Temenos Loan Origination System (LOS)

Hillsboro, IL - USA

Monthly Salary: Not Disclosed

Posted on: 3 days ago

Vacancies: 1 Vacancy

Job Summary

Temenos Loan Origination System (LOS)

Location: Hillsboro OR San Francisco CA

Modules and Functionalities

Temenos offers a comprehensive next-generation loan origination system designed for both direct and indirect lending featuring powerful decisioning capabilities highly configurable applications and extensive third-party integrations. The system comprises multiple interconnected modules that collectively streamline the entire lending lifecycle from application to disbursement

Core Modules and Architecture

Digital Loan Origination Module

The digital loan origination module provides flexible application experiences for both new and existing accountholders. This module includes

Virtual Capture functionality that allows quick styling and configuration without development requirements
Advanced customization capabilities through the Temenos digital platform
Open API integration for seamless connection with proprietary or third-party digital applications

Application Design and Workflow Module

This module enables financial institutions to create customized application workflows tailored to their specific loan products:
Create application designs that match loan origination workflows per product
Control data access using roles and authorization overrides
Secure data by limiting changes based on role and application status
Include automated system processes to retrieve credit reports execute models and generate documents
Execute business rules to validate data entry add stipulations and offer cross-sell products

Modeling and Decision Engine

The modeling module provides sophisticated automated decisioning capabilities:

Business Rules and Matrices: Increase automated loan decisions based on institutional policies and tolerances
Custom Ratios and Aggregates: Easily create custom calculations from system-provided standards
Business Language Editor: Intuitive tool for creating rules and matrices using application data credit reports collateral information ratios and aggregates
Risk Price and Decision Models: Build comprehensive models using rules and matrices for automated decisioning

Credit Bureau Report Processing Module

This module handles comprehensive credit report integration and processing:

Automated Credit Report Retrieval: Integration with Equifax Experian and TransUnion
Tri-merged Reports: Common view of credit data for bureau-independent business rules creation
Trade Line Adjustments: Business rules-driven adjustments and automatic calculation of missing payments
Credit Report Decision-Making: Decision capabilities on any information available in credit reports

Queuing and Workflow Management

The queuing module manages application flow and notifications:

Centralized or Distributed Queues: Design queues to match loan origination procedures
Automated Email Notifications: Generate notifications for queue assignments and processing time thresholds
Custom Borrower Notifications: Automatically generate personalized notifications to borrowers

Integration and API Module

Temenos provides extensive integration capabilities through its open architecture

Open API Access: Provides access to system functions and exposes application applicant collateral and credit report data
Digital Channel Integration: Seamless integration with ability to submit loans access business services and receive status updates
Third-party Service Integration: Greater agility in integrating new services including outsourced decision and pricing solutions
Event and Action Triggers: Support for API posts and custom code utilization through events and actions

Advanced Functionalities

Interest Rate Management

The system includes sophisticated rate management capabilities

Base Index Rate Tables: Easy rate updates and scheduling of future rate changes
Custom Rate Tables: Individual rate management for specific borrower needs

Document Processing and Management

Comprehensive document handling throughout the loan lifecycle:

Automated Document Generation: Integration with intelligent document processing
Electronic Signature Capabilities: 24/7 signature capabilities through various channels
Secure Document Delivery: Encrypted transmission with digital certification and knowledge-based authentication
Document Indexing and Archival: Automatic indexing and archival to optical systems

Cross-sell Support Module

This module enhances revenue opportunities during the origination process:

Targeted Cross-sell Platform: Delivers specific offers to qualified applicants
Automated Referral Management: Email referrals to other departments
Cross-sell Scripts: Consistent messaging for improved sales revenue
Debt Protection Plan Integration: Multiple plan comparisons to increase income

Reporting and Analytics Module

Comprehensive reporting capabilities for operational oversight:

360-Degree Dashboards: Individualized dashboards for complete institutional process view
Customizable Report Writer: Easy creation of customized reports
Advanced Microsoft Report Builder: Support for advanced reporting needs
Real-time Reporting: Quick access to real-time reports through dashboard functionality
Scheduled Report Distribution: Automatic email distribution of regular reports
Multiple Export Formats: Microsoft Excel HTML XML PDF and other formats

Lifecycle Management Suite (LMS) Integration

The Temenos Lifecycle Management Suite provides comprehensive support across the entire lending lifecycle:

Loan Origination and Processing: Complete application processing from start to finish
Servicing and Collections: Ongoing loan management throughout the lifecycle
Risk Assessment and Analytics: Enhanced risk assessment and compliance management
Digital Collector: Modern self-service portal for collections management

Performance Metrics and Capabilities

The system delivers impressive performance metrics for financial institutions:

5 minutes: Complete application to cash-in-hand processing time
70% auto-decisioning: Automated decisions for consumer loans
Days not months: Time required to launch new loan products
75% auto-decision rate: For new credit card applications
60-80% automation: Of lending decisions with AI integration
20% reduction: In charge-offs with AI-powered underwriting

Connector Ecosystem

Temenos provides extensive connector capabilities for third-party integrations

Insurance Connectors: Allied iQQ Car Solutions for GAP and MBP products
Document Management: ApplicationXtender integration for document archiving
Financial Services: Co-Op Financial Services for account creation and credit card processing
Core Banking Integration: Seamless integration with various core banking systems

Temenos Loan Origination System (LOS) Location: Hillsboro OR San Francisco CA Modules and Functionalities Temenos offers a comprehensive next-generation loan origination system designed for both direct and indirect lending featuring powerful decisioning capabilities highly configurable appl...

Temenos Loan Origination System (LOS)

Location: Hillsboro OR San Francisco CA

Modules and Functionalities

Core Modules and Architecture

Digital Loan Origination Module

The digital loan origination module provides flexible application experiences for both new and existing accountholders. This module includes

Virtual Capture functionality that allows quick styling and configuration without development requirements
Advanced customization capabilities through the Temenos digital platform
Open API integration for seamless connection with proprietary or third-party digital applications

Application Design and Workflow Module

This module enables financial institutions to create customized application workflows tailored to their specific loan products:
Create application designs that match loan origination workflows per product
Control data access using roles and authorization overrides
Secure data by limiting changes based on role and application status
Include automated system processes to retrieve credit reports execute models and generate documents
Execute business rules to validate data entry add stipulations and offer cross-sell products

Modeling and Decision Engine

The modeling module provides sophisticated automated decisioning capabilities:

Business Rules and Matrices: Increase automated loan decisions based on institutional policies and tolerances
Custom Ratios and Aggregates: Easily create custom calculations from system-provided standards
Business Language Editor: Intuitive tool for creating rules and matrices using application data credit reports collateral information ratios and aggregates
Risk Price and Decision Models: Build comprehensive models using rules and matrices for automated decisioning

Credit Bureau Report Processing Module

This module handles comprehensive credit report integration and processing:

Automated Credit Report Retrieval: Integration with Equifax Experian and TransUnion
Tri-merged Reports: Common view of credit data for bureau-independent business rules creation
Trade Line Adjustments: Business rules-driven adjustments and automatic calculation of missing payments
Credit Report Decision-Making: Decision capabilities on any information available in credit reports

Queuing and Workflow Management

The queuing module manages application flow and notifications:

Centralized or Distributed Queues: Design queues to match loan origination procedures
Automated Email Notifications: Generate notifications for queue assignments and processing time thresholds
Custom Borrower Notifications: Automatically generate personalized notifications to borrowers

Integration and API Module

Temenos provides extensive integration capabilities through its open architecture

Open API Access: Provides access to system functions and exposes application applicant collateral and credit report data
Digital Channel Integration: Seamless integration with ability to submit loans access business services and receive status updates
Third-party Service Integration: Greater agility in integrating new services including outsourced decision and pricing solutions
Event and Action Triggers: Support for API posts and custom code utilization through events and actions

Advanced Functionalities

Interest Rate Management

The system includes sophisticated rate management capabilities

Base Index Rate Tables: Easy rate updates and scheduling of future rate changes
Custom Rate Tables: Individual rate management for specific borrower needs

Document Processing and Management

Comprehensive document handling throughout the loan lifecycle:

Automated Document Generation: Integration with intelligent document processing
Electronic Signature Capabilities: 24/7 signature capabilities through various channels
Secure Document Delivery: Encrypted transmission with digital certification and knowledge-based authentication
Document Indexing and Archival: Automatic indexing and archival to optical systems

Cross-sell Support Module

This module enhances revenue opportunities during the origination process:

Targeted Cross-sell Platform: Delivers specific offers to qualified applicants
Automated Referral Management: Email referrals to other departments
Cross-sell Scripts: Consistent messaging for improved sales revenue
Debt Protection Plan Integration: Multiple plan comparisons to increase income

Reporting and Analytics Module

Comprehensive reporting capabilities for operational oversight:

360-Degree Dashboards: Individualized dashboards for complete institutional process view
Customizable Report Writer: Easy creation of customized reports
Advanced Microsoft Report Builder: Support for advanced reporting needs
Real-time Reporting: Quick access to real-time reports through dashboard functionality
Scheduled Report Distribution: Automatic email distribution of regular reports
Multiple Export Formats: Microsoft Excel HTML XML PDF and other formats

Lifecycle Management Suite (LMS) Integration

The Temenos Lifecycle Management Suite provides comprehensive support across the entire lending lifecycle:

Loan Origination and Processing: Complete application processing from start to finish
Servicing and Collections: Ongoing loan management throughout the lifecycle
Risk Assessment and Analytics: Enhanced risk assessment and compliance management
Digital Collector: Modern self-service portal for collections management

Performance Metrics and Capabilities

The system delivers impressive performance metrics for financial institutions:

5 minutes: Complete application to cash-in-hand processing time
70% auto-decisioning: Automated decisions for consumer loans
Days not months: Time required to launch new loan products
75% auto-decision rate: For new credit card applications
60-80% automation: Of lending decisions with AI integration
20% reduction: In charge-offs with AI-powered underwriting

Connector Ecosystem

Temenos provides extensive connector capabilities for third-party integrations

Insurance Connectors: Allied iQQ Car Solutions for GAP and MBP products
Document Management: ApplicationXtender integration for document archiving
Financial Services: Co-Op Financial Services for account creation and credit card processing
Core Banking Integration: Seamless integration with various core banking systems