Ever changing business trends like the rise of social media, growth of emerging markets, paperless banking, and generating offers at key touch points in real time are creating opportunities in the lending, mortgage and asset financing space. The need is to develop automated, stable and reliable processes to secure more and better loans, with reduced cost of acquiring good customers.
To achieve the above, we provide consulting services and pre-built frameworks in the lending, mortgage and asset financing space. Our solution provides time-to-market advantages and addresses rigorous business and IT needs with reduced cost and greater customer satisfaction.
Our areas of Expertise
- Auto Loans
- Unsecured Loans
- Educational Loans
- Retail Mortgage
- Commercial Mortgage
- Funded Loans
- Non-funded Loans
Originate and service the loans and leases more quickly and efficiently while minimizing risk to your lending operations. Whether you're a high-volume originator or loan servicer, community bank, credit union or captive auto lender, our solution provides excellent customer value and minimizes organizational risk. The solution allows you to react more quickly to changing markets and consumer expectations.
Tech Mahindra’s – ‘Banking on the Cloud - Origination platform’ is a comprehensive framework developed in partnership with Sales force. It can be deployed rapidly and securely for quick wins with one end-to-end product, lenders have access to their loan files from anywhere at any time. Some of the key benefits of the solution include.
- Reduced Cost and Investments by transforming from x to x model
- Reduced Operational Costs by reducing turnaround time with robust SLA tracking
- Information integrity with inbuilt data security and privacy needs
- Improved Customer Experience by integrating with multiple communication channels and keeping customer well informed on the application status
- Increase in agents productivity with in-built collaborative features helping relevant process owners to effectively contribute to the application processing
- Better Risk Management with integrated credit scoring and rating engine, payment gateways and integration to legacy systems
- Paper free Lending using Secure, electronic options streamlining loan processes throughout the lending life cycle
- Speed to market by providing flexible framework which helps business users configure the application as they want with changing market dynamics
- Faster and more visible ROI with reduction in application processing costs, accurate documentation, increase in volume of mortgage applications with less resources, transfer of ownership from IT to business and reduced time taken to make product & process changes