Cloud Lending at the 10th Annual Loan Origination Excellence Conference, 2015

Loan Origination Excellence 2015, a two day event hosted in Sydney, Australia, concluded last week with a discussion around the disruption in loan origination technology that benefits end consumers. The highlight of the...

Gary Shepherd 12th March 2015

Loan Origination Excellence 2015, a two day event hosted in Sydney, Australia, concluded last week with a discussion around the disruption in loan origination technology that benefits end consumers. The highlight of the conference, and something we address at Cloud Lending, was how the digital and data influx is now a part of the on-going change in home loan origination. Consumers are increasingly keen to engage lenders through digital dialogue via online channels, and expect easier, flexible and less cumbersome processes to access credit. The industry is striving to keep pace, and is searching to find the right balance of streamlined origination without losing service-critical customer touch points.



Some of the key topics discussed were:



a)    Streamlining and automating processes to reduce costs and remain competitive, and



b)  Leveraging data and analytics to better understand customer needs and compete more aggressively.



loan-origination-excellenceThese topics resonated with major banks, credit unions, mortgage firms, and other financial institutions. These institutions are looking for an end-to-end solution that can provide flexibility to their loan solutions, while improving customer satisfaction. Innovative solutions such as Cloud Lending offer the flexibility to provide an easier borrowing process for consumers. Banks have two great options with Cloud Lending Solutions. They can focus either on the first step with our loan origination application, or on making the entire loan management cycle more agile with our complete suite of applications that supports origination, underwriting, servicing and collections in the cloud.



Another highlight was the announcement of Arxxus Technology (http://www.arxxus.com.au/) as Cloud Lending’s global implementation and distribution partner, expanding Cloud Lending’s footprint to deliver a world class non-bank lending platform in Australia and New Zealand. With this partnership, customers can free themselves from their on-premise solutions, grow revenue and deliver new products at an unbelievable speed and scale.



The Australian FinTech market is looking for disruptive technologies for quality, efficiency and profitability, and Cloud Lending is addressing the industry with our solutions. Here’s to looking forward to providing more loan origination excellence to the market!

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