Reduces prep time for lenders, offers a more agile and streamlined platform for commercial lending transactions
LAKE MARY, FL, April 20, 2016 /CNW/ - DH Corporation (TSX: DH) ("D+H"), a leading provider of technology solutions to financial institutions globally, announced today the launch of its new Commercial Origination & Processing functionality for LaserPro® lending solutions. The new enhancement reduces the preparation time needed for lenders to originate and process a commercial lending transaction, offering a seamless, integrated, repeatable, and transparent approach to commercial lending origination. LaserPro is the recognized industry leader for compliant loan origination, processing, and document preparation for mortgage, consumer, and commercial lending.
While maintaining document compliance, LaserPro Commercial Origination & Processing gives users a more agile and streamlined platform for loan origination and processing, ensuring that loan officers, loan assistants, and underwriters spend more time generating new loans, and less time on manual processes. LaserPro Commercial Origination & Processing also provides a visible completion path for commercial lenders, providing end-users with a consistent workflow for each step along the lending process, and the ability to see what tasks are still outstanding.
"By streamlining the process of loan origination and application processing in the commercial lending workflow, LaserPro Commercial Origination & Processing helps loan officers eliminate the manual processing burdens, freeing them to focus on providing the personal attention borrowers expect while building deep relationships with borrowers," said Mitch Lucas, vice president, Product Management and Legal Compliance, D+H. "This new enhancement also provides transparency into the commercial lending process, allowing financial institutions to profitably grow their commercial lending lines of business with visibility into their loan processing pipeline. LaserPro Commercial Origination & Processing provides users with a clear picture of their commercial lending business, at the loan officer-level, branch-level, or across the whole organization, with built-in controls and user rights for every end-user."
LaserPro Commercial Origination & Processing offers a host of new functionality, including:
- Built-in Vendor Services: Users can tap built-in consumer and commercial credit reporting, as well as business vendor services including flood-map verification services.
- Core Integration: Users can import information directly from core systems with LaserPro core connectivity to quickly access client data.
- Customer Lending Profile: Users can create a centralized storehouse for important client data to quickly respond to new loan requests.
- Pipeline Reporting: Users can see where individual loans are in their processing pipeline, and create custom reporting statuses or milestones based on their organizational workflow.
- Task Manager: Users can create custom work tasks or group work items for loans based on collateral types, customers, or loan purposes.
"This new enhancement makes LaserPro a comprehensive, end-to-end solution for commercial lending, handling every step from origination through closing," said Lucas. "It also provides a powerful, intuitive interface for existing LaserPro customers. This functionality will make a big difference for commercial lending clients, as well as financial institutions looking to streamline their lending processes."
Learn more about LaserPro Commercial Origination & Processing, or D+H's comprehensive end-to-end lending solutions for consumer, mortgage, and commercial lending.
D+H (TSX: DH) is a leading financial technology provider the world's financial institutions rely on every day to help them grow and succeed. Our global transaction banking, lending, payments, and integrated core solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments, and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues in excess of $1.5 billion, D+H is recognized as one of the world's top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker's FinTech Forward rankings. For more information, visit dh.com.
SOURCE DH Corporation
For further information: Hyunjoo Kim, Manager, Corporate Communications, 416.696.7702 ext. 5221, firstname.lastname@example.org, D+H