Credit Teams

Manage complex analysis with ease to reduce risk and ensure consistent credit policy application on every loan every time.

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Speed, Accuracy, and Consistency

Credit teams operate in a pressure cooker where the heat is on to deliver quick decisions without sacrificing accuracy.

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Get a Complete Picture of Risk

Spread and calculate GDSR and GCF to easily understand risk.

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Enforce Credit Policy

Ditch the spreadsheets and embed your credit policies.

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Manage Ticklers

Automate exception item management and never miss a step.

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Maintain Compliance

Track your decisions and show your work to stay in compliance.

Create Consistent Processes

Standardize processes to ensure consistency throughout the loan lifecycle with an LOS.

Enter Insights, Not Data

Integrate your data from multiple sources and systems to use it everywhere throughout your underwriting processes.

 

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Conduct Comprehensive Financial Analysis

Spread financials with best practice templates and flexible formats to gain insights into borrower financial performance.

 

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Centralize Credit Policy Management

Embed your credit policies into your workflow and stop worrying about the version control of your spreadsheets.

 

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Speed Up Credit Decisions

Populate the templates and tracking items needed with smart lending workflows so your team can analyze credit – not checklists.

 

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Tackle Your Ticklers

Automate tickler and exception item management to streamline communication and stay in compliance at every step.

 

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Back to the Basics: What Makes a Strong Credit Analyst

Learn how technology can empower your credit teams in our whitepaper.

Enhance Credit Decisions with Integrations

Access an ecosystem of integrations to support the end-to-end lending lifecycle from application to doc prep and boarding to your core.

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Increase Underwriting Efficiency

Improve efficiency and team capacity to underwrite and decision more loans.

Resources for Credit Teams

Learn about the benefits of an LOS for credit teams

Frequently Asked Questions

Top questions from credit teams about loan origination systems.

How can a loan origination system create additional capacity and efficiency within our credit team?

Aside from improving consistency, accuracy, compliance, and risk management practices, a loan origination system (LOS) can also create additional capacity and efficiency for the credit team. Here are some ways this can be achieved:

Streamlined Workflows

An LOS automates various tasks involved in the loan origination process, such as data collection and document management. This streamlines workflows and reduces the time and effort required for manual tasks. As a result, credit teams can focus on more high-value activities such as reviewing credit policies and making strategic decisions.

Faster Decision-Making

With automated processes and real-time monitoring capabilities, an LOS enables faster decision-making for loan approvals or denials. This not only improves the overall efficiency of the credit team but also allows for a quicker turnaround time for borrowers, enhancing their experience.

Customizable Workflows

An LOS can be customized to fit the specific needs and processes of a financial institution’s credit team. This means that workflows can be tailored to match existing processes and systems, leading to minimal disruption and easier adoption by the team.

Collaboration and Communication

An LOS acts as a central hub for all communication and collaboration between various stakeholders involved in the loan origination process. This includes borrowers, lenders, underwriters, and credit officers. By providing a unified platform, it promotes efficient communication and eliminates any delays or errors caused by manual communication methods.

In addition to improving the consistency and accuracy of credit assessments, embedding credit policies in a loan origination system can also enhance compliance and reduce risk for financial institutions. Here are some ways this can be achieved:

Consistent Application of Credit Policies

By embedding credit policies directly into the LOS, there is a higher likelihood that these policies will be consistently applied to all loan applications. This reduces the potential for human error or bias in decision-making, ensuring that all borrowers are evaluated based on the same criteria.

Real-Time Monitoring and Reporting

An LOS with embedded credit policies allows for real-time monitoring and reporting on compliance with these policies. This enables financial institutions to identify any deviations or exceptions from their credit policies and take corrective actions to mitigate risk.

Reduced Manual Intervention

With credit policies embedded in the LOS, there is less need for manual intervention in the loan origination process. This not only eliminates potential errors but also reduces the time and resources needed for compliance monitoring.

Enhanced Audit Trail

Having credit policies embedded in an LOS provides a clear audit trail of all decisions made during the loan origination process. This can be useful in case of regulatory audits or internal reviews, as it allows for traceability and accountability.

A loan origination system (LOS) can significantly speed up the credit decision-making process. Here’s how:

Automated Credit Scoring

By automating credit scoring, an LOS eliminates the need for manual evaluation of creditworthiness. This speeds up the decision-making process and reduces the time required for loan approvals or denials.

Real-Time Monitoring and Communication

An LOS allows for real-time monitoring of loan applications and communication with borrowers, lenders, and other stakeholders involved in the decision-making process. This promotes efficiency and enables faster resolution of any issues that may arise.

Centralized Portfolio Management

An LOS acts as a central hub for all loan portfolio management activities, providing real-time visibility into key metrics such as loan balances, delinquency rates, and payment histories. This allows for better tracking and monitoring of loan performance.

Scalability

An LOS can scale to accommodate a growing loan portfolio, without the need for additional resources or infrastructure. This promotes efficiency and enables financial institutions to handle larger volumes of loans.

Standardized Credit Assessments

By automating and centralizing credit assessments, an LOS ensures that all necessary information is collected consistently and accurately. This reduces the potential for errors or incomplete evaluations that may lead to higher default rates.

Real-Time Monitoring and Early Detection of Risks

A CLOS allows for real-time monitoring of loan performance, enabling early detection of potential risks or delinquencies. This enables credit officers to take timely actions to mitigate these risks and maintain high credit quality.

Improved Compliance and Risk Management

As discussed earlier, an LOS with embedded credit policies promotes compliance and risk management practices. By adhering to regulatory requirements and industry standards, financial institutions can reduce the likelihood of default rates.

A loan origination system (LOS) can facilitate better reporting and provide credit analysts with improved data access in several ways:

Centralized Data Management

An LOS acts as a central hub for all data related to the loan origination process. This allows for easy access to information, eliminating the need for credit analysts to manually gather data from various sources.

Real-Time Data Monitoring

With an LOS, credit analysts have real-time access to data on loan applications and borrower profiles. This enables them to make informed decisions based on the most up-to-date information.

Customizable Reporting

An LOS can be customized to generate reports based on specific metrics and parameters. This allows credit analysts to track key performance indicators and identify any trends or patterns that may require attention.

Automation of Manual Tasks

An LOS automates various manual tasks involved in underwriting, such as data collection and document management. This frees up time for credit analysts to focus on more high-value activities such as risk assessment and decision-making.

Streamlined Workflows

By streamlining workflows, an LOS reduces the time and effort required for tasks such as credit scoring and loan decision-making. This improves the overall efficiency of the underwriting process and allows for a quicker turnaround time for loan approvals.

Seamless Integration with Existing Systems

An LOS can be integrated with existing systems and databases, eliminating any disruptions or duplications in data entry. This promotes efficiency and ensures that all necessary information is available for credit analysts to make accurate decisions.

A loan origination system (LOS) can greatly improve tickler management and tracking exception items through:

Automated Tickler Creation

With an LOS, ticklers for important dates or follow-ups can be automatically created and assigned to relevant team members. This ensures that no important tasks or deadlines are missed, leading to more efficient process management.

Real-Time Status Tracking

An LOS allows for real-time tracking of all ticklers and exception items in one central location. This provides transparency and visibility into the progress of each task, allowing for prompt action to be taken if needed.

Customizable Tickler Rules

An LOS can be customized to include specific rules for different types of ticklers or exception items. This ensures that each task is managed and tracked according to its individual requirements, minimizing the risk of errors or delays.

Integrated Communication

An LOS provides a platform for integrated communication between team members, enabling timely updates and collaboration on tickler management and exception items. This reduces the need for manual communication methods and promotes efficiency.

Make Fast, Accurate, and Consistent Decisions

Automate administrative tasks and streamline data entry to focus on complex analysis and sound underwriting.

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Why Use an LOS?

A loan origination system is the key to scaling lending.

EVOLVE WITH US

Why Choose Baker Hill

Baker Hill’s modular system accelerates your success.

EXPAND AND GROW

Partners & Integrations

Build a complete lending ecosystem with robust integrations.

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“170% increase in loan production”

Marquette Bank cites tangible, transformative outcomes.