A wonderful time has come!
Even such complex software as an automated loan conveyor can be created easily and quickly without the help of programmers.
This can be done independently by specialists from the client and credit departments of the bank, together with specialists from the risk department, the collateral department and lawyers using the Botman.one low-code constructor.
How to do this, read this article.
First you need to use the constructor to build the client's path from the moment he enters the bank's website.
It is necessary to create questions in the constructor, answering which the potential borrower will move along a certain branch of the "tree", entering the information necessary for making a decision on lending and attaching documents.
If it is clear from the client’s answers to questions that the borrower or the requested financing conditions do not suit the bank, the client will immediately receive a message about the refusal of financing, which will greatly save both the client’s time and the time of the bank’s employees, who will not need to consider a deliberately refused application on credit.
Information and files received from the client will be placed in the database, as well as in a special excel file, which will automatically be sent to the email address of the bank's underwriter or other specialist. In addition, documents and information can be automatically forwarded to employees of the risk and legal departments.
The preparation of the conclusions of the risk department and the legal department is also automated, which speeds up the preparation of these documents several times and minimizes errors.
Depending on the client's response to the program's questions, the content of the documents attached by the client, and the content of the credit history report that is uploaded to the program via the API, the program will automatically calculate the score and make a decision on issuing financing / refusing to issue a loan or requesting additional collateral for a loan .
If the decision to issue a loan is positive, then the loan pipeline will automatically generate the protocol of the credit committee and all loan and security documentation (loan agreement, collateral and guarantee agreements, etc.).
Even after the loan is issued, the loan conveyor will automatically track the delay, calculate the penalty and send a claim drawn up according to the standard form to the e-mail of the borrower and the guarantor.
If the claim is not satisfied, the credit conveyor will calculate the amount of the state fee, generate a payment order for its payment and send it to the accounting department, create an application for a court order or a statement of claim and send it to a bank legal officer or send it to the court, having previously signed the UKEP.
Using a pipeline like this:
- will increase the speed of issuing funding several times,
- will significantly reduce the load on the bank's divisions responsible for lending support,
- will reduce the number of customers who are dissatisfied with bank refusals, since the client will receive a refusal immediately on the site before he makes a lot of efforts to obtain a loan.
The cost of creating a credit pipeline using the Botman.one visual constructor is many times lower than creating a credit pipeline by designers and programmers, since the credit pipeline in the constructor is assembled from ready-made and flexibly customizable blocks. For the same reason, such a credit pipeline is created and configured very quickly.
Such a loan pipeline can be easily reconfigured when changing the bank's lending program or forms of loan and security documentation, since the Botman.one constructor allows you to quickly make changes to the created loan pipeline without programming.
A similar pipeline for the issuance of financing can work in microfinance, leasing and factoring companies, as well as investment platforms.