The modern solution for loan origination
Key business advantages
Loan origination process automation
Compose enables you to generate a flexible electronic app form that can be dynamically changed as your business evolves. You can be sure that your distribution channels are creating and submitting loan applications that can be immediately processed.
Update distribution channels efficiently
With the Compose methodology, there is no need to send distributors your requirements individually or in different ways. You configure and publish your Electronic Guidebook, and all subscribing brokers and lenders are automatically updated with your requirements.
No need for any effort on their end, and you save time in having one uniform methodology to communicate your change.
Standards keep you up to date with Regulatory requirements
The Compose layout is set on the industry standard and the LIXI CAL 2.0 data dictionary and benefits from the collective work of the industry itself. As regulatory requirements influence the standard, these changes are automatically made available to you via Compose.
No need for audits to guarantee compliance
Because your Electronic Guidebook is accepted electronically by all subscribing parties, you no longer have to audit distribution channels and can guarantee compliance with your up-to-date requirements.
Complete applications ready for processing
With your exact requirements at distributor finger-tips, you will receive applications with complete and appropriate data and supporting documents; ready to process.
Full functionality across the process
Compose methodology covers every stage of the loan origination process: data collection, product selection, serviceability check, print forms generation, supporting documents collection and loan application submission.
Compose platform
Compose provides a comprehensive configuration service enabling you to build your ultimate Source of Truth – your Electronic Guidebook.
An Electronic Guidebook is a publishable electronic representation of all your application data set requirements and validation business logic, over-laid with your supporting documents, products, serviceability and print forms requirements and logic.
You have all the features necessary to customize your products and sell them integrated on a single lending platform – Loanapp.
Compose platform
Compose provides a comprehensive configuration service enabling you to build your ultimate Source of Truth – your Electronic Guidebook.
An Electronic Guidebook is a publishable electronic representation of all your application data set requirements and validation business logic, over-laid with your supporting documents, products, serviceability and print forms requirements and logic.
You have all the features necessary to customize your products and sell them integrated on a single lending platform – Loanapp.
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Additional features for you
Provide better turnarounds and reduce re-work
Controlling distributor behaviour means controlling the quality of loan submissions. High quality applications will reduce costs and turnaround times, effort to process and increase your customer satisfaction.
Plug and play – no need for significant internal platform changes
Compose operates outside of your current infrastructure; and communication with external and legacy systems is orchestrated by the platform thanks to its ability to exchange data directly between various components. There is no need for you to overhaul your internal processes or platforms to adopt the methodology.
Multi-channel distribution and advanced user management
You can configure distribution channel rights in terms of access to products and subscription rights. You can also create user management roles across your organisation, define permissions, and audit user activity in the system.
