VeriLoan

VeriLoan is a digital solution that helps financial institutions manage the entire customer loan lifecycle. It is built on top of Microsoft Dynamics 365 CRM and covers everything from pre-screening and onboarding to risk and credit review, underwriting, disbursement, and collection. It supports retail, SME, and corporate banking loan processes and allows institutions to make cost-effective loan decisions within predefined risk margins. VeriLoan has several features, including straight-through processing, a rule engine that automates business decisions and processes, simplified KYC and AML check processes, and an advanced eligibility calculator. The solution integrates with external systems like credit bureaus to enable speedy risk assessments. It also coordinates different teams from relationship managers to credit analysts, to streamline the loan origination workflow. By digitizing the entire loan lifecycle, VeriLoan helps financial institutions reduce turnaround time, error and return rates, and the cost of client acquisition. It also improves client and employee experiences through features like a self-service loan portal and increased workflow efficiency with OCR and PDF upload capabilities.