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Loan Origination Software Buyer’s Guide

Software for managing the loan portfolio can range from spreading and credit analysis through impairment analysis or sale of the loan. In most cases, the adoption of such software requires a change in process as well as an investment from the financial institution. In addition to total cost of ownership, what other considerations should an institution have for evaluating potential software and its vendor? In this guide, we present four, major areas to review for each vendor under consideration:

  1. Company Background
  2. Software Functionality
  3. Implementation & Support
  4. Information Security