Loan Origination and Servicing Software Development

Custom Loan Origination and Servicing Software

Loan servicing and origination software must be robust, containing a comprehensive and diverse set of capabilities. It needs to handle everything from underwriting and origination, to disbursement, servicing, and amortization for maximized efficiency.

Loan Servicing and
Management Systems

Chetu creates custom loan servicing systems, and Loan Management Systems (LMS) for banks, credit unions, and financial institutions. These systems contain robust features for loan origination, underwriting, amortization, processing, and disbursement. We also track various loan types including personal, business, student, mortgage, car, installment, payday, and cash advance.

Loan Origination
Systems

We program Loan Origination Systems (LOS), including modules for online loan applications, underwriting, credit pull, decision support, conditions tracking, and more. We develop loan document management applications with upload, parsing, data extraction, document storage, and document preparation features, integrated with compliance management modules.

Loan Decision Support
Software

We engineer Decision Support Systems (DSS), integrated with background check and credit reporting bureaus (Experian, TransUnion & Equifax). These systems contain customizable rule-based engines for risk assessment, using third parties such as Data X, Microbilt, Clarity, and DecisionLogic.

Loan Amortization Calculation
Software

We program multiple loan rates, including fixed, variable, step-rate, credit lines, multi-draw, Adjustable Rate Mortgage (ARM), interest-only mortgage, term, commitment, and non-revolving. We also support multiple interest calculations, including simple, compound, regular periodic, actual days, and the Rule of 78s.

Custom Loan Servicing Portals

We program loan acquisition portal software, integrated with CRM platforms, for accurate data capture, pipeline management, and account aggregation. We code self-service customer portals for document management, statement and balance viewing, payment processing, and payoff calculating. We also develop borrower and creditor dashboards for managing multi-lender and syndicated loans, co-borrowing, multiple loan officers, and Metro 2 credit reporting.

Loan Settlement Software Platforms

Chetu's expert programmers create debt payment and settlement platforms that feature automated billing and auto debit. These platforms support Automated Clearing House (ACH) and Electronic Funds Transfer (EFT) payments, credit cards, bank accounts, electronic wallets, and other payment types. We provide the best loan processing and disbursement software solutions by leveraging third-party vendors like BlastPay and AutoPal.

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