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Blooma: Innovating the Commercial Lending Experience

Top 10 Lending Management Solution Companies - 2020

In today’s transforming financial landscape, lenders are on a quest for a modern, technologically superior loan management system that automates key processes. The need of the hour is for systems which are scalable, fast, flexible, and agile while being cost-efficient to manage the loan lifecycle end-to-end from origination to servicing and from processing to collections. The functions of lending management solutions include loan refinancing, restructuring, disbursement, credit scoring, and account processing. And since lending solutions automate the loan portfolio lifecycle, typically through electronic software, this eliminates the need for a paper workflow. At the same time, this minimizes manual error when tracking and reconciling loans across enterprises and stockholders.

To overcome multiple-platform clunky and disparate systems, more and more financial lending institutions are set to adopt a centralized platform approach to effectively accommodate all facets of the lending exercise, including the lending team and the borrowers. Today, lenders are focused on offering an intuitive lending experience to the borrowers to streamline the process of loan disbursal and compete in a rapidly evolving marketplace. They are also adopting new technology partnerships and collaborations for efficient lending lifestyle management. In the times ahead, lenders are keen on harnessing the prowess of artificial intelligence (AI) to extract greater insight from the borrower’s portfolio to gain advanced notice of potential delinquencies. Whether the lender is a community bank, credit union, or captive auto lender, they aim to deliver top-quality customer service while boosting efficiency and reducing transaction costs.

At this juncture, there is a wide variety of solution providers entering the industry with a set of advanced lending management solution offerings. To help companies navigate through the best-of-breed lending management solution providers, Banking CIO Outlook has compiled a list of ‘Top 10 Lending Management Solution Providers– 2020.’ The enlisted organizations offer loan management solutions that enable lenders to assimilate information and launch lending applications across various channels and categories. The magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.

We present to you Banking CIO Outlook’s, “Top 10 Lending Management Solution Providers– 2020.”

Top Lending Management Solution Companies

Pennsylvania-based Automated Financial Systems (AFS) p Provides the industry’s only fully integrated commercial lending system designed to process multiple types of loans on a single, real-time, multibank, multilingual, multicurrency system. Founded in 1970, AFS is the brainchild of visionary entrepreneur Jim Greenwood who started the company after recognizing the opportunity to bring automation in the commercial lending arena. Currently, AFS is offering the fourth-generation of its commercial lending platform, AFSVision, which is a multibank, multilingual, multicurrency system designed to drive clarity and control with its real-time functionality and enterprise-wide digital process management

afsvision.com

Blooma is a San Diego based startup that serves as a digital underwriting assistant by automating the collection, aggregation, and analysis of deals to help lenders determine the right asset valuation and deal attractiveness with minimal human interaction. This includes asset, borrower, and financials analysis, as well as loan portfolio management, tracking, and auditing of loans over time. The platform is primarily driven by Blooma’s AI analysis and scoring of each deal according to the lender’s predefined lending profile

blooma.ai

North Shore Systems has excelled due to its cutting edge technological solutions that include 100% web-based applications. The firm also offers an array of products, powered by the North Shore Pipeline Module, that automates the entire lending process and addresses various inefficiencies in the industry. North Shore System possesses an inherent ability to connect the different players in the commercial lending process. The firm has a dedicated customer implementation and on-going maintenance and service support. North Shore is an industry leader in offering technical solutions to the commercial real estate finance industry

www.northshoresystems.com

Open Lending specializes in loan analytics, risk-based pricing, risk modeling and automated decision technology for automotive lenders throughout the United States.Open Lending’s flagship product, Lenders Protection™, is a unique auto lending enablement platform. It utilizes proprietary data and advanced decisioning analytics to provide lenders with a powerful way to increase near and non-prime auto loan volumes, without adding significant risk to their auto loan portfolio

www.openlending.com

Offers services that target time-consuming processes to enhance the turnaround times and through puts of lenders across the U.S.

verityglobalsolutions.com

Baker Hill Solutions

Baker Hill Solutions

Baker Hill delivers expertise and best-in-class solutions in lending, risk management and analytics that drive growth and profitability for financial institutions. The Baker Hill NextGen® platform allows institutions to originate commercial, small business and consumer loans and manage risk on a single platform. We use the latest technology to help institutions address regulatory and competitive pressures while delivering the very best digital customer experience

Calyx Technology

Calyx Technology

Calyx is an established provider of compliant mortgage software solutions used by banks, credit unions, mortgage lenders, and brokerages nationwide. The company’s easy-to-use technology, including its borrower interview platform, loan origination systems, and secure electronic signature software, is designed to streamline, integrate and optimize all phases of the loan process for customers of various sizes, workflows, channels and complexities. Combined with its extensive network of vendor partners, Calyx products deliver a true digital mortgage solution that maximizes profitability and enhances the customer experience

Numerated Growth Technologies

Numerated Growth Technologies

Numerated is proven to reverse this trend with digital application and decisioning solutions that make it faster, easier, and more efficient for businesses to purchase financial products from banks. Numerated supports a growing number of business banking products: deposit account opening, term loans, lines of credit, SBA loans, overdraft, equipment loans, CRE, working capital lines, credit cards, reviews and renewals, and more

QCash Financial

QCash Financial

QCash Financial is a wholly-owned subsidiary of Olympia-based WSECU and a Credit Union Service Organization (CUSO) that provides automated, cloud-based small-dollar lending technology for financial institutions. The firm is on its way to launch its Financial Wellness App that helps bank customers and credit union members achieve financial stability and resiliency through real-time behavior feedback, personalized learning, and one-on-one financial coaching. The QCash Financial Wellness App is a white-labeled product that financial services institutions can offer directly to its customers as a standalone, mobile-only application to help them achieve financial wellness through personalized financial content

SavvyMoney

SavvyMoney

SavvyMoney is the only solution that provides comprehensive credit score analysis, full credit report, monitoring, and personalized offers—all in one dashboard. SavvyMoney is the only solution that provides comprehensive credit score analysis, full credit report, monitoring, and personalized offers—all in one dashboard. SavvyMoney's analytics platform will identify loan opportunities for your users based on their credit profile and your lending criteria, which means you spend less time identifying leads and more time helping users find savings