Application Processing Product Suite
Application Processing Product Suite
Many institutions are searching for a comprehensive application processing system that saves time and money while complying with demanding industry regulations. Manual origination is costly, but automating the entire process may alienate your customers or compromise regulation compliance. It is a tough balance to find.
To solve that challenge, Zoot offers a suite of application processing products to address your critical business needs with proven technology—technology that has solved complex problems at some of the largest and most innovative U.S. financial institutions. Zoot’s application processing product suite allows seamless transition between manual and automated steps in the origination process ensuring an efficient and easy to use solution.
Workflow Engine
Zoot’s workflow engine is the foundation on which other products are built to create a comprehensive solution that supports strategic automation. In contrast to a decision engine, a workflow engine is utilized when the application requires manual interaction, for example to clear a fraud indicator or verify stated income. Zoot’s workflow engine seamlessly integrates manual review screens into the automated process at necessary points of manual interaction for a truly optimized solution.
Process Management GUI
Defining points in the process flow where manual interaction is necessary is accomplished through Zoot’s process management graphical user interface (GUI). This tool allows business users to quickly and easily configure an application process flow from start to finish that fits an institution’s proven best practices.
Instant Rules Management GUI
Further control is gained utilizing Zoot’s instant rules management graphical user interface (GUI) to make realtime changes to pre-specified criteria in the origination process.
Vendor Network
Dozens of vendors providing data and services are available through a single connection to Zoot using our vendor network. Zoot’s vendor management GUI allows business users to select where in the origination process the third-party data or services should be incorporated, as well as which of their preferred vendors to use.
Document Generator
To finalize the origination process, documents are prepared and signed. Traditionally, loan officers re-keyed information by hand into the final documents, causing high probability of error. Zoot’s document generator solves this problem by automatically transferring the information from the application to the final documentation. Loan officers simply print the documents, have consumers sign, saving time and greatly decreasing risk of error.
Contact Zoot at (406) 556-7555 or fill out our information request form today!
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