Transform Your Small Business Loan Origination for Faster and Profitable Deals

  • Compassway’s small business lending automation means one system can offer a smooth borrower experience for multiple loan products on the front end with an easy-to-use process on the back end.
  • CompassWay 's small business LOS is an out-of-the-box solution with built-in configurability.
  • Deploy small business lending automation software within weeks and improve profitability and scalability.
  • Full Sandbox Environment. Free 15-day trial.
  • Sign-up

How CompassWay Can Help

  • Sales & Marketing Increased visibility and a new channel for client acquisition Increase Cross-Selling Opportunities and reduce Income Leakages
  • Operations Reduce operation costs by eliminating duplicate data entry

  • Loan Risk Management Streamline credit risk assessment and approval workflows to make faster, well-informed credit decisions in individual, commercial, and SME lending. Automated decision-making powers instant approvals so you can say yes to the right customers in real-time

Key Features Small Busness Lending Software

Integrated Due Diligence

KYC and AML procedures work together to ensure that financial institutions can identify and verify the identity of their customers, assess the risk associated with those customers, prevent financial crime, and comply with regulatory requirements. Seamless integration and analysis with three-party systems for identity verification/ authentication, fraud check, and blocklist check

Omnichannel Submission

Flexibility to customers to apply online, in-branch, or through call centers, save/resume applications from any channel, and access self-service portals for document upload and status tracking. With an omnichannel onboarding and loan origination solution, you can reduce customer dropouts, speed up the customer welcome process, and validate digital identities.

Streamlined Processes

By providing a single platform for loan origination, underwriting, servicing, and reporting, reducing the time and effort required to manage loans., and delivering a best-in-class experience for your clients and team – for any loan product. Streamline processing, automate decisions, and make it easier to share customer documentation. Deliver omnichannel capabilities and support real-time applications through our customer-facing portal.

Configurable Loan Application Flow

A convenient loan application editor allows you to create loan application workflows in a few clicks without the need for coding and special skills. Starting the lending process quickly and being able to make changes while the system is running is our priority.

Self Service Repayment

Borrowers can efficiently perform various account-related activities, including making and scheduling payments, setting up autopay, customizing their payment plan, accessing statements, updating account information, and more. It also makes it easier for frequent, timely messages.

Grow Your Small Business Portfolio

By combining a user-friendly borrower experience with swift decisioning, your financial institution will be able to put pressure on the competition while also meeting the vital finance needs of these small enterprises in your region.

Dashboard, Email & SMS Notifications

Our loan software is pre-configured for quick integration with email and SMS services. You can set up notifications for borrowers and employees to keep track of every step of the loan process.

Back Office Review Workspace

Lenders' dashboard workspace to view pending and assigned loan requests. Ability to view abandoned applications and initiate reminders/assign them to the contact center team.

Document Management

All loan documentation and statements are automatically generated and readily managed. Specify detailed standards for borrower and loan document collecting, which will be replicated across the platform immediately.

Achieving Real Result for Every Role

CHIEF EXECUTIVE OFFICER

Responsible for overall business strategy, CEOs can leverage Compassway ’sl lending software to ensure cost efficiency while maintaining credit compliance, managing risk, and overseeing credit growth. All of this enables them to deliver a greater ROI to stakeholders, including customers, employees, and partners.

  • Increased profitability and revenue
  • Higher volume of loan originations
  • Higher volume of loan originations
  • Rapid deployment for a faster ROI

CHIEF LENDING OFFICER

Leveraging a strong commercial lending solution, CLOs may maintain a healthy portfolio mix, drive market penetration, and save costs with a focus on monitoring and expanding credit. They can now manage stakeholder relationships and guarantee a quicker ROI thanks to this.

Simplified communication using digital portals.

  • Automated decisions for small-value loans
  • Greater frequency of first time-right processing

CHIEF OPERATING OFFICER

COOs are responsible for optimizing operations, preserving efficiencies, and guaranteeing real-time visibility and transparency across all processes. Compassway's l loan origination software can help companies manage documentation, loan servicing, funding, and closing more efficiently, among other things.

  • Improved productivity and an optimized workforce
  • Centralized document access and processing
  • Reduced operational costs
  • Enhanced application tracking and monitoring

CHIEF RISK OFFICER

CROs responsible for maintaining compliance and minimizing risk can protect their organization by implementing robust loan origination software. The platform can assist CROs in managing credit risk, controlling risk distribution, ensuring effective risk rating, and much more.

  • Enhanced portfolio risk monitoring and mitigation
  • Dynamic credit risk modeling
  • More effective risk rating models and scorecards
  • Improved data governance and management

CHIEF INFORMATION OFFICER

CIOs have a significant role in charge of providing technical progress and modernization. They can create and install innovative or enhanced systems using lending origination software while assuring scalability and agility to support business objectives.

  • Highly Configurable Platform, SaaS deployment
  • More robust data analytics and a centralized repository for data and documents
  • Ease of integration with core and third-party systems
  • Lower maintenance costs

WHAT CUSTOMERS SAY

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