Simplifying the Complex Loan Process with eLos App

An integrated end-to-end solution that is being used across large banks in the United States. A single software system to handle your all of your loan origination needs, you can check out how it works.
Get in touch with our representative now to schedule a 30 minutes demo session on how the application works and how it would be beneficial to your bank.

Why eLos

Loan origination and processing of loans is a huge challenge for banks that deal with a huge volume of loans and various stages of approval process. With Elosapp your bank can now streamline processes and manage much more efficiently.

  • Elosapp helps banks streamline the entire process of loan origination from POS to post-funding.
  • Through Elosapp regulatory requirements are taken care of through security and data consistency thus
    ensuring proper compliance.
  • With Elosapp banks can now process higher volumes of loans aided by a lender-configurable system.
  • Every facet of loan origination process is handled through Elosapp.
  • Management reporting on loan metrics for each and every transaction to keep track.

Common Origination Platform For All Loans

Loan origination and processing of loans is a huge challenge for banks that deal with a huge volume of loans and various stages of approval process. With Elosapp your bank can now streamline processes and manage much more efficiently.

Customer Relationship Management

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Enabling bank to maintain customer records
with ease and service them.

Easy setup of loan account of the customer and
updating it time to time.

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Loan Account Setup
and Management

Application Decision
(Auto & Manual)

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Auto and Manual decision processes are highly configurable

Relates to the process decision to approve the
loan to the borrower.

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Business Rules
Management

Fulfillment
(Loan Contract Docs)

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Facility for easy document exchange for loan
applications and approvals.

Provides reports in real time to bank officers for all
loans and all customers.

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Reporting
Infrastructure

Product(Setup, Modify, Rates, Feeds, Conditions, Events, Etc)

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Complete information on the loan product offered
by the bank with terms.

The application provides easy servicing of
the loans from the customers

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Servicing( Repayments & Reversals,
Collections, etc)

Key Modules

Loan Decision

Auto and manual decisions. Complete Lifecycle management of customer on boarding across channels. The application is process oriented to improve efficiency. It includes standardized process with compliance, operational risk and credit risk checks.

Product Repository

The application includes detailed information about all the loan products that the bank offers along with information relating to the setup, rates, feeds terms and conditions etc. Provides an easy facility for the customer to get in touch with bank to apply.

Reporting

Complete reports of all the loans with the lender and the borrower information and the current status of the loans. Provides Support for a variety of reports without manual intervention such as Sanction Letter, Appraisal Reports, Other MIS Reports, Regulatory Reports.

Loan Servicing

Elosapp solution helps stores borrower data in one centralized place. This consolidated data allows loan services managing risk, providing customer service, and addressing default management challenges that they may face from time to time.

About Hyniva

Hyniva was founded in 2007 and is based in Bangalore, Chennai and San Antonio, TX US. We provide provide technology & outsourcing services and business consulting. HYNIVA enables clients in US & India and delivers measurable business value. Specialized in the field of financial Services, Insurance, Healthcare, Retail, Logistics and Education services. Delivered 285 man years of effort, Enterprise application development, 120 man years of software maintenance & production support and 25 man years of IT consulting services experience. Products for Financial Industry, Educational sectors and deployed for 1500+ customers. Engineered & Managed Financial Bank Lending solutions for 3 large US banks. Delivers business value in global scalability, process efficiency and cost optimization for our clients.

hynivalogo

LOCATIONS

SAN ANTONIO, TEXAS, US

BANGALORE, INDIA

  • #8,1st Floor, Near Navajeevan Ashram, HBR Layout, 4th Block, Outer Ringroad, Hennur, Bangalore-560043
  • (+91) 80-46620999/7022292370
  • contactus@hyniva.com
  • elosapp.com

Contact Us

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