Loan Origination Software
Loan origination software (LOS) is a tool that automates the end-to-end loan portfolio cycle. The loan portfolio cycle involves the application and approval of loan products. Loan products are managed centrally through loan origination software. Loan origination software ensures a simple and improved loan process as well as reduced regulatory compliance risk for businesses. Businesses can benefit from loan origination software by having a general view of the borrower transactions across all channels within one platform. Within this one platform, each transaction is monitored using real-time business activity and audit trails by the loan origination software.