Custom loan servicing & Loan Management Systems (LMS) for banks, credit unions, and financial institutions with robust features for loan origination, underwriting, amortization, processing, disbursement, and tracking of various loan types including personal, business, student, mortgage, car, installment, payday, and cash advance.
Programming of Loan Origination Systems (LOS) including modules for online loan applications, underwriting, credit pull, decision support, conditions tracking, and more. Development of loan document management applications with upload, parsing, data extraction, document storage, and document preparation features integrated to compliance management modules.
We engineer Decision Support Systems (DSS) integrated to background check and credit reporting bureaus (Experian, TransUnion & Equifax) with customizable rule-based engines for risk assessment using third parties including Data X, Microbilt, Clarity, and DecisionLogic.
We program support for multiple loan rates including fixed, variable, step-rate, credit lines, multi-draw, Adjustable-Rate-Mortgage (ARM), interest-only mortgage, term, commitment, non-revolving, and more with multiple interest calculations including simple, compound, regular periodic, actual days, plus Rule of 78s (Add-on and Simple).
We program loan acquisition portals integrated to customized CRM platforms for accurate data capture, pipeline management, and account aggregation. Coding of secure self-service customer portals for document uploading, viewing statements, payment processing, payoff calculations, balances, and more. Development of borrower / creditor dashboards for managing multi-lender and syndicated loans, co-borrowing, multiple loan officers, and Metro 2 credit reporting.
We program debt payment and settlement platforms for automated billing, auto debit, support for Automated Clearing House (ACH) & Electronic Funds Transfer (EFT) payments, credit cards, bank accounts, electronic wallets plus other payment types. We provide loan processing and disbursement software solutions by leveraging third-party vendors like BlastPay and AutoPal.
Chetu's Loan software development experts helps your software comply with fair lending standards including the Truth in Lending Act (TILA) and the Fair Credit Reporting Act (FCRA).