Automate Your Consumer Loan Originations & Processing

Consumer lending is an integral part of almost every financial institution, yet many lenders today use antiquated, manual processes to manage their consumer loan operations. The lenders moving ahead of the curve are those that are able to realize the benefits of automation to reduce costs, manage risk, improve customer experience, and complete more loan transactions in less time.

The Product Offering

Consumer Loan Origination Studio (LOS) provides comprehensive product setup, pricing scenarios and lending processes for home equity, titled vehicle, personal property, secured and unsecured loan transactions. Credit insurance calculations are also supported for major insurance carriers in all U.S. jurisdictions.

The Consumer LOS is deployed on Metavante's proven technology architecture, making the system highly scalable and very reliable. In addition, the web-enabled solution provides for rapid implementation as computers in any branch or remote office will be able to access the system without the need for software downloads or time-consuming upgrades.

The Benefit for Lending Institutions

The Consumer LOS is designed to speed up, streamline and automate loan origination and processing tasks that are currently being done manually, and at high cost, in the bank branches and back offices of lending institutions. Reducing the overall costs and time to originate each loan is the primary key to driving long-term growth to your bottom line.

A Fully Integrated Solution

Consumer LOS is designed to streamline your consumer loan processing by integrating customer relationship data from your core banking systems with additional data from external sources, such as credit bureaus. Your basic credit policy and business rules are incorporated into the system and are applied automatically for consistent, fast and accurate decisioning of your customer applications. You control the rules, and your loan officers have the ability to override, while you have the information to know how often exceptions are made and who is making them.

Take an application, make your decisions, create your documents and book the loan, all from the same system, quickly, easily and efficiently. Extend the reach of you lending operations by giving your staff access to this powerful tool.

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Loan Products Supported

• Home Equity, Loans & Lines
• Direct Auto Loans
• Recreational Vehicles
• Boats
• RVs
• Motor Sports
• Savings Secured Loans
• Stock/Bond Secured Loans
• Unsecured, Loans & Lines

Consumer LOS Benefits

• Reduce loan origination & processing costs
• Increase loan pull-through rates
• Provide a better customer experience
• Increase profitability