BBFCLOUD LOAN MODULE
End-to-end support for loan processes. identification of customers needs, loan simulation, capturing an application, making a loan decision, signing an agreement and disbursing the funds.
The underwriting process - configurable underwriting algorithms take into account the affordability assessment, CRA scoring/rating and results of its verification in different databases and more.
Customer is kept informed every step of the way, while the back office manages the application via a simple to follow web-interface.
The module records the entire history of the underwriting process, providing data and an audit trail to management and staff.