White Paper: 7 Reasons to Put the Loan Origination System (LOS) in the Cloud
Many financial institutions are hindered by their loan origination systems (LOS), often unable to meet the demands of today's environment and the consumer who wants to engage whenever convenient. A cloud-based LOS can quickly demonstrate an automated lending workflow with a simple user experience, along with the ability to apply customized business rules for workflows and queues.
Read on for 7 reasons to modernize loan origination in the cloud, and ensure faster funding and approvals for borrowers, higher application volumes for the institution, and the simplicity and convenience of 24/7 mobile access for both borrowers and lenders.