Loan Origination Software

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• Real-time approvals:

  Automate your loan origination processes for real-time digital lending approvals.

• Smarter decisioning:

  Simplify data integration and deploy risk models in minutes to power smarter decisioning.

• Greater independence:

  Empower business users to make changes in minutes with no-code, drag + drop tools.

Create loan origination experiences that drive customer loyalty.

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  Integrate more data

  Integrate more data

  Data integration tools make data access fast and easy. Integrate to both internal and external data sources using our Data-as-a-Service solution. Provenir Data and Marketplace lets you explore new data sources covering identity, credit, fraud, KYC, and other traditional and alternative data options.

  • ✓ Fully maintained API integrations
  • ✓ Aggregate and augment your data
  • ✓ Filter by geography, use case and data type

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  Automate decisioning

  Automate decisioning

  Our AI-Powered Decisioning Platform enables real-time, fully automated decisioning workflows. Rapidly assess credit risk with predictive models that can be uploaded and deployed into business logic without recoding.

  • ✓ Create world-class lending experiences
  • ✓ Use predictive analytics to support rapid approvals
  • ✓ Eliminate vendor and development team reliance
  • ✓ Make smarter risk decisions, faster.

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  Don’t build, design

  Don’t build, design

  You don’t need to build from the ground up to get an agile, flexible loan origination solution. Use Provenir’s AI-Powered Decisioning Platform to do the heavy lifting. Simply design and implement your decisioning processes using the no-code interface.

  • ✓ Use visual testing to quickly troubleshoot
  • ✓ Deploy faster with pre-built Case Management offerings
  • ✓ Add data integrations using the Provenir Data Marketplace

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  Improve collaboration

  Improve collaboration

  Bridge the gap between your risk, credit, analytics and development teams with visual tools that eliminate technical knowledge gaps. Empower your teams to work together on projects, encouraging the collaboration that drives your business forward.

  • ✓ Enable technical and non-technical users to work side by side
  • ✓ Support real-time iteration
  • ✓ Encourage innovation

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  Respond faster

  Respond faster

  Identify and react to new risks and opportunities faster. Combine the power of our Business Intelligence and Decisioning solutions to track decisioning metrics, business KPIs and model performance using real-time data.

  • ✓ Use no-code tools for rapid decisioning iteration
  • ✓ Track performance changes with pre-built reports
  • ✓ Use artificial intelligence and machine learning tools to improve decisioning accuracy

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  Future-proof technology

  Future-proof technology

  Eradicate monolithic loan origination software that limits your agility. Instead, uncover the benefits of Platform-as-a-Service technology that is designed and built to scale with your organization.

  • ✓ Fully maintained APIs make it easy to connect to any data source or system
  • ✓ No-code technology empowers self-sufficiency
  • ✓ New features keep you ahead of trends

• Elevate Your Customer Experience

  Accelerate digital onboarding for world-class customer experiences with dynamic automation and streamlined processes for KYB verification, AML, and risk analytics.

  • Ensure merchants meet compliance and regulatory requirements with automated decisioning flows that perform necessary compliance checks
  • Fight fraud and mitigate risk with intelligent decisioning insights across the entire customer lifecycle
  • Provide a quick and seamless customer experience with real-time approvals
  • Simplify verification with intelligent data use to reduce cost and save time

• Risk Models That Evolve with the Market

  Iterate your risk models as quickly as the market demands, without vendor reliance, thanks to simplified data access and a drag-and-drop UI, all powered by intelligent decisioning and insights.

  • Accurately evaluate the risk associated with each merchant with advanced risk assessment tools
  • Keep up with market changes with simplified model deployment using AutoML or third-party solutions
  • Make more accurate decisions across KYC, open banking, fraud, credit risk, and more with pre-built data integrations easily deployed across your decisioning processes
  • Access deeper fraud insights by quickly testing and deploying additional data sets

• Proactively Adapt to Market Changes

  Anticipate market changes, evolving regulation, and new technological capabilities with low-code decisioning tools that let business users adapt processes and integrations in real-time.

  • Embrace self-sufficiency with low-code tech that enables business users to change processes and rules in minutes, promoting vendor independence
  • Agility-friendly technology with built-in testing, simulation, and code management lets you quickly promote changes when and where you need to
  • Gain proactive AI/ML insights to ensure sure every data point is adding value to your decisions
  • Stay ahead of evolving legislation with flexible decisioning capabilities

How can we optimize your

payments risk strategy?

How can we optimize your payments risk strategy?

Discover where we help and when we’re used.

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  Credit Risk Onboarding

  Seamless credit risk onboarding for merchants and customers.

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  Customer Management

  Proactive customer engagement to maximize lifetime value.

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  Collections

  Fair collections strategies to maximize the chance for ongoing credit relationships.

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  Fraud & Identity

  Smarter application fraud detection and streamlined investigations.

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Frequenly Asked Questions

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• How can we improve efficiency in the lending process with loan origination software?

  By implementing a risk decisioning solution for your loan originations, you can streamline the entire loan origination process – from application to underwriting to disbursement. With real-time data access, customizable decisioning processes, and advanced analytics you’ll be better equipped to manage your loan pipeline and customer portfolios more efficiently and effectively.

• What’s the best way to integrate data and automated decisioning into our loan origination software?

  Loan origination software on its own can’t usually handle a variety of data sources and more sophisticated loan servicing processes.. Most loan origination software has a predeveloped list of data integrations that go hand in hand with pre-built decisioning logic. But with more advanced loan decisioning software in the way of a robust, credit risk analytics and data platform, the sky’s the limit in adding, testing and iterating new data sources.

• Why is it better to implement decisioning software instead of building our own loan decisioning software?

  In-house loan origination systems often contain your LOS screens and your decisioning logic, all in one. Which sounds great but isn’t actually effective in practice – it limits flexibility and agility, and increases development and implementation time, leading to frustrated business users, impatient loan applicants, and stilted growth.

• How does combining decisioning with our in-house loan origination software improve agility?

  While it may seem counterintuitive to implement MORE technology, it’s rare that the same technology for your loan origination is effective in powering end-to-end application processing. Simple decisioning found in most loan servicing software can’t handle more sophisticated risk strategies – which is why financial institutions need more sophisticated risk decisioning solutions that can handle real-time data integration, automated decisioning, and advanced analytics. 

Balance risk with opportunity across the customer lifecycle.

All-in-One Loan Origination Systems, or Best-of-Breed Components?

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One system to handle straight-through processing — from application to booking — leads to unnecessary compromises.

Provenir vs. loan origination software

• Simple decisioning can’t support sophisticated risk strategies

  Provenir

  Provenir Decisioning provides sophisticated credit risk decisioning capabilities. Supporting everything from waterfall knockout rules to full machine learning models, our model-agnostic platform means you can upload Python, R, SAS, PMML, Java, SparkML, and TensorFlow models without recoding. We’re the intersection of smarter risk decisions and powerful risk analysis tools.

  Loan Origination System

  Decisioning logic supported by loan origination software is generally very basic, only allowing for waterfall rules and simple scorecards. Any support for more complex modeling requires customization by the vendor. Not only do these requests come with long wait times, but you’re also beholden to your vendor for development, testing and deployment.

• Cater to everyone, please no one

  Provenir

  Provenir’s focus on decisioning, data, and advanced analytics means we’ve built out rich, robust components that support any decisioning use case with a flexible, drag-and-drop visual user interface. We’re also easily integrated with other solutions — including loan origination systems — so you get the best of both worlds.

  Loan Origination System

  In a LOS, both screens and decisioning logic are in one system. This causes businesses to lose the flexibility to enhance parts of the origination process, since the entire system must be upgraded to support changes. And with all components in one system, development and implementation times are much longer, limiting agility and reducing the flexibility to make tactical improvements.

• Inflexibility with integrations limits rapid change

  Provenir

  Provenir Data offers any data, anywhere, on-demand, all through a single API, so you can accelerate your data strategy with a purpose-built data platform. Provenir Marketplace enables preconfigured integrations with our global data partners, including a wide variety of traditional and alternative data sources — with visual field mappings that simplify using new data sources in any decisioning workflows in minutes.

  Loan Origination System

  Most loan origination software has a pre-developed list of data integrations that work well with pre-built decisioning logic. If a client wants a different data source, you’ll need the vendor to complete an expensive and time-consuming software customization — limiting your ability to test new data sources in your decisioning.

• Financial institutions rapidly outgrow their LOS

  Provenir

  Provenir is built to support your business from startup to decacorn. We’ve built a scalable, flexible platform that grows and evolves with your business. Use autoscaling features to support peak periods and launch new products all from the same environment. The best part? Our technology powers business growth with easy iteration, innovation and collaboration.

  Loan Origination System

  If you want your technology to grow and scale with you, there are better options. Loan origination systems are built as one size fits all, based on the size of your organization. And because screens are inflexible, the LOS for large institutions is a poor fit for others, like a startup.

• Brand differentiation is hard with a LOS

  Provenir

  Many of Provenir’s clients are household names, known for innovation in how they present themselves and their market offerings. The flexibility of Provenir allows each client to tailor how the decision engine works to meet their unique needs.

  Loan Origination System

  The inflexibility of loan origination software makes it hard for many institutions to differentiate themselves. Product innovation is limited by what the LOS can support. Screens are the same from company to company, making it hard to differentiate from your competitors.

• No-code development has serious advantages

  Provenir

  Provenir’s low-code, model-agnostic platform reduces reliance on development teams to implement important changes. Whether it’s data integration mapping or risk model deployment, your risk team quickly controls and implements updates, leaving your technical users to focus on other key areas. But don’t worry – if you want to make it custom, the functionality is there.

  Loan Origination System

  Many loan origination systems don’t offer a no-code interface that empowers enable users to make key changes. With a reliance on development teams to implement strategy changes and launch new products, you’ll limit your business’s ability to grow and expand — something you just can’t afford in competitive business environments.

Our platform makes us unique.

Our results make you stand out.

Our platform makes us unique. Our results make you stand out.

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