OnBoard Loans – Compliance-driven retail and commercial lending

It works like this …

The OnBoard Loans lending solution streamlines retail and commercial loan origination by automating manual processes. This compliance-driven system uses dynamic documents for all 51 jurisdictions, which are updated via Internet downloads and are produced based on applicable regulatory requirements, loan type, and transaction-specific information. OnBoard Loans integrates with a variety of forms vendors’ dynamic technologies and supports a wide variety of lending transactions including consumer secured and unsecured, consumer real estate, home equity lines, construction, and commercial. With OnBoard, bankers can efficiently originate new loans from start to finish and more rapidly respond to customer and account inquiries.

Automate workflow …

OnBoard Loans’ advanced design reduces errors by propagating data when possible and by providing field-level edit checks to validate data entry. Users can choose the order in which to enter information, or the system can automatically direct them through the process. It regulates progress using checkpoints and status updates so users cannot proceed from one step to another until all required information is obtained. This cutting-edge lending solution automates loan origination, application tracking, underwriting, online needs analysis, credit bureau checks, document preparation, and loan closing and booking.

Do less housekeeping …

This fully integrated system’s single-input process is significantly less labor intensive than stand-alone systems. When a new loan is originated for an existing customer, OnBoard Loans pulls the customer information from the core database, assigns an account number, interfaces with credit bureau reporting, obtains credit scoring, and identifies other documents that are required. New loans, refinanced loans, modifications, and renewals can be added to the core system online for immediate inquiry and memo posting, all without cumbersome file transfers or batch processing delays.

Take advantage of full integration …

OnBoard Loans is fully integrated with the SilverLake System and CIF 20/20 core processing platforms and uses the parameter files from these systems to define default values and collateral codes, validate fields, support call report generation, and more.

OnBoard Loans is another innovative retail delivery solution that enables banks to aggressively compete, enhances the customer experience, and expands customer relationships at all points of contact.