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zOriginate® Loan Origination Solution

 

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Download the zOriginate® Loan Origination Solution Brochure

zOriginate Brochure

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Many financial institutions (FIs) need to streamline their loan origination processes because high origination costs are restricting product profitability. For some, the ability to implement new credit risk and revenue-generation business strategies is inhibited by outdated or siloed technology. For others, the limitation is inefficient transitions between manual and automated processes, which leads to more staff and more time being used. For everyone, the increasing amounts of data needed for effective credit decisioning is becoming price-prohibitive as well as cumbersome to integrate. Collectively, these challenges are escalating the costs of acquiring new customers.

Increasing Efficiency Returns Revenue

Through Zoot’s zOriginate® loan origination software solution (LOS), revenue generation can be accelerated because more applications can be processed in the same (or shorter) amount of time, using less staff. zOriginate automates as much of the process as possible, yet seamlessly incorporates manual review where necessary. Business users have the control to effectively manage the solution through Zoot’s integrated tools and services.

Realtime Responsiveness

Through an intuitive interface tool, business users can create and modify both application and web screens to ensure all relevant data and fields are on one screen, thereby reducing the time it takes to complete each application. Through a business rules developer tool, users can manage business rules, workflows, and multiple data and service vendors. zOriginate allows business users to complete the entire end-to-end origination process, from submitting the loan application to booking it to the appropriate system of record.

The flexibility built into the design of Zoot’s LOS is based on industry best practices to meet a wide range of needs, from supporting virtually any credit product and line of business to fulfilling compliance and reporting requirements. Zoot’s tools and services approach allows solutions to be configured to meet an institution’s unique strategies.

A Better Experience for You and the Customer

Siloed systems can create gaps in the interactions a customer has with your FI. Sometimes the customer will receive duplicate product offers through different channels or worse, different credit policies. Zoot’s application service provider (ASP) model allows our LOS to share information across the enterprise to build consistent, positive customer experiences. In addition, an offers repository tracks all offers made to a customer through any channel and aggregates the data from all lines of business. This feature not only supports a holistic view of the customer, but also enables successful instant prescreen and cross-sell offers.

 

We needed the ability to integrate with multiple vendors to support our multi-state lending product portfolio. zOriginate provides real-time information to our staff enabling them to present the best loan options more quickly, creating an even more positive client experience while reducing loan processing time and costs.

—Wendy Clausz,
SVP of bank operations, Thrivent Financial Bank



Take a deeper dive:
Solution Brochure, zOriginate® Loan Origination
White Paper, "How to Choose the Right Credit Decisioning or Loan Origination Vendor"
White Paper, “Good Origination Solutions Can Be Better: The Hierarchy of LOS”
Webinar, "Modernize Origination Before Your Competitors Do: Top 5 Initiatives to Increase Lending Profitability"

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