All-in-One Loan Origination Systems, or Best-of-Breed Components?
Loan origination software combines screens with decisioning logic — but is that the best way?
One system to handle straight-through processing — from application to booking — leads to unnecessary compromises.
Many financial services organizations look to loan origination software as an all-in-one solution to power end-to-end application processing. That means one system to manage the entire experience, from customer-facing front ends to underwriting and compliance.
The Loan Origination System (LOS) screens, which are fundamental to LOS systems, drive everything as the evolution of credit memo documents that were used 30 years ago. However, LOS’s have yet to fully adapt to today’s modern, data-driven underwriting processes.
But don’t worry, because Provenir has.
Provenir vs. loan origination software
Our platform makes us unique. Our results make you stand out.
Jeff Lively, VP of Dealer Services, GM Financial
“We have deep insight into every application and contract as we can instantly get real-time information whenever we need it.”
Magnus Silfverberg, CEO, Bisnode
“Provenir plays a vital role in navigating this balance between compliance and speed, because it gives us the ability to orchestrate all of our scoring and compliance processes very quickly.”
“The flexibility and ease of use of the Provenir platform allowed us to complete a very complex project in record time with nearly half as many resources and over a 50% cost reduction.”Gabriel Grynsztein, Strategy Lead, Risk Infrastructure
Brian Billingsley, CEO, North America, Klarna
“Provenir has delivered a solution that increases our agility and responsiveness to clients. The implementation of Provenir’s software will contribute towards Klarna’s global market goals.”
Agur Jõgi, Chief Technology Officer, Bigbank
“The Provenir solution is an important element in our transformation. The interface is so visual that it is simple to design effective, transparent business processes.”
Companies like you choose Provenir
GM Financial wanted to bring new auto lending and leasing products to market more quickly, paving the road for smoother loan origination processes. Provenir was there to help.
BNPL provider Klarna needed to replace legacy technology with real-time risk decisioning and business analytics designed to keep up with shopper demand. Provenir provided the framework to get there.
SoFi benchmarked the project alongside its previous DevOps effort with its in-school college loan application. As a result of building out new automation and leveraging low code/no code technology enabled processes via the Provenir platform, SoFi was able to complete the project and go live in a shorter timeframe (within 10 weeks).
Resources to dig a little deeper
Unlocking the Power of Credit Cards: 3 Innovative Trends Driving Change in the Industry
Ten Fintechs Shaking Up Consumer Lending
Top Three Mortgage Lending Trends: How to Make Smarter Credit Decisions Today to Thrive Tomorrow
Our reach is global
Provenir operates around the world, providing you with the data, technology and support you need to power a global business. We’re your go-to partner, regardless of time zone.