01.27.2022
Newgen Software, a global provider of the NewgenONE Digital Transformation Platform, has announced an integration of Newgen’s Commercial Loan Origination Software (CLOS) with Factual Data® for seamless access to the bureau credit information.
Using Newgen’s CLOS, financial institutions are able to automate their end-to-end commercial lending process, from pre-screening, application processing, underwriting, and closing to booking in a paperless and electronically-driven workflow environment.
The integration with Factual Data® will allow Newgen’s CLOS to get reports from multiple credit bureaus along with data on liens and judgments, thereby eliminating the need for manual pulls. Furthermore, the integration will enable real-time, two-way integration with core banking and third-party systems, delivering an enhanced experience for financial institutions and their customers.
“This integration will help expand the reach of our mutual customers into the growing digital banking sector. Furthermore, it will provide them with tools to help increase efficiency and consistency in accessing credit reports and data verification services,” said Jay Giesen, President, Factual Data®.
“Aligning with Factual Data will allow Newgen to access credit and data verification services and further streamline the lending process. It will help financial institutions deliver an optimal experience to borrowers and reduce disbursement turnaround time. We are excited about this association and look forward to working together in accelerating digital initiatives for financial institutions,” said Anand Raman, EVP, and COO, Newgen Software.
About Factual Data®
Factual Data offers a diverse portfolio of consumer credit and verification services vital to the mortgage lending community and their consumers. Operating a proprietary platform with direct connections to the GSEs and a deep roster of interfaces with leading LOS and POS systems, Factual Data has the technical ability and expertise to stay at the forefront of the digital mortgage ecosystem and emerging technologies. For information, please visit www.factualdata.com and follow us on social media at LinkedIn.
About Newgen Software Inc.
Newgen is the leading provider of a unified digital transformation platform with native process automation, content services, and communication management capabilities. Globally, successful enterprises rely on Newgen’s industry-recognized low code application platform to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud. From onboarding to service requests, lending to underwriting, and for many more use cases across industries. Newgen unlocks simple with speed and agility.
www.newgensoft.com
