Loan Originationand ServicingSolution

VeriLoan

Architecture

SMSBANKING

MOBILEBANKING

CALL CENTER

CREDIT

SALES

RISK

HR

COMPLIANCE

OPERATIONS

Customer Search &Deduplication

Repayment ScheduleGeneration

Document Template &Form Generation

Products Pricing &Document Packages

Eligibility Calculator

Single Customer View

Credit Policy Automation

Central Bank, WorldCheckand emCredit Checks

Provisional Offer Letter

Credit Scoring

Loan Booking &Disbursement

Collateral Management

SELF SERVICEKIOSK / ATM

SOCIALBANKING

TABLETBANKING

ONLINEBANKING

Personal Loan Credit Card Auto Loan MortgageDEALER

REAL ESTATEAGENT

BRANCH

TELE-SALESDIRECT-SALES

VeriLoan brings about taster turnaround time with its focus on paperless processes. In this manner, loan applications processes are generally finalized in four hours. Powerful deduplication logic enables early detection of both existing customers and previous applicants early in the process to prevent costly rejections by detecting previously rejected prospects at the initial stage.

www.veripark.comVeriLoan - Loan Origination and Servicing Solution

VeriLoan is a web based lending automation for financial institutions. It automates the complete loan origination process from pre-application to application, from systems check to deviations, from underwriting to financial approvals to operational steps, while strictly enforcing products’ credit policy rules throughout the process.

Sales Unit

Centralize Scanning& Data Entry

Credit Unit

Operations Unit

Start EligibilityCalculation

ApplicationPrinting

DocumentScanning

Application CreationClient ID Reservation

De-dup Check

Document Verificationand Checklist Control

End

Data Entry Data EntryVerification

External SystemsChecks

Contact PointVerification Credit Analysis Deviation & Finance

Approval

Finance Booking CustomerCommunication

Wide range of Interest Rates, Payment Plans, and Flexible Pricing:Payment plan options

Increasing/Decreasing InstallmentsIncreasing/Decreasing Interest RateFlexible Payment Plan (Regular/Irregular repayments)Teaser Rates/Buy Down OptionsReset OptionEqual PrincipleDecreasing Balance

Interest rate optionsFixed Interest RateVariable Interest RateFixed and Variable Interest RateIncreasing/Decreasing RateHELOC

Payment PlanProduct Details Documents Fees

Vade Instalment(USD)

Principal(USD)

Interest(USD)

RemainingDebt(USD)

PaymentDate RUSF BITT

1 0,00 0,00615,09 602,96 14.01.201424.397,0412,13

2 0,00 0,00

3 0,00 0,00

4 0,00 0,00

5 0,00 0,00

6 0,00 0,00

7 0,00 0,00

8 0,00 0,00

9 0,00 0,00

615,09 436,99 14.02.201423.960,05178,10

615,09 440,18 14.03.201423.519,87174,91

615,09 443,39 14.04.201423.076,48171,70

615,09 446,63 14.05.201422.629,85168,46

615,09 449,89 14.06.201422.179,96165,20

615,09 453,18 14.07.201421.726,69161,91

615,09 456,48 14.08.201421.270,30158,61

615,09 459,83 14.09.201420.810,48155,37

Products are defined through a combination of packages. End users can define any package and build a product by combining any of the following packages:

Generic and Flexible Product Definition Framework

Document Package

Payment Plan Package Collateral Package

Pricing Package Credit Package Expense Package

www.veripark.comVeriLoan - Loan Origination and Servicing Solution

VeriLoan gathers proven technology, processes and people under the framework of a holistic solution resulting in reduced costs, a single 360°

customer view and defragmented channels.

Collection FeaturesCollectionStrategy

Settlement

Workflows

ActivityManagement

ProactiveActions

Dashboards

Servicing FeaturesNo ObjectionLetters

Re-financing

Restructuring

PaymentDeferral

Early Closure

Each product has its own credit policy. These policies are defined in a rule engine and enforced at early stages of an application in eligibility calculators. The rule engine allows definition of rules on age, income, and occupation restrictions, as well as calculations of customer’s eligibility, debt burden ratio, and limits. Applications are automatically validated against the policy, with an indication of required approvals.

The rule engine provides end users the possibility to immediately change existing rules and add new ones as necessary, with effective dates, versioning, audit trail, and publishing functionality.

Rule Engine Based Eligibility

Key Features

VeriLoan - Loan Origination and Servicing Solution www.veripark.com

Eligibility CalculatorsPolicy Based CalculatorsWeb, Call Center, CRM InterfacesBlack List ChecksDedup WarningsEmployer Listing Based

CRM IntegrationDeduplicationApplication HistoryEligibility Check at Call CenterLead Capture at Call Center

Systems CheckInternal Black ListWorld CheckCentral Bank ChecksCredit Bureau Scoring

Rule EngineSystem Parameters DefinitionRule DefinitionsEligibility AnalysisEscalation RulesScoring Logic

ServicingEarly PaymentEarly ClosureRestructureRefinancePayment DeferralCollections

MIS DashboardQueue Performance ReportTAT ReportAgeing Applications Report

Loan Work flows OriginationSalesDocumentationBlacklistProcessingAppraisal

LienUnderwritingDisbursementClosingPost ClosingServicing

Integration ModuleCentral Credit IntegrationCore Banking IntegrationCertificate of IdentificationAuthentication IntegrationLocal Address Database System IntegrationEarthquake Hazard Database Integration

Back OfficeSecurityCommissionsReportingProvider Management

Internet BankingCall-CenterKioskBranch TellerSMS BankingMobile Banking

Contact Center360 Degree Customer ViewComplaint ManagementMarketingNew Customer EnrollmentSales Lead CapturingSales Force Automation

Personal LoansCredit CardAuto LoansMortgage LoansServicing and Application Processes

VeriPark is a software house specialized in providing software solutions to financial institutions. VeriPark is a Gold Partner for Microsoft Dynamics CRM and has offices in Istanbul, Dubai, Riyadh and Cairo.

VeriPark finance sector solution offerings

VeriBranch VeriTouch VeriLoanLoan OriginationSolution 

Omni ChannelDelivery Solution

CRM Solutionfor Banking and Insurance

About VeriPark