An end-to-end lending platform is more than LOS and LMS. It should cover product and rule configuration, origination and decisioning, servicing, collateral, collections, litigation, plus integration, security, reporting and accounting interfaces.
1. Product & rule configuration
Define products, pricing, tenor, limits, eligibility, interest, fees and reusable rules.
2. Origination & credit decision
Capture applications, identify customers, connect external data, assess risk, apply rules/scorecards and manage approvals.
3. Servicing & accounting events
Create accounts and schedules, calculate interest, process payments, adjust accounts and generate events for ledger/GL.
4. Collections & legal recovery
Manage delinquency, strategies, work queues, customer contact, payment, restructuring and legal escalation.
5. Shared capabilities
Integration/API, security, audit trail, workflow, reporting, document management and reference/master data should be reusable across the platform.
Frequently asked questions
Do all modules need to go live at once?
No. A complete target architecture can be defined while rollout is phased around business priorities and the existing landscape.
Can legacy systems remain?
Yes, if integration boundaries, data ownership and interface contracts are clearly defined.
Should GL live inside the lending platform?
The lending platform should create auditable accounting events/posting information. The General Ledger itself may remain in core banking, ERP or a dedicated GL engine.