Good Origination Solutions Can Be Better: The Hierarchy of LOS

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Loan origination technology varies widely across the industry, with some financial institutions still burdened by manual review while others have automated aspects of application processing. However, even those FIs with good origination solutions can benefit from moving to best-in-class origination solutions. The functionality associated with best-in-class solutions can lead to efficiency gains, cost sav­ings, and a more positive customer experience. This paper examines the LOS hierarchy and reviews the problems addressed by best-in-class solutions. The paper also discusses a prioritized approach to new technology integration with current systems.

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