacy/core lending systems to achieve straight-through processing.
  • LIXI support - origination and broker channels can submit applications from third party platforms.
  • Internet based for easy distribution - access from branches, states, even countries.
  • Streamlined processing though vendor integration – solicitors, valuers, title insurers, trustees.