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.
Use A Loan Origination Software For Your Bank Business
One of the best ways to streamline the loan origination process is by integrating your loan origination software with your CRM system. This can make your work easier and more efficient. CRMs can be integrated with LOS through an API. Depending on which type of bank you’re working with, you might find a LOS that supports integration with a third-party system.
In addition to CRM integration, a good loan origination software should integrate with popular tools such as accounting and project management software. This way, you can streamline processes while gaining a competitive edge. Additionally, you can integrate with third-party tools to extend your functionality. This is especially important if you plan to offer specialized loan financing solutions.
Automate All Loan Processes With A Loan Origination Software For Banks
Most loan origination software will have the capability to handle multiple products and services. For instance, a real estate financier might want a tool that can help borrowers set up a mortgage escrow account for property taxes and insurance premiums. Depending on your size and type of business, you may also need a system that can handle participation loans, which involve a lead bank and other banks.
A mortgage CRM that integrates with loan origination software is an effective way to streamline the mortgage application process. This will help you avoid potential lead leakage and setbacks in the lending process. Mortgage CRMs capture all application information and validate it. As a result, your credit team will have an easier time processing application. With an integration that allows for easy CRM updates, automated marketing based on loan updates, and connects your back-end lending system, you can set up pipeline views and automate email updates. Get started with a consultation with a loan origination software expert!
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!