Oracle
Loans enables you to manage the complete lending cycle with
one system. From loan origination, through final repayment,
Oracle Loans is a comprehensive application that leverages
the power of the Oracle E-Business Suite. It gives you powerful
tools to simplify the origination process so that borrowers
get the right loan every time. It streamlines loan servicing
so that customers are best served. And it gives you a complete
and accurate view of your portfolio so that you make informed
lending decisions. Oracle Loans is part of Oracle’s
integrated suite of E-business solutions for the enterprise,
designed to transform your lending business to an E-business.
Streamline
the Lending Process
Oracle
Loans enables lending organizations and government agencies
to standardize the loan origination and management processes
and to centralize customer information across origination,
servicing and collections departments. Using intuitive origination
screens, loan officers and agents create online applications
for new and repeat borrowers, or create extended repayment
plans for borrowers who have outstanding receivables. Through
a streamlined origination flow, loan agents complete required
terms, conditions, amortization schedules, repayment plans
and more.
Loan
officers easily process online loan applications and access
their borrower’s related loans and credit and collection
history through the Origination Tab. Once completed, loan
applications are electronically routed for approval according
to business rules you create and assign to the loan. Managers
navigate to the Approval Tab and review the application,
conditions for approval, related loans and payment history
of the borrower(s), and determine if the loan should be
approved, rejected or if more information is required.
Approvers
can also review credit information online as part of the
review process through the Borrower Summary page. Once the
loan has been funded, servicing agents manage their active
loans for the entire lifecycle through the Servicing Center.
If a particular loan becomes troubled, collections agents
manage “delinquent” or “in default”
loans with automated recovery tools.
