CL Marketplace™

Accelerate Online Lending

CL Marketplace™ is a cloud-based marketplace application specifically designed to handle the complexities of managing the entire online marketplace loan cycle including online origination, loan fractionalization, servicing, and managing multiple investor portfolios. Its open architecture enables lenders to quickly configure solutions that fulfill evolving market and regulatory needs. CL Marketplace also accelerates the delivery of capital, improves access to lending alternatives, and enhances the borrower experience.

 

Complete Solution – Manage the loan cycles from online origination, loan grading, and marketplace funding to fractional investing and fractional payments.

 

Origination – Manage the complete online origination process from taking the application, verifying identity, and pulling third-party data to running credit checks and scorecards for complete auto-decisioning and pricing.

 

Manage investor funds including loan investments, orders, and fractionalized payments during servicing.  Automate investments across multiple borrowers based on loan grade exposure limits.

Make changes quickly to conform with evolving regulations and business processes.

 

Servicing and Fractionalization – Manage borrower billing, payments, delinquencies, and other servicing tasks. Payments are automatically disbursed to investor’s accounts based on their share of the loan.

Here’s What We Can Do For You

Origination

  • Application: Online application, verify identity, pull third-party data, and run credit checks
  • Auto-Decisioning: Use configurable scorecards for complete auto-decisioning and pricing
  • Funding: Scored loans are presented for funding to investors and investors can manually or auto-invest their shares based on their defined risk criteria

Investor Management

  • Investor Funds: Manage fund movements, investment orders, and fractionalized payments
  • Multiple Borrower: Automated based on loan grade exposure limits or manually invested
  • Servicing: Automatically calculate the investor’s fractionalized payment shares and disburse to the investor’s account

Fractionalization

  • Servicing: Loan servicing manages borrower billing, payments, delinquencies, and other servicing tasks
  • Payments: Manage payments via cash, check or ACH — NFS, late charges, and other fees are automatically applied
  • Disbursal: Payments are automatically disbursed to investor accounts based on investor’s fractional share of the loan

Features

Loan Fractionalization

Assign multiple investors to the same loan and automatically split repayments back to investors based on predetermined rates

API Support for Portal

Build responsive borrower and investor portals with our APIs to facilitate marketplace transactions and foster transparency

Investor Management

Create new investor profiles and manage entire investor portfolios

Multi-Channel Origination

Auto and manual decisioning based on custom business rules and configurable workflow management

Manage delinquency and collections

Create collection strategies, manage promise to pay, and manage collection queues

Multiple Credit Bureau Integration

Pull credit reports of borrowers from DataX, Experian, Transunion, and Equifax

Auto Mix & Match

Automate the investment process for your investors

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