Loan Origination

Fenergo’s automated Financial Analysis and Spreading feature helps financial institutions to analyze and categorize client’s finances into a centralized, consumable statement of position, while eliminating the need for manual data entry and reducing errors. Leveraging this capability, which is supplemented by integration to data vendors, ensures data integrity and accelerates the loan approval process.

Fenergo’s Credit Screening provides an automated, comprehensive and accurate evaluation of potential borrowers. Make informed lending decisions with access to extensive consolidated credit data, which is fully orchestrated in a user-friendly interface and supported by integration to market leading providers.

Our automated and centralized serviceability and decisioning process helps financial institutions assess the creditworthiness of potential borrowers. The solution provides a real-time comprehensive view of clients, including a deeper level of insight to make fast and informed lending decisions.
Fenergo supports multiple risk models and users can trust that the correct financial crime risk model is called at the correct point-in-time thanks to dynamic risk scoping rules, as defined by the business.

Financial institutions can document, trace and manage collateral as part of a secured credit facility, enabling quick determination of the value and condition of the collateral. Fenergo Loan Origination simplifies the process of tracking and managing collateral during the lifecycle of the loan, ensuring that information is kept up-to-date, thereby providing enhanced visibility of the secured loan book.

Fenergo’s deal management feature empowers financial institutions to streamline the loan origination process through digitalization, providing a centralized repository for all loan information. State-of-the-art data management capabilities allow you to capture complex deal structures and orchestrate supporting processes efficiently and intuitively, offering real-time visibility into the status of deals and their regulatory standing.

Loan origination is the process by which a financial institution evaluates a borrower's creditworthiness, assesses the risk associated with the loan and decides whether to approve the loan application.

There are various technology solutions available to help with loan origination and credit scoring and assessment tools. Fenergo offers an integrated Loan Origination solution that streamlines the Loan Origination process through to fulfilment. Fenergo’s solution can be stood up as a standalone solution or purchased with their wider Client Lifecycle Management capabilities.

The loan origination process can vary in length depending on the financial institution and the type of loan. Some financial institutions may be able to process loan applications quickly, while others may take several weeks to complete the process. Typically, the more manual or siloed the Loan Origination process is, the longer it will take. Adding automation to the Loan Origination process has been proven to speed up processing times.

Financial institutions consider a variety of factors when evaluating loan applications, including the borrower's credit score, debt-to-income ratio, employment history, income/revenue and the purpose of the loan. They also consider the collateral offered to secure the loan, if any, and the borrower's overall financial situation.

Financial institutions can reduce risk during loan origination by conducting thorough credit assessments, verifying the borrower's financial status, obtaining collateral to secure the loan and using technology tools and solutions to automate the Loan Origination process, assessing and mitigate risk.