Loan Origination

Open Solutions offers a premier lending solution, customized to fit your needs and contribute to your credit union's return on investment. TCCUS-sme Loan Origination features three core attributes: Accuracy, Speed and Simplicity.

Accuracy

All loan evaluation information is displayed on one easy-to-read screen, enabling credit unions to issue more loans with a higher repayment rate. An integrated collections module tracks account activity for collection officers, increasing your union awareness of loan status.

Speed

Point-and-click processing consolidates member information, including employment, FICO scores, address and history into a single screen. There's no re-keying because Loan Origination is a fully-integrated part of the core TCCUS-sme system. The full integration eliminates data-merge errors and improves productivity. The system flexibility automatically recommends loan decisions based on previously set criteria while allowing loan officers to make final decisions.

 

sample loan screen (evaluation)
Simplicity

Because Loan Origination is a native part of TCCUS-sme along with the Member Services module, all previously input information is at the decision-maker's fingertips. The Credit Bureau screen displays new or previous credit reports and auto-generates forms. Forms are easy to modify and quick decision-making information is easily viewable. The system's security features allow you to restrict access and privileges according to responsibilities, and workflow allows users to see outstanding loan applications and their statuses.

 

sample loan screen (decision)
  • Credit union-defined automated decisioning using FICO Score, Credit Report Analysis, Debt Ratio and more.
  • Automatic loading of liabilities from Credit Report
  • Preprinted viewable, fully-integrated loan documents.
  • Automatic debt ratio and net disposable income calculations.
  • Credit union-defined automated loan pricing by FICO Score range, use of credit union services, status balances and more.
  • Credit union-defined loan products.
  • Proprietary integrated interface to voice and home banking modules.
  • Fully-integrated Indirect Lending module.
  • Credit union-defined checklists by loan product.
  • Integrated loan calculator that handles all methods of calculations, insurance combinations, refinance, distributions, prepaid finance charges, frequencies, payment methods and more.
  • Integrated check printing and posting to Advanced Accounting package and Loan Origination modules.
  • Loans-in-process tickler and loan load management.