Home » Blog » Benefits of Valenta Loan Processing from Loankit
LoanKit is a mortgage aggregation service that provides the flexibility to select the tools and services best suited to your business. It is a simple software solution backed by a team of in-house experts. It’s as easy as browsing the internet, with minimal training
Why Valenta LoanKit?
Just a few of the reasons why to choose LoanKit are listed below.
- Sophisticated and simple to use CRM
- Requires minimal training
- Very comprehensive compliance support.
- Communicate with the client directly via LoanKit
- Fully Integrated commission system.
How Valenta LoanKit works?
- Loan processing becomes easier as the data is moved through CRM and the application.
- Provides a platform to create and generate NCCP docs as per the Lending Authorities’ requirement.
- Documents can be saved on LoanKit, providing options for lender-required documents and NCCP required documents keeping the compliance needs up to date.
- Aids with Purchase price calculation considering all the costs involved.
- Generates borrowing capacity report helping to understand the maximum amounts with different lenders.
- Provides Product sheet & product comparison report based on requirements, for completing the research for the best product and lender for the customers.
- LMI calculations, Refinance calculations, Repayments, Total cost calculation can be done without breaking a sweat
- Credit Report can be generated via Loankit
- All the lender documents are available on the LoanKit which can be accessed with ease.
- Communicating with clients becomes easier, as with LoanKit we can send email/SMS to clients directly.
- Can view the loan status of the file and keep a track of the file
Features of LoanKit:
COMPLIANCE Â
- The inbuilt Compliance tab will be able to help with everything that needs to know about being compliant under NCCP.
- Allows easy creation, generation & saving of the NCCP docs.
- Documents can be saved on LoanKit providing options for lender-required documents and NCCP required documents keeping the compliance needs up to date.
COMMISSION
- A fully integrated commission management system.
- An ability to easily track the commissions.
- Automate the payments to loan writers and referrers.
- Reports generated by LoanKit alert you to missing commission and help you to
plan and forecast your revenue/growth.
CRMÂ
- A simple understanding Dashboard, pipeline view, activities view, contacts helping to keep track of the customers and deals
- Allows to customize to suit as per the requirements, one can save data and search when required.
- It has powerful tools such as Quick qualifier, product comparison tool, refi comparison, LMI calculator, Total loan cost calculator, inbuilt email/messaging services.
- SMS/Email reminder features help to keep in touch with the customers.