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Loan Origination Systems support the processing of consumer loan applications from the initial application through underwriting to final funding in the core accounting system.
.The selection process centered around those vendors with mature products, globally recognized innovation, and multiple large - scale installations with major financial services institutions.
.In particular, this report looks at multi - country, enterprise - level loan origination systems that support both retail consumer and mortgage credit products.
Therefore solutions that target a single country market or exclusively focuses on consumer loans or mortgage loans were not featured.
This report also focused on vendors supporting conventional loans but also asked vendors to identify their ability to originate Islamic loans