LORES is an electronic loan referral management system used to refer professional customer loan applications to Financing Institutions. Platform mission is to significantly boost the efficiency of loan referral process, leading into faster approval time and increased lending. As a result, the loan customers are better connected with financing organizations and the open web-based platform increases user participation and referral volume. The platform offers an alternative channel for banks to build loan portfolios without a huge investment in technical and human capital. Clients benefit by significantly improving chances for a successful loan approval. Under the platform, the agent refers loan customers to banks based on pre-determined criteria commonly agreed between the two parties. The value of the service is optimized since it is delivered through a technology platform. The purpose of the system is to automate the loan referral process leading to higher and quicker approval process, track cases, better customer experience and improved pricing for clients. The system’s technical architecture is built on a scalable and adaptable technology to accommodate up to 1 Million customers. A ‘responsive design’ technology allows users to access it from any web-connected device including PC, mobile and tablets. The system is conceived as a data warehouse support which resides all client information history.
Watch LORES video Presentation at CBS Channel on YouTube.
LORES platform available in PC, mobile and tablet.