About Megasys
We provide customizable software platforms for finance companies of every size, from startup businesses to major corporations. Our clients service 2 million active accounts and have processed over 1 million applications, with $8 billion in transactions.
Streamline The Entire Process On An Auto Loan Origination System
A modern automated loan origination system helps banks streamline the loan application process and improve credit risk management. This tool helps banks automatically extract data from various sources, including income-tax returns, accounting software, and other documents. It also helps credit analysts create accurate financial scores. This process can result in an improved loan portfolio and increased customer satisfaction.
Automating the loan application process will help banks increase efficiency and reduce cost per loan. It will also improve customer experience and improve ROI by streamlining the workflow process. Today, 75% of customers engage with banks via digital channels. Meanwhile, branch footfall is decreasing by 15 percent year on year. This means mobile banking is even more important than ever.
Give Your System An Upgrade With An Automated Loan Origination System
Automated loan origination software improves governance and data integrity. By eliminating manual paperwork, banks can ensure the accuracy of information. The software also allows SMEs to check the status of their loan application online. This improves transparency and efficiency, and makes it easier for both parties to comply with regulations.
Automated loan origination systems are vital for a bank’s digital lending strategy. They combine customer information with business processes to streamline the loan application process. With automated loan origination systems, banks can achieve faster loan approvals than ever. This is especially important for smaller community banks, which have been slow to adopt the technology.
A loan origination software solution can provide many benefits for banks, including loan approval and tracking, as well as accounting and reporting capabilities. It also has the capacity to generate invoices for loans delivered and payments received, among other features. Some loan origination software also integrates with third-party tools to provide even more functionality. Learn more about auto loan origination systems and how they benefit the finance industry.
INDUSTRY SOLUTIONS
The Omega system works well with many industries. If your business type is not listed, please contact us to inquire about how Omega may work for your specific needs!
Testimonials
I am very happy to have made the move to Megasys. It has simplified my everyday routine. Being able to take care of everything from one software has made working a breeze. I love being able to just pull up my laptop and make sure that everything is running smoothly. Being able to manage my finances, post payments, run reports, track the vehicles, all from 1 place it just couldn’t get any easier than that.
The entire support team has been very responsive to our questions as a new Omega user. The loan servicing functionality is easy to use, which is the most crucial piece of our business.
During the past 17 years, both our bank auditors and state auditors have been impressed with the amount of data, which have made all the audits easy to manage.
If you are currently using some type of packaged software during your day to day business and are looking for an upgrade to that software, Megasys is the way to go. Megasys has provided us with a valuable tool for our company’s needs and has streamlined our business model.
Steve Pittler
President, Friendly Finance Corp.
Take a chance on it and you won’t be disappointed, we searched for a long time to find the right system. Megasys was like jumping 20 years from our previous system.
Megasys provides excellent service and the support team is easy to reach out to. The system is very complete and reliable!
Our conversion to Megasys was overall seamless, the installation team was always there to help with any issues we had. Overall, we are happy with choosing Megasys as our software provider.
Michelle Kerzic
Office Manager, Thrift Investment
The ability to easily add integrations is fabulous! The staff at Megasys are awesome!
Very professional staff and great customer service, they patiently answered all the questions we had. They exceeded all of our expectations.