Techmill Intelligence Loan Originating System (TILOS)
TILOS is process workflow software designed to assist bank to simplify and automate their lending process, catering from Origination to disbursement. Origination generally includes all the steps from taking a loan application to disbursal of funds (or declining the application).A process oriented design enabling clients to service their customers with quicker turnaround time and much more efficient procedure than the previously developed software LOS.
TILOS has the following features:
- TILOS is flexible to cater the multi products, accounts and currencies.
- TILOS have the proper workflow from the Start to End with required customization.
- TILOS gives the option to Accept, Reject or return to previous pre-determined check points.
- It also includes the option to scan, attach, upload and download documents within the Flow.
- It is designed in such a way to, create required records automatically (Limit, Collateral, Contracts etc…)
- It has the ability to check black-listed customer’s records.
- It is designed in such a way that avails user to have multiple loan processes within a single application.
- It has the option to put on hold records and continue from that specific check point.
- Capability to capture and collect various fees and charges.
- In TILOS the summary information of all stages are available for review.
- There is an option to amend an existing LOS Application and print various forms based on the LOS application.
- TILOS have the capability to cater to SMS restrictions.
- Capability to incorporate financial details and provide outputs based on past, current and future balance sheet