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What is Newgen Retail Loan Origination?

Revolutionize your retail loan origination process by implementing a flexible and responsive consumer lending application that aligns with our digital transformation strategy. This initiative will significantly improve the digital experience and provide features like automated underwriting, instant decision-making, and efficient exception management. Create a smooth and straightforward loan disbursement process for various financial products, including credit cards and personal loans, eliminating any manual involvement. Leverage digital collaboration tools for more complex loans, such as HELOCs and home equity loans, to facilitate faster turnaround times. Utilize a real-time dashboard to effectively track processes, pipelines, and overall productivity levels. By automating every component of consumer loan origination—from loan applications and underwriting to decision-making, closing, and booking—you will transition to a fully paperless environment. This advanced lending platform promises straight-through processing, resulting in quicker loan approvals and disbursements from financial institutions, which will ultimately boost customer satisfaction and enhance operational efficiency. Additionally, embracing this cutting-edge approach will help you optimize your lending operations, ensuring you remain competitive in the rapidly changing financial landscape while meeting customer expectations effectively.

What is C2 Covalent?

Covalent is a cloud-based loan origination platform designed to streamline the process of digital onboarding for consumers, as well as for commercial and mortgage applications, encompassing automated underwriting, credit structuring, and compliance management, which includes HMDA data collection and adverse action letter handling. The system's user-friendly interface ensures that your associates can start using it almost immediately, with training taking only a few minutes. With your analyst serving as a helpful guide, you can easily adapt the loan origination automation to align with changes in your lending policies without the need for software developers. The intuitive design, along with predefined product types and customizable modules, has made C2 Covalent a favorite among lenders, allowing you to focus more on nurturing customer relationships rather than extensive training. Additionally, the platform offers flexibility in reporting, enhances customer wallet share, and significantly reduces time for your analyst, ultimately contributing to a more efficient lending process. Embracing this technology could transform your lending operations and improve overall satisfaction among your team and clients alike.

Media

Media

Integrations Supported

Equifax BusinessConnect
FICO Origination Manager
Microsoft Entra ID
OneSpan Sign

Integrations Supported

Equifax BusinessConnect
FICO Origination Manager
Microsoft Entra ID
OneSpan Sign

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Newgen Software

Date Founded

1992

Company Location

United States

Company Website

newgensoft.com/solutions/industries/financial-institutions/lending-loan-origination/consumer-retail-lending/

Company Facts

Organization Name

C2 Systems

Date Founded

2014

Company Location

United States

Company Website

go-c2.com

Categories and Features

Loan Origination

Amortization Schedule
Audit Trail
Closing Documents
Compliance Management
Customer Database
Digital Signature
Document Management
Fee Management
Loan Processing
Online Application

Categories and Features

Loan Origination

Amortization Schedule
Audit Trail
Closing Documents
Compliance Management
Customer Database
Digital Signature
Document Management
Fee Management
Loan Processing
Online Application

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