Consumer Lending Software

Increase the speed and accuracy of your consumer lending process with OnBase

OnBase consumer lending software empowers financial institutions to acquire, retain and service an increased volume of loans. With all loan information, data and documents instantly available in a central location, consumer lenders can provide quick responses to customers and dealers. They also reduce costs and risks associated with paper.

This digital transformation helps lenders retain customers and increase referral opportunity. With information easily accessible, loan officers are better equipped to provide alternative or additional product recommendations.

Reduce operating costs, increase profit margins

By decreasing their dependency on paper, OnBase consumer lending software also helps lenders reduce operating costs and increase profit margins. Decisions are quick, informed, well-documented and processed correctly.

With OnBase, consumer lenders:

  • Increase the close percentage of indirect loans by providing quicker responses to dealers
  • Ensure seamless integrations between consumer loan origination software and documents
  • Mitigate risk with greater compliance and fraud detection

Decrease risks with consumer lending software

OnBase empowers lenders to decrease risks as they improve legal and regulatory compliance with automatic document histories, audit trails and records management. Information can be cross-referenced, enabling loan officers to compare data more easily and detect inconsistencies, which may be an indicator of fraud.

With electronic document workflow, lenders use rules-based processing for reviews and approvals. Timers and notifications alert users when loans need follow-up to renew, collect or capitalize on previous sales. Workflows are easy to create and manage and don’t require custom coding, so employees can create them without relying on the IT department.