“Newgen’s Home Equity Loan Origination solution has significantly improved our processing times and accuracy. We’ve seen a dramatic 40% reduction in approval times and a 95% decrease in manual errors.”
– Head of Loan Operations, Leading US Bank
“Newgen’s Home Equity Loan Origination solution has significantly improved our processing times and accuracy. We’ve seen a dramatic 40% reduction in approval times and a 95% decrease in manual errors.”
– Head of Loan Operations, Leading US Bank
AI-powered Credit Risk Assessment
Leverages artificial intelligence for model battery and traditional rule battery to assess borrower creditworthiness and make more accurate, data-driven decisions.
End-to-end Digital Workflow
Automates the entire home equity loan process from application to disbursement, ensuring a smooth, paperless customer experience.
Integrated Property Valuation
Seamlessly integrates with property valuation tools and databases, enabling quick and accurate home value assessments.
Automated Document Management
Streamlines the collection, verification, and storage of required documents such as property deeds and income statements, reducing manual effort.
Real-time Eligibility and Offer Generation
Instantly evaluates eligibility and generates customized loan offers, enhancing customer engagement and satisfaction.
Low-code Customization
Offers a low-code platform for easy customization of loan origination workflows to adapt to changing business needs and regulations.
Third-party Integrations
Integrates with external systems, including credit bureaus, insurance providers, and compliance tools, for faster processing and risk mitigation.
Regulatory Compliance
Ensures the origination process adheres to local regulations and compliance requirements, minimizing legal risks.
See Newgen’s low-code digital transformation platform in action. Request a demo of Newgen’s platform and industry-specific applications.
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