Ambit Loan Origination
Retail customers have become more demanding and have very high service expectations. Many banks are not able to provide the desired service levels due to the manual nature of their lending processes. The time-consuming and error-prone manual processes lead to inefficiencies, audit and compliance issues, and an inferior level of customer service. Furthermore, banks are unable to compete effectively due to the considerable time, effort and resources needed to launch new credit products.
SunGard can help. SunGard’s Ambit Loan Origination provides high levels of automation throughout the loan origination cycle to improve efficiency, productivity and reduce costs. In addition, the solution provides a high level of accountability with an accurate audit trail of ‘who did what and when’. Dynamic loan origination workflows help to automatically distribute work across the enterprise, reduce errors and manual intervention, which can delay the processing of loan applications. These business rules can be quickly adapted to meet new requirements and bring new products to market with minimized IT costs.
Features
- Provides the ability to design dynamic loan origination workflows with SunGard’s Infinity Process Platform to support the entire origination lifecycle
- Business activity monitoring (BAM) natively tracks and reports on potential problem spots and bottlenecks across the workflow processes
- Accurate audit trail of ‘who did what and when’
- Comprehensive embedded functionality and features including dynamic loan document creation, scorecard, and pricing engine.
- Ability to integrate to other applications required during the application process such as those providing valuations, credit checks and insurance quotes
Benefits
- Through the automation of loan origination workflows and decision-making, the organization can ensure consistency, reduce errors and manual processing whilst driving down processing costs
- Inefficiencies and bottlenecks are eliminated with BAM
- Eliminate audit and compliance issues
- Greater automation and faster processing time with rich embedded functionality and features
- Reduces the requirement for manual intervention when dealing with third parties