Modern Loan Software Applications: Browser Based vs Web Based
In the modern lending industry, understanding software differences between browser based and web based is essential. Although these terms are often...
Not to brag, but GOLDPoint Systems has underwritten 44 million loan applications over the years. That’s a lot, and even dividing up that number among our clients shows that your institution is probably dealing with a steady stream of applications. They all need to be reviewed, they all need a decision made, and there’s only so many hours in the day. What can be done?
Enter the Automated Workflow Engine, GOLDPoint’s latest triumph in its quest to make your life easier. We chose a name with the acronym AWE, because awe is what you’ll be feeling when you see it in action.
To put it simply, AWE is a browser-based service that allows your institution to set up automated processes - called engines - that define parameters for accepting, rejecting, or otherwise defining its response to loan applications. For example, you can create an engine that:
You can even set up your engines to pull customer data from other GOLDPoint programs to help make decisions about new applications from current and past borrowers.
Engines are created with AWE’s user-friendly interface, constructing each step of the process piece by piece (see the example dialog above). With each step, you set up criteria that dictate how the application proceeds in the system. Such criteria include:
Your institution can even create multiple engines to serve your needs and combine them to work together depending on the steps and criteria you want to set up.
The AWE is easy to use, but of course there is a LOT of background information and system know-how that is needed before you can effectively create your own engines.
As always, GOLDPoint Systems has your back. In short, the AWE is an amazing tool, and if your institution isn’t already using it, what are you waiting for? Reach out today to schedule a
Not using GOLDPoint Systems software? Schedule a demo today!
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