Optimized Technology. And Opportunity.

Flexible architecture. Customizable modules. Built in-features to move your business forward.
LoanPath comes equipped with the following features:

Rules Engine
Workflow and Flexible Business Process
Business Entities
Search Capabilities
Work Queues
Localization
Comments Facilities
Versioning
Auditing
Flexible Fields
Transactional Integrity
Security Framework
Privacy and Encryption
Connections to Other Business Systems
JAR 168 Compliance
AJAX Validations

Rules Engine

LoanPath’s Rules Engine separates what happens from why it happens.

By implementing business logic in the Rules Engine, businessanalysts–instead of developers–can  change the application to meet their needs. This significantly reduces cycle time and greatly improvesadoption amongst a distributed user base. Rules can be built for everything from approval requirements, to credit limits and securitycredentials.

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Workflow and Flexible Business Process

LoanPath's core workflow engine, based on the industry standardBusiness Process Execution Language (BPEL) specification, allows internal experts—not developers—to model and simulate workflows.Partners that have standardized on BPEL can integrate their workflowswith those of LoanPath to create a true end-to-end process.

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Business Entities

The business entity framework in LoanPath allows for complex,dynamic relationships between actors (borrowers and grantors) andobjects (assets, lines of credit, exposure, loss pools, real property,building and workflows).

This feature allows the entire transaction to be monitored, whileindividual workflows handle the appraisals, pricing, credit approvals, and documentation. It helps speed the management of sophisticatedtransactions that may use corporate guarantors, multiple financial instruments, and differing types of collateral.

And with role-based access, each business entity can be set up toallow users to have view-only access or more complete editingprivileges.

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Search Capabilities

Perspectives are an important part of any business user's day.Everyone needs to see information a little bit differently. The searchand queue framework within LoanPath allows groups of users to havecustomizable queues, and select which columns are important to them.

Whether users are interested in credit quality, transaction type, ortotal exposure, this feature allows those needs to be met—without coding. Plus, filling the queue is just as dynamic with very flexiblesearch options on almost any entity in the system.

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Work Queues and Task Management

LoanPath enables shared work queues to complete the high volume of credit management tasks. The work queues are dynamic and can be saved with complex search criteria that allows for either:

  • Narrow, targeted work queues with skills-based routing
  • Wide search queues using simple criteria such as transaction amount or geographic location

More importantly, queues can be constantly updated: Tasks can beadded, removed, or even reallocated as new users sign into the system.

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Localization

LoanPath is designed to support multiple languages, multiplecurrencies, and multiple locales. These localizations are part of thebase product and can be turned on at implementation.

  • Multiple Languages - All LoanPath fields, error messages, andnotifications are sent in English, but can be made to appear in anylanguage as part of the product implementation.
  • Multi-currency - LoanPath supports the entry of transactions in anycurrency that is set up as part of product implementation, and tags acurrency field with the appropriate currency code. It also easilyhandles the European convention of using a “,” in place of “.” toindicate decimal fields.
  • Multiple Locales - As some regions of the world read from right toleft, LoanPath can be rendered in the manner that fits the needs of aspecific locale.

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Comments Facilities

Often the incidental data associated with a transaction is lost oreven worse, never recorded. By allowing comments to be attached to anyentity, LoanPath ensures that every communication between theenterprise and their customers can be logged and searched.

Examples include assets (remarketing notes), borrowers (discussionsabout financials), or approval (notes for future compliance audits).LoanPath Enterprise features an easily extendable database so thatcommon data points captured in comments can be added as searchable,auditable data.

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Versioning

Data versioning is essential to an enterprise credit management(ECM) system. ECM is often used as a method for enforcing compliancenot only with internal underwriting guidelines, but for governmentalregulations.

LoanPath supports these dual objectives by allowing for configurableversioning on almost any object. Credit applications, quotes, programs,workflows, rules, and assets all support versioning.

Versions can be made at pre-defined points in the workflow, and canhelp ensure that most critical information is maintained. Data on aversion is preserved for historic reasons, and cannot be altered orchanged.
This feature, along with LoanPath’s logging capability,enables an enterprise to replay any transaction exactly as it wasconfigured—in order to verify the integrity of a decision, and satisfyOCC and other regulatory and internal compliance requirements.

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Auditing

Compliance is often the driving factor behind an enterprise creditplatform. LoanPath eases the compliance burden by allowing for auditingat the field or object level. Combined with the versioning framework,this feature allows for detailed analysis of how designated objectswithin the system evolved during their lifecycle.

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Flexible Fields

Minor changes to the application are often required to meet businessneeds. For these quick fixes, LoanPath's flex field implementation allows for minor changes to the data model and presentation layer. Flexfields are supported in multiple data types including simple fields,radio buttons, check boxes, or drop down list boxes.

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Transactional Integrity

Globally distributed transactions present a unique problem for anenterprise credit management platform. Often a single transaction (suchas a Credit Application) can have multiple people working on it inseparate locations. Simply locking a transaction will ensure that thetransaction doesn't become corrupted, but can cause a drastic drop inproductivity.

LoanPath's optimistic concurrency allows for transactions to belocked at varying levels, allowing multiple users to work on a single transaction without stepping on each other's work.

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Security Framework

Security must permeate an enterprise credit platform, and LoanPathallows for extremely granular control of every operation within thesystem.

With no coding required, security can be enforced at the field,panel, or tab level. Read-only access, edit access, or hidefunctionality is also supported at each level.

This framework is integrated with the event system feature allowingit to be controlled by the document management engine, rules engine, orworkflow engine. Also, separation of roles is supported—requiringcertain changes to be approved by another user before being committed.

This feature can help with complex scenarios like:

  • Not allowing certain fields to be modified once a transaction reaches a specific status
  • Not allowing identified user groups to see a credit score panel

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Privacy and Encryption

The regulatory environment around privacy and encryption is constantlyand rapidly changing. LoanPath anticipates this and supports theimplementation of unique security policies based on geographicattributes. The persistence layer also has native supportencryption—allowing any field to be designated as encrypted, andinsuring compliance with regulations such as California's SB1386.

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Connections to Other Business Systems

With XML at its core, and most functions exposed through WebServices, integration of LoanPath with legacy systems is a structuredand easily achieved practice.

LoanPath can integrate with multiple external systems. For example:

  • Credit Bureaus - Experian, Equifax, TransUnion, D&B
  • Back office systems - Oracle Lease Management, Infolease, AFS Paralender
  • Pricing Engines - SuperTrump

These external systems can either feed data to LoanPath, or take in data feeds from LoanPath.
LoanPathalso supports the newest web services protocols for true enterpriseintegration-including two-phase commits, authorization, andchoreography. All entities within the application are represented asXML, and can be accessed via SOAP.

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JAR 168 Compliance

The panels within LoanPath are industry standard JSR-168 compliantportlets. This allows for easy embedding aspects of the LoanPathEnterprise application into other enterprise applications.

Even more importantly, JSR-168 compliance allows finance company’spartners to embed part of LoanPath within their own application. Thisbuilds a truly extended enterprise and provides a level of customerintimacy and retention not before possible.

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AJAX Validations

AJAX (Asynchronous JavaScript and XML) Validations allow data to bevalidated in near real-time as a user enters information into an HTMLform.

With client-side logic, field-by-field validation ensures thatby the time a form is submitted to the server, all validations havetaken place and clean data is sent to the database.

  • All validations are shown upfront as the user enters data into theapplication providing real time feedback as soon as they navigate out afield.
  • AJAX also enables and disables fields based on the application/transaction type reducing irrelevant data entry.

AJAX Validations also help with the high latencies that can existwhen deploying a centralized application to country offices with lowbandwidth connections.

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LoanPath Demo
Gain more insight into LoanPath. Request a demonstration