Application forms, credit bureau inquiries, committee decisions, collateral and guarantor management. Even when the process changes, in-flight applications stay intact.
Loan origination software (a loan origination system) manages the process from receiving a credit application through assessment, committee decision and disbursement. At banks, finance, factoring and leasing companies, this process is too complex to run on email and files because of credit intelligence, financial analysis, collateral valuation and multi-level authority structures.
The Eruca ERP Credit and Financing module brings corporate and retail applications into a single flow. Query results from KKB and other credit intelligence sources are linked to the application, and missing documents are listed automatically. Credit committee decisions are recorded with votes and rationale. The process is versioned: when a rule changes, new applications follow the new flow, while in-flight applications complete under the flow they started with.
Corporate and individual applications, missing-document checks and rules.
Inquiry results from KKB and other sources are attached to the application.
Committee screen, voting and reasoned decision records.
Guarantor details, collateral types and valuation tracking.
Check-based financing processes and maturity tracking.
When the flow changes, a new version is created; open applications complete on the old flow.
Limit allocation by company and risk group, with usage and renewal tracking.
Balance sheet and income statement import, ratio analysis and a ready summary for the committee.
Each step inherits the previous step's data; nothing is entered twice, and every transition is logged.
Banks looking to digitize corporate and commercial loan origination.
Institutions managing auto, mortgage and consumer finance applications.
Companies running check, invoice and lease-based financing processes.
Institutions doing project-based, multi-stage assessments.
A typical origination process consists of application and document collection, pre-assessment, credit intelligence and KKB queries, financial analysis, collateral valuation, the decision of the authorized level or credit committee, and disbursement. Eruca ERP records each stage with who completed it, when and on what grounds.
Committee members review the application on the committee screen and cast their votes. The decision, votes, rationale and conditions are stored with the application; applications exceeding authority limits are automatically escalated to the higher level.
Results of KKB and other source queries made through credit intelligence integrations are added to the application file automatically and appear on the assessment screen alongside other documents.
Eruca ERP processes are versioned. When a new step or rule is added, a new version is created; new applications follow the new flow, while open applications complete under the version they started with.
The module is configured to meet regulatory expectations such as recording delegation of authority, committee decisions, credit intelligence and financial analysis reports. Rules specific to your institution are defined with ErucaStudio.
With your own processes, in a 30-minute demo.
Fill in the form and we'll call you shortly to schedule your demo together.
Our team will get in touch with you shortly.