TRANSIT will be a workflow-based loan origination and processing system, which will help Premier Bank to differentiate itself from the competition. TRANSIT will be an industry-recognized leader in this space, with its technical and functional breadth. TRANSIT will be a one-stop source for originating credit applications across various types of financial products for an SME / Corporate / Retail customer, ensuring a single view of the customer and a standardized, streamlined origination process.
Tracker for Loans In Transit
Product Overview
Product Information
Product Information
Functions
- Configure Loan Types
- Configure Applicant Types
- Preparation of Checklist of documents based on the loan type
- Supports Loan Application Initiation, modification, Loan Renewal
- Internal Deduplication process within TRANSIT
- Simple & Advanced Loan Application and Customer Search
- Generation of CIF Number
- The system will have a data entry screen with logically grouped information about the customer, loan product and other information
- Capture various details like personal, employment and address details
- Generation of Process flow based on Product attributes
- Asset and liabilities details capture
- Configure types of collaterals and capture detailed collateral related information
- Credit limit set up
- Override of the system recommended limit can be done by the credit approver
- Credit scoring Set up
- Multi-level loan application approval process with a delegation
- Sanction Letter Generation
- DMS (Document Management & Imaging) Integration with TRANSIT
- All decision screens display the decision history and comments provided by the earlier decision-makers.
- Application Referral – The system also supports a recommended feature to escalate the application to the next level of underwriting
- Customer Advice Generation
- MIS – MIS Reports can be configured to suit the business needs, using the TRANSIT Reports tool. Report output: CSV, PDF, DOC, XLS
- Application Audit log
- Group Security Matrix
- Task assignment against User Roles or Specific User
Platform
ASP.NET Desktop Based Application, SQL Server DB
Representatives Clients
Standard Chartered Bank, Premier Bank Ltd. SABINCO
Number of Installation/Clients: 03
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