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Loan Origination

Formerly the Akcelerant Framework loan origination solution

The Loan Origination module is an innovative application for both direct and indirect lending that has raised the bar in automated solutions. With powerful decisioning, highly customizable applications, dynamic features, and extensive third-party integrations, financial institutions can deliver instant, automated decisions to applicants from any origination channel.

 


Summary

Modeling

  • Increase the number of loans decisioned automatically, based on your institution’s policies and tolerances, through business rules and matrices.
  • Customize the loan origination platform to support your product offerings using multiple models.
  • Create rules and matrices with breakthrough ease using the simple, intuitive Business Language Editor and data from the application, credit reports, collateral, ratios and aggregates.
  • Build risk, price, and decision models using rules and matrices.
  • Easily create custom ratios and aggregates from the system provided standards.

Design and workflow

  • Easily create application designs to match your loan origination workflow per product.
  • Control data access using roles and authorization overrides.
  • Secure data by limiting changes by role and status on the application.
  • Include workflow steps that present data entry screens designed to include your desired fields.
  • Include automated system process steps to retrieve credit reports, execute models, generate documents and more.
  • Execute business rules to validate data entry and procedures, add stipulations, offer cross-sell products, assign applications to a queue and more.
  • Easily navigate through workflow using step-by-step processing with Next/Prev buttons or locate a specific step using the Navigation panel.

Interest rate management

  • Easily update rates using a Base Index Rate Table, and schedule future rate changes to eliminate off-hour updates.
  • Create a custom rate table to manage all rates individually, if needed, for a competitive market place.

Queuing

  • Easily design queues and groups of queues to match your loan origination procedures whether centralized or distributed.
  • Automatically generate email notifications for queuing assignment or if an application exceeds processing time thresholds.
  • Generate custom notifications automatically to borrowers.

Credit bureau report processing

  • Automatically use credit report data for risk, price and decision model rules and matrices. Use recent reports on file to save you money. Automatically retrieve credit reports using Equifax, Experian, and/or TransUnion.
  • Access tri-merged reports using a common view of the data for ease in creating business rules and matrices that are bureau independent.
  • Adjust trade lines using business rules and automatically calculate missing payments.
  • Decision and report on any information available in the credit report.

Integration

  • Leveraging integration with best-of-breed providers, Temenos connects key services with innovative software, creating the optimal work environment.

Cross-selling

  • Integrate the cross-selling platform to deliver specific offers to qualified applicants in order to avoid impersonal blanket offers and recommendations.
  • Automatically email referrals to other departments within the financial institution.
  • Create cross-sell scripts to provide a consistent message and improve sales revenue.
  • Increase income from debt protection plans by providing multiple plan comparisons that can either extend the term or increase the payment.

Document processing

  • Automatically print forms needed for the application using integrated intelligent document processing.
  • Provide applicants with anytime, anywhere 24/7 signature capabilities: Electronically sign documents at any branch using a signature pad which captures the signature and securely embeds it into the document. Securely email documents to applicants via an encrypted transmission and receive back digitally certified documents using authentication that verifies the identity of the applicants with “knowledge-based questions”.
  • Automatically index and archive documents to your optical system.

Reporting and analytics

  • Create individualized dashboards to gain a 360° view of your institution’s processes, from origination through collections, all on one dashboard.
  • Access all of the data in the system using business friendly terms.
  • Easily create customized reports using the Report Writer.
  • Access real-time reports quickly and easily using dashboard or reporting functionality.
  • Schedule regular reports to be executed and automatically distributed by email to the appropriate staff.
  • Microsoft® SQL Server Reporting Services integration provides flexible reporting options, such as Microsoft® Excel®, HTML, XML, PDF, and more.

 

Connectors

 Connector

 Description

 Type

Resources

 

Allied iQQ

Allied Solutions - This connector provides access to Allied's cutting edge online quoting software, Internet QuickQuote (iQQ), to present the cross-sell GAP and MBP options.

Insurance

Datasheet

ApplicationXtender

MetaSource – This connector allows documents attached to a loan application to be archived and stored with ApplicationXtender.

Document Management

 

Car Solutions

Car Solutions - The Car Solutions connector provides financial institutions with the ability to present and cross-sell GAP and MBP products directly through the loan origination solution.

Insurance

Datasheet

Credit Reporting

Luxor Technologies, Inc. – This connector retrieves and stores credit report information from Experian, Equifax and/or TransUnion through a third-party credit reporting service.

Credit Reporting

 

CUDL

CUDL – This connector allows dealer applications submitted through Credit Union Direct Lending (CUDL) to be seamlessly transmitted to/from the system for evaluation.

Indirect Lending

Datasheet

CUNA LOANLINER Documents

CUNA Mutual Group – This connector provides the ability to generate lending forms through CUNA’s LOANLINER forms package using data readily available on the loan application. These documents are displayed in PDF format and can be accessed in the system.

Forms

 

CUNA Protection Advisor

CUNA Mutual Group – This connector is an integrated web calculator that supports real-time GAP and MBC quoting from within the loan origination solution.

Insurance

Datasheet 

Dealertrack

Dealertrack – This connector allows dealer applications submitted through Dealertrack to be seamlessly transmitted to/from the system for evaluation.

Indirect Lending

Datasheet

DocuSign

DocuSign – This connector makes electronic signature easier with direct integration to our loan origination solution.

Document Management

Datasheet

Equifax

Luxor Technologies, Inc. – This connector retrieves and stores credit report information from Equifax.

Credit Reporting

 

Experian

Luxor Technologies, Inc. – This connector retrieves and stores credit report information from Experian.

Credit Reporting

 

Experian Precise ID

Experian – This connector provides the ability to interface with Experian’s Precise ID and Knowledge IQ products for identity checks and fraud verification based on pre-defined business logic.

Fraud Detection

 

FIS BASE2000

FIS – This connector provides a database extract which complies with the standards required by FIS/Certegy. When a credit card is disbursed, it is automatically included in the next extract run and sent via a secure connection for card creation.

Data Extracts

Datasheet

FIS ChexSystems

FIS – This connector provides resources to verify applicants through the use of the ID Verification (IDV) and ID Authentication (IDA) products. Additionally, a QualiFile product is available which provides customer scoring and risk segmentation during the account origination process.

Fraud Detection

 

FIS TBS

FIS – This connector allows credit card fulfillment requests and updates information to be easily transferred daily, in a batch format, from the system to TBS.

Data Extracts

Datasheet 

Frost Financial

Frost Financial- this new connector fully integrates Frost Financial's VisualGAP web services interface to enable the ability to seamlessly present the protection products offered during the loan application process.

Indirect Lending

 

HMDA

HMDA – This connector enables institutions to extract data in a format that is compliant for input into the government HMDA reporting system.

Data Extracts

 

HYLS

HYLS - This new integration calculates a high yield lending strategy (HYLS) score for each applicant on an application based off of a series of questions and answers regarding applicant data.

Decisioning

Datasheet

IMM

IMM – This connector offers users improved productivity by automating the processes between the host system and document storage, as well as providing ancillary products for e-signatures, secure email and fax delivery and storage, and integration into archive systems.

Document Management

 

IMM eSign Remote

IMM eSign Remote – This connector makes electronic signature easier with direct integration to our loan origination solution through IMM eSign.

Document Management

Datasheet

Kelley Blue Book

Kelley Blue Book – This connector allows financial institutions to valuate vehicles based on retail, trade-in and wholesale prices, and automatically track those values within the system.

Auto Book Value

 

Lenders Protection

Open Lending – Lenders Protection by Open Lending is a risk management program featuring default insurance coverage for near/non-prime automobile loans. Lenders Protection allows financial institutions and other automobile lenders to model their specific overhead and funding costs and set desired ROA target for their insured portfolio. The result is a profitable auto loan portfolio with carefully managed pricing and risk characteristics.

Insurance

Datasheet

LSI

Lending Solutions Inc – This connector allows applications submitted through Lending Solutions to be transmitted via a secure channel to the system for evaluation. 

Indirect Lending

 

NADA

NADA – This connector allows users to input vehicle specifications and receive book value information in real-time.

Auto Book Value 

Datasheet

OFAC

Luxor Technologies, Inc. – This connector provides integration with OFAC Scope scanning products from Luxor Technologies, Inc. With this tool, financial institutions can ensure their account holders are free of fraudulent links to illegal activities tracked by the US and international governments.

Fraud Detection

 

PSCU

PSCU – This connector enables institutions to access additional credit card information for accounts. Users can choose from PSCU’s standard option or their Data eXchange, which offers real-time information.

Third-Party Credit Cards

Datasheet

PSCU Lending

PSCU – For those institutions contracting with FDR, this connector provides a database extract which complies with the standards required by FDR. When a credit card is disbursed, it is automatically included in the next extract run and sent via a secure connection to FDR for card creation.

Data Extracts 

Datasheet

RouteOne

RouteOne – The connector allows dealer applications submitted through RouteOne to be seamlessly transmitted to/from the system for evaluation.

Indirect Lending

Datasheet

SWBC Unity

SWBC – This connector allows financial institutions to quote, book, and process documents for debt protection, GAP, and Mechanical Breakdown Insurance from SWBC within the system.

Insurance

Datasheet

Systemware

Systemware – This connector provides institutions with the ability to electronically archive loan documents into an intuitive folder structure.

Document Management

 

TMG

The Members Group – This connector provides a database extract which complies with the standards required by FDR. When a credit card is disbursed, it is automatically included in the next extract run and sent via a secure connection to FDR for card creation.

Data Extracts

 

TransUnion 

Luxor Technologies, Inc. – This connector retrieves and stores credit report information from TransUnion.

Credit Reporting

 

uOpen

D+H – This connector establishes a secure connection between the system and the uOpen platform which encompasses all of D+H’s integration products. These products enable indirect sources to transmit and receive loan application data with financial institutions. 

Data Extracts

 

Interfaces

The Loan Origination module currently interfaces to the companies listed below. In addition, Temenos can work with other companies upon request. Please contact us for additional information.

 

Corelation

Fiserv

Jack Henry

Finastra

  • KeyStone
  • Datasafe
  • DNA
  • XP2 (2016)
  • Symitar Epysis
  • UltraData (2016)

Infographic

Click below to see the behind the scenes process of how this solution automatically originates a new loan product in less than five minutes! Our system does all the work - all you have to do is congratulate your account holder on their new loan!

 

INFOGRAPHIC