FinLUNA helps bank in providing Loan originating system with excellent support in creation of flawless documentation and to deliver prompt and effective service to its customers. It caters to both retail and commercial lending scenario and automates all stages of loan origination, management and repayment tracking. Document Management is facilitated with a provision to scan documents and attach them to individual application. It is a flexible web-based system that has the capability of supporting multiple products over a network of various branches and associates of the lending institutions.
Lending is process heavy with many manual processes. Lenders may have to deal with 40 unique documents that span up to 300 pages and data re- entry leads to data duplication, increased error rates, and compliance issues.
FinLUNA is a robust, scalable, comprehensive product which results in increased operational efficiency and strong loan management processes. It makes the data meaningful through user-defined flexible reports and analysis. It ensures controls over transaction and data integrity, operational efficiency, risk management and compliance.