Metavante Corp., Milwaukee, has announced the launch of the Consumer Loan Origination System, which enables lenders to support all their consumer and personal loans on one integrated platform.The application is a licensed system that supports various loan types, including home equity, home equity lines of credit, auto, recreational vehicle, secured, and unsecured. The tool is a Web-based, stand-alone system that streamlines consumer loan processing by accessing customer relationship data from a lender's core banking system and additional data from external sources such as credit bureaus. The system then incorporates credit policy and business rules. The CLOS also works in tandem with Metavante's Mortgage LOS. Metavante can be found on the Web at http://www.metavante.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry