Abrigo consumer loan software provides an automated and streamlined workflow that integrates with your core to replace manual processes and improve efficiency and revenue. Our solution offers banks and credit unions the ability to quickly meet borrower demands for loan decisions through an automated workflow.
Retail lending software
Accelerate approval time and efficiency with one system that handles multiple loan types.
Financial institutions need to grow their consumer loan portfolios profitably, and it can be hard to compete without a quick decisioning process that consumers expect. Abrigo’s consumer loan origination software, which comes with our award-winning client service, equips institutions to make fast and creditworthy decisions and allows you to focus on customer or member relationshipSee it today
Features and functionality of consumer loan software
Book more loans and boost profitability with retail lending software
Nearly half of consumer lenders believe attracting new, qualified borrowers will be a key challenge in the coming year, according to Aite Group, and almost two-thirds anticipate customer retention will be moderate or challenging. With Abrigo's end-to-end digital solution you can easily attract creditworthy borrowers and provide best-in-class customer service while boosting retention rates.
Leverage a central record of customer engagement, allowing you to report accurately on the pipeline and notify lenders of upcoming tasks.
Lending Process Management
Keep consumer loan originations on track and eliminate bottlenecks with customized templates that align with your loan policy.
Automatic Loan Decisioning TemplatesUse your institution's loan policy to auto-decision certain loans, leaving time for credits needing more analysis.
Secure Document Management
Securely upload documents to the portal with ease and access anytime as needed from all branches.
Consumer Dynamic Loan Application
Easily configure the loan application to include the information your institution requires for various loan products.
Pipeline Reporting & Task Notification
With centralized data, your institution can accurately report on its pipeline and alert lenders of upcoming tasks.
Advantages of consumer loan software
Stand out in your market with a scalable, customer-centric lending platform.
By automating the consumer lending process, banks and credit unions eliminate duplicative data entry and gain additional efficiencies that lead to quick decisions and increased profitability. Abrigo’s consumer loan origination software allows financial institutions to leverage one system to support multiple loan products and obtain more insight across their consumer portfolios using unified customer information.
Systems and processes must be able to accommodate increases when loan growth is a top objective. Utilizing Abrigo's retail lending software, banks and credit unions will be able to leverage a cloud-based platform and specific templates, ensuring a consistent loan policy as the volume and footprint expand.
Multiple Loan Types on One System
Many financial institutions use several siloed, one-off systems to support various loan products. Institutions can evaluate business and personal loans on the same system with Abrigo, leading to more consistency and insights across the portfolio.
Build Revenue and Relationships
With the increased loan volume and quick decisioning capabilities automation provides, financial institutions will have more time to focus on building relationships and generating more revenue through other activities.
"All the way around, with the modules we're using, Abrigo just makes our lives more efficient. And a lot easier."
Debbie Bather, Director of Business Services, Dover Federal CU
Integrated systems with Abrigo
Streamline deposit account opening process with a digital end-to-end solution.
Consumer Account Opening
Abrigo has partnered with ProcessMaker to help financial institutions improve and automate consumer account opening. This solution enables banks and credit unions to quickly on-board customers and members with a transformed digital experience. Our end-to-end digital deposit account opening software will help create a competitive edge and build additional customer loyalty.find out more
Resources on Lending
Loan Origination Software Buyer's Guide
Learn four areas worth reviewing for each vendor under consideration when buying loan origination software.
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