Electronic applications, automated decisions, credit underwriting, instant approvals and B2B links are now a reality in funding systems.
WorldOriginate is Australia's best loan origination system. With features and benefits the competition can't match, explore the advantages WorldOriginate can deliver your business...
Fast
- Automated credit decisions returned within seconds. Approvals, Referrals, Request for more information and Declines.
- Faster loan status communication, using automated emails/SMS communication to business partners.
- Automated loan status updates inform partners fast and reduce sales support calls.
- LIXI compatible software speeds back channel messaging.
- Rapid generation of loan documents, which can be automatically sent to brokers and business partners in secure PDF format.
- Immediate access to reporting: print, save to file, fax, email, batch or real-time.
Flexible
- Supports multiple credit types; standard/full doc, low-doc/no-doc, line of credit/Non-resident, commercial, personal loans.
- Create and manage loan special conditions. Insert file notes, comments or questions against a loan.
- Comprehensive filtering for application searching.
- Full audit history for each loan - who touched it and when.
- Full history of all credit decisions performed on an application.
- Enables consistent underwriting. Automated workflows reduce human error.
- Add an unlimited number of borrowers, assets, liabilities or income sources to a loan.
- Private labelling allowing Mortgage Managers to give the system their own look and feel.
- Increases flexibility - quickly change and enforce underwriting guidelines.
- Supports hierarchy structures - Group to Group, including Branches with corresponding user permissions.
Simple
- Easy to use and understand data entry screens.
- Consolidated views of milestone tracking and workflow management.
- ‘Missing data’ checks for each application automates workflow.
- Field validation for each page of the application simplifies processing.
- Integrated mortgage calculators and simulators allow easy product evaluation.
- Online help documentation with search functionality.
- Application archive functionality for simple program organisation.
- Internet connectivity allows for easy distribution and remote access.
- No system or data security maintenance required.
- Latest security mechanisms for encryption and easy to implement multi-level authorisation.
Integrated
- Integrated link with Baycorp Advantage Ltd for credit reporting.
- Integrated links with Genworth Financial and PMI Mortgage Insurance Ltd
- Integration with SmartVal for streamlined valuation processing.
- Integration capabilities with lender’s existing backend/legacy systems.
- Integration capabilities with 3rd party broker groups using LIXI.
- Integration capabilities with third party vendors – title insurers and solicitors.
- Integrated valuation ordering.
