Caribbean Loan Origination System Plus (LOS+)

Our Caribbean LOS+ was designed to improve efficiency, accuracy, compliance, and visibility into your loan process. eDominate's Caribbean LOS+ uniquely supports:

Multiple Products in a Application
Supports loan products for both Retail and Commercial lines of business, including Discount, Demand, Mortgage and Student loans. Multiple products may be originated in a single application.

Multiple Collateral Options per Loan
Including guarantees, vehicles, bills of sale, assignment of fixed deposit/cash collateral/treasury bills/bonds/shares/stock/insurance, hypothecations, mortgage debentures, etc. An unlimited number of collateral can be included in each loan application.

Directed Screen Flow
Caribbean LOS+ automatically presents information that is required to complete each loan application, from the correct borrower set up through credit scoring and collateral information; directed screen flow reduces processing and facilitates user-training and cross-training requirements.

Automated Decisioning
Caribbean LOS+ has an integrated credit scoring model developed by Fair Isaac to consistently and accurately decision loan application requests.

Payment Calculations
Caribbean LOS+ automatically calculates the payment stream for all loan types as well as supporting calculations. Optionally, credit life and disability calculations may be incorporated.

Work Flow Management
Manages the movement of applications electronically, throughout the loan process (origination through funding including draw downs), based on predetermined system triggers, or upon user transfer request.

Document Set
A dynamic document preparation engine is fully integrated with Caribbean LOS+, data-mapping the appropriate fields within the system to each document and establishing the rule base by which each document should appear in each print list. Documents may be generated for any country.

Analytics and Reporting
The eManagement Center (eMC) within Caribbean LOS+ provides reporting and analysis to all levels of your institution's management, delivering sales performance reports; marketing reports for cross-sales and promotional planning; audit reporting; and work measurement reports to monitor and improve efficiency across your entire lending process.

Host Integration
Integration with Jack Henry's Core Director streamlines the application process by pre-populating the application with customer demographics. Closed loans are accurately and efficiently created in Core Director by automatically facilitating the loan, collateral, CIF and GL set up.

For more information, please contact eDominate today.