It's a fact. The credit management landscape has been massively transformed in recent years. Technology has played a major role since the constant advancements continue to create higher customer expectations and the change of their behavior when it comes to their experiences across industries.
After years of siloed operations and manual processes, the need for creditors to deal with the increasingly complex market is now becoming critical. Loan administration systems are essential in today’s lending and loan servicing operations as they streamline their processes. These systems can enable the efficient management of a loan by covering all the stages of its lifecycle.
Today creditors including retail banks, alternative lenders, debt purchasers, and loan servicing companies require a robust solution to enable them to navigate the changes in the loan servicing sector.
QUALCO will support end-to-end loan portfolio management by providing:
Enriched loan functionality for performing and non-performing loans with restructuring, rescheduling, interest billing, and collection options.
Simplified system integration with open and flexible architecture through APIs.
Decrease in time to market of new products and delivery of functionality.
It supports the management of performing, non-performing, and terminated portfolios.
[Whitepaper] Breathing Space