Booking Service for onboarding: Harmonizing noisy lending processes through orchestration
Using open APIs, our Booking Service module integrates easily with your chosen loan origination system. The result is a seamless, straight‑though user experience for both financial institutions and borrowers. For lenders, this creates a single point of entry for automated onboarding, from simple high‑volume bilateral loans to complex syndications.
When the non-linear lending process are out of tune and out of time, clients’ applications are passed back and forward between relationship managers, analysts, risk managers and other players throughout a set of inefficient processes. The result is noise. But when those processes and players are integrated and harmonized, the lending experience becomes transparent, efficient and automated. This is the best possible experience for the end-user and can now be achieved with Booking Service. Developed with simple workflow management at its core, the Booking Service module makes it possible to easily create, enrich and track onboarding in Loan IQ. For lenders, this creates a single point of entry for automated onboarding, from simple high‑volume bilateral loans to complex syndications.
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