Introduction

CL Loan is an end-to-end loan management solution built natively on Salesforce that efficiently handles loan servicing, collections and portfolio management reporting under one robust and secure platform. It is a loan servicing product in the Cloud Lending suite. You use CL Loan to maintain all your customer information and business offering details. CL Loan can either be integrated with your existing origination platform or with Cloud Lending Solutions in-house origination and underwriting platform, CL Originate. You can also integrate CL Loan with CL Collections , our advanced collections solution that enables lenders to define and automate their collection process.

Key Features

The following are some of the key features of CL Loan:

• Built Natively on Salesforce, CL Loan leverages the security and flexible business engine of Salesforce.

• Supports entire loan cycle which includes Origination, Underwriting, Servicing and Collections, thus aiding in end-end loan cycle management.

• Automates billing and payments.

• Improves the turnaround time drastically across all customer interaction channels, thus improving collaboration.

• Leverages real-time analytics, customized reports and dashboards based on user preference.

• Subledger transactions.

• Integrates loan servicing and repayment with mobile platforms, thus making it mobile ready.

Key Benefits of CL loan

Following are some of the key benefits of CL Loan:

• New lending products can be configured instantly.

• Automated process results in a quick change in loan terms.

• Faster time-to-market enabling rapid response to new product opportunities; resulting in higher profits.

• Real-time update of loan transactions.

• A single system of record for all your transactions, anytime, anywhere.

• Built-in security, hassle-free upgrades and access to storage available with Salesforce.

• Reduced technical, operating, and servicing costs.