Cloud Lending Solutions Launches CL Originate, a Loan Origination Platform
SAN MATEO, CA: Cloud Lending Solutions, a cloud infrastructure company, launches CL Originate, a next generation online loan origination platform. CL Originate is a cloud based platform created with a view to fulfill the demands of online lenders and aims at instant loan processing and managing documents. It is suited for online, marketplace, commercial and traditional lenders.
CL Originate has integrated configurable decision engine with its loan origination and underwriting platform for speedy underwriting of loans by online lenders. The integration of auto decision capabilities, third party integrations, and workflows and task management has allowed CL Originate to convert applications into contracts for enabling all the processes from application to funding.
CL Originate features automated credit scoring and pricing for loan approvals; transforming the online loan origination process to enable six-click lending from application to funding; enabling collaborative forum between all stakeholders to share documents via a new Deal Room that also manages documents and provides an up to date status of outstanding tasks to lenders; provide data from traditional third party sources and newer alternative sources to determine credit scoring and complete configuration for fast deployment.
“In today’s fiercely competitive lending space, lenders need to satisfy user demand for quick loans, provide new ways to validate credit worthiness, while continuously pushing out new products at scale. CL Originate is designed with the needs of the next-generation lending community in mind. These new features simplify the lending process to as little as six clicks, dramatically changing the playing field,” says SnehalFulzele, CEO,Cloud Lending Solutions.