Loan Servicing

Inteligent solution to automatically manage and track a complete loan lifecycle

Innovative, fully automated — whatever it takes to minimize risk, improve efficiency, and make lending easier for everyone involved. Automating the entire loan lifecycle is what we do best.

Compassway Digital Loan Management system offers you with an effective toolset to serve your clients of all sizes, whether you are just starting your lending business or are already an established loan provider.

Adding new items to your portfolio has never been easier - you can quickly configure a new product, conduct the appropriate tests, and reap the benefits of launching new products in days. This creative, versatile, and unified set of solutions will assist your company in meeting current and future banking difficulties.

Meeting your business needs

1. Cut operational costs by automating every stage of the loan management process.

2. Make customer experience better by introducing a user-friendly interface.
3. Increase the average lifetime value by providing an effortless lending experience.

Discover Product Details

Loan management capabilities

Flexible loan management across Retail, SME and Corporate sectors.

From disbursement through loan termination, the Compassway Loan Sevicing System automates the loan account administration activities. The Loan Servicing System manages all transactions linked to the company's maintained loans and provides a comprehensive solution for the administrative chores. Throughout the life of a loan, the Loan Management System supports both retail and corporate credit processes.

All around event handling

The Loan Servicing System can manage all forms of loan lifecycle events and transactions, can effectively handle early repayment or rescheduling, expiry, and termination. There are more than 40+ event types for different use-cases in the system. For your effective operation and utmost efficiency, these events are supported by daily calculation of interest, fees, fee handling, notification creation, and automatic collection at the due date.

Product Catalog

The product catalogue allows you to identify products . The product specification describes which parameters of a specific transaction type are fixed and which values can be modified within a certain range. You can freely create customised product structures, and getting a new product or idea to market has never been easier.

Flexible repayment structure and Fee

The system has a very customizable repayment structure generator built in, which includes annuity and other repayment calculations. The feature can do the following:
Take care of the repayment conditions and deadlines.
Encourage the payment of interest and fees on a regular basis. 
In the calculation, use the interest rate change dates.
Take care of the grace period.
The system can apply fees to any event that happens during the lifecycle of the loan.
The fees are:

  • Flexible fee and commission definition by product type, transaction type and client segment;
  • Various fee calculation methods: fixed or percentage combination.

Compassway revolutionizes customer onboarding with these advantages

The system can be easily integrated with various tools and core lending systems.

Machine learning significantly improves credit decisioning accuracy rate.
Well-designed mobile applications with efficient functionality.
Providing reliable preconfigured third-party integrations needed for digital lending.

Smart servicing automation to suit any lender

Banks.
Financial Enterprises.
In-house Lenders.

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