Does your loan partnership program lack scalability due to inefficient manual processes and a lack of visibility?
- Exchanging spreadsheets, pdfs and zip files for manual processing is inefficient
- Keying/re-keying slows the process and creates room for error
- Data is siloed and must be aggregated and understood
- Struggling with a lack of visibility and controls over the end to end process
- Quality control and compliance are an afterthought
“We can process more than 10 times the amount of loans with fewer staff members."
- Credit Union CIO
Automate quality control
Understand loan performance
Scale without increasing risk or resources
FINBOA Loan Onboarding Solution
FINBOA's Loan Acquisition Onboarding solution helps banks and credit unions scale their loan partnership programs, drive growth and reduce risk through using analytics and workflow automations.
- Members and loans are analyzed and digitally opened in the Core
- Documents are uploaded directly into the Core's document management system
- Membership and credit criteria are easily reviewed before accepting the loan acquisition from your fintech partners
- Monitor performance and create risk review criteria to ensure unwanted loans and data errors do not impact the lending program's success
- View, analyze and report on the loan program with easy to use dashboards
Easy onboarding of third-party originated loans
Easy implementation (core integration)
Automated funding for timely accounting and reconciliation
Dashboard for all loans
Centralized data for faster review
Automated credit score check, debt-to-income check
Identify exceptions automatically and manage efficiently
No touch workflows for most loans
Centralized control and visibility
Ensures compliance with credit risk profile
Breeze through audits
Analytics and Automations
Workflows and Routing
Automatically Identify Missing Documents and Data
Automatically Identify Exceptions (DTI, Loan Value, Others)
Random Sampling Quality Checks
Request a demo
I'm ready to experience easy loan growth.
Schedule a no-obligation personalized demo with a member of the FINBOA team.