Traditional loan origination and management systems (LOMS) struggle to meet the growing demand for more efficient and user-centric lending processes. The fast-changing financial industry must shift from conventional to fully digitalized, automated loan management software. MobiFin’s webinar, “Re-inventing Lending: A Step-by-Step Playbook,” highlights the transformative power of the digital lending process. This extensive playbook sheds […]
Category Archives: Loan Origination and Management System
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Aug
Aug
While traditional lending processes serve their purpose, they fall short of reaching the unbanked, especially in remote areas. Traditional loan origination and management systems, even without the support of a digital lending platform, involve complex paperwork, in-person documentation, and higher operational costs, which can overwhelm borrowers and limit the growth of microfinance institutions. This highlights […]
