Veefin's Loan Origination System (LOS) is a comprehensive, white-labeled platform designed to automate and streamline the entire credit origination and decisioning process for lending businesses. It aims to eliminate human errors and significantly reduce inaccuracies by harnessing extensive integrations, AI-powered credit scoring, and robust data accessibility. This intelligent platform supports a wide spectrum of lending operations, including retail, corporate, gold, vehicle, commercial, unsecured, mortgage, term, SME, secured, and personal loans, as well as overdraft facilities. Built to enterprise-level security standards, the LOS offers rapid deployment, enabling financial institutions to launch highly automated, multi-facility systems in weeks. It provides the agility and capabilities necessary to meet the dynamic demands of the financial industry, ensuring efficient management and processing of loan applications from start to finish. The system's flexibility allows business teams to customize customer journeys, optimizing costs and minimizing drop-offs.

Features & Benefits

• Automated Credit Origination & Decisioning
  • An automated system that harnesses extensive integrations, AI-powered credit scoring, and robust data accessibility to significantly reduce inaccuracies and streamline the credit process.
• Scorecard Builder
  • Veefin’s Business Rule Engine enables enterprises to effortlessly create and embed customized scorecards within customer journeys across various product groups.
• Deviation Automation
  • Streamlines the assignment and management of deviations through the platform by configuring predefined rules for automated processes.
• Automated Document Generator
  • Automates documents across the loan life cycle, such as sanction letters, disbursement letters, and Credit Appraisal Memos, ensuring accuracy, consistency, and efficiency.
• Omnichannel Access
  • Empowers borrowers with a user-friendly and accessible platform across multiple channels, enhancing their convenience and engagement.
• Automated & Improved Credit Decision-making
  • Encodes basic eligibility checks in workflows and automates communication flows between internal users, improving decision speed and accuracy.
• Reduced Turnaround Time (TAT)
  • Monitors turnaround time for various activities and digital processes with real-time validations of data, fields, and logical decisioning.
• Flexibility
  • Empowers business teams to initiate customer-specific journeys, modify, add, or remove specific fields or components, and adjust their positions with ease, cutting costs and minimizing customer drop-offs.
• Mobility
  • Powers mobile apps/tablets for Field Sales/Collection Executives (DSA/DST) and customer origination, enhancing outreach and convenience.
• Streamlined Document Management
  • Allows borrowers to easily upload and manage required documents electronically, eliminating paper and significantly reducing loan application processing time.
• Regulatory Compliance Automation
  • Provides pre-built automation to ensure financial institutions adhere to all applicable laws and regulations, reducing the risk of regulatory fines and penalties.
• Integration Gateway
  • An integration-friendly system featuring a marketplace of vast pre-built connectors across a variety of data sources.
  • ECDD and e-KYC
  • Credit Bureaus
  • Digital Signature
  • Dedupe
  • Fraud/AML - partner names Payment Gateway
  • Bank Statement Analyzer
  • Social Media Platforms
  • OCRs for Tax, Income, and Identity documents