Doxim Rolls Out a Truly Mobile, Paperless Lending Solution

By CIOReview | Tuesday, April 5, 2016
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TORONTO, ON: Doxim—a provider of customer engagement software for financial services organizations—announced a new, SaaS-enabled version of its loan origination system.

With the advent of newfangled cloud-based, mobile friendly loan processing system, banks and credit unions can reinstate CX throughout the lending process. Loan applications can immediately be accomplished at the customers' ease of convenience, since lenders can process loans anyplace and at anytime on tablets or laptops. Along with integrated eSignature support, this fresh SaaS version of Doxim's big loan origination solution now provides true and straight-through paperless loan processing.

Doxim Loan Origination aggregates and arranges lending process into five simple steps, at the same time forbidding errors and enhancing loan velocity. A progressive automated relationship pricing, auto-decisioning engine, and a fresh view of member finances are the services that aids Doxim Loan Origination to offer substantial additional automation to lenders, increasing the convenience to choose the loan products and options most beneficial and favored to each individual customer. The solution also importantly cuts data entry time and forbids pricey errors by pre-populating fields with data from core banking systems and credit bureaus, lien searches & registrations, insurance providers, and black books.

"The latest release of Doxim Loan Origination offers myriad of new and advanced lending capabilities," said Chris Rasmussen, President and CEO at Doxim. "One I am especially excited about is the new and unique ‘umbrella' loan capability, which allows multiple connected loans to be processed as part of a single application. It betters the customer experience while boosting wallet share for our clients."

Coastal Community Credit Union (CCCU) has partnered with Doxim to digitize its loan origination using Doxim SaaS LOS. Adrian Legin, President and CEO of CCCU, believes the system will offer a substantial competitive advantage for his organization.

"Doxim Loan Origination will render long-term benefits that align with CCCU's goals to importantly better the lending experience for both our employees and our members" said Legin. "Our decision to be an early adopter of Doxim Loan Origination stems from our belief that our 80,000 members are seeking seamless, personal, omni-channel interactions with our credit union. The implementation of Doxim Loan Origination represents crucial step in our organization-wide reaction to these changing demands."