Finastra, a leading financial technology provider, has announced the integration of Newgen’s loan origination system with their popular LaserPro software. This collaboration aims to streamline the loan origination process and enhance efficiency for financial institutions globally.
LaserPro is well-known for its comprehensive loan documentation and compliance suite, while Newgen’s loan origination system offers powerful features to automate and digitize the loan application process. By integrating these two robust solutions, Finastra aims to provide a seamless end-to-end loan origination experience for their clients.
The integration of LaserPro and Newgen’s loan origination system will enable financial institutions to automate manual loan processing tasks, reduce turnaround time, and minimize errors. The combined capabilities of these systems will allow lenders to manage the entire loan lifecycle efficiently, from application submission and credit decisioning to documentation and funding.
With the integration, lenders will be able to access critical borrower information from within LaserPro, eliminating the need for manual data entry and reducing the chances of discrepancies. Additionally, the integration will enable lenders to automate compliance checks, generate accurate loan documents, and improve overall data accuracy and integrity.
Speaking about the integration, Mr. John Doe, CEO of Finastra, said, “We are excited to partner with Newgen to bring this integrated solution to our clients. By combining our powerful technologies, we aim to revolutionize the loan origination process and simplify the work of financial institutions.”
This integration comes at a time when financial institutions are increasingly seeking ways to streamline their processes and enhance their digital capabilities. With the fast-paced nature of the lending industry, leveraging advanced technologies like LaserPro and Newgen’s loan origination system becomes crucial to gain a competitive edge and provide exceptional customer service.
The Finastra and Newgen integration is expected to commence in the third quarter of this year, and clients will be able to harness the benefits of the combined solution soon after. Financial institutions that rely on LaserPro and Newgen’s loan origination system can look forward to a more streamlined and efficient loan origination process that saves time, reduces costs, and enhances customer satisfaction.
To learn more about Finastra’s LaserPro and Newgen’s loan origination system, visit Finastra’s official website here.