VeriLoan is VeriPark's loan origination and servicing system automation product, targets financial institutions with loan origination and servicing processes.
Recently, the financial sector is increasingly taking advantage of technological improvements. As the sector, mortgage and loan origination business needs to be in coordination with technological improvements. Process consolidation, regulatory compliance, loan products, product delivery are some steps which should be automated as much as possible to increase service quality. VeriLoan which is developed on a SharePoint Platform is the solution for financial institutes.
VeriLoan includes all the functionality and forms that loan processors require to process a loan. It provides easy access to all forms, verifications, lenders and service companies. VeriPark's Loan Origination System enables processes to run more effectively, reduce the amount of redundancy in the process, eliminate manual processes and automate paper-based processing. VeriLoan includes business rules, approval processes, rule engine based scoring and product manager tools.