Loan Origination System

At a Glance

PRIMORDIUM – Loan Origination System (LOS) is a web-based application to support Bank and Multifinance in managing the Credit Approval Process. It is armed with built-in workflow technology to control and monitor the various work steps in the loan processing in order to reduce the delays and inefficiencies in handling credit application. It offers many benefits to you such as:

  • Faster Application Processing
  • Improved Document Management & Archiving
  • Consistent Quality of Credit Approval
  • Integration with Mobile Device (Android & iOS)
  • Integration with SLIK, PEFINDO, and other Black List Reports.
  • Real-time Application Status Tracking

Primordium Solution Map

Loan Processing Workflow

The most essential feature of PRIMORDIUM – LOS is its Workflow Engine. It is the heart of the system. Each loan application is monitored from the time it is entered into the system, and tracked through the various work steps of credit review and approval process. PRIMORDIUM – LOS allows these work steps to be performed in different locations while maintaining control of the flow and making sure no required steps are being missed.

Supported Loan Products

New loan types can easily be added to support virtually all type of loan products. PRIMORDIUM – LOS supports Finance Lease, Consumer Finance, Micro, SME, Commercial, and Corporate Loan. Financial institution can quickly define a new loan product to create a competitive advantage without awaiting system change.

Common Tables & Parameters

PRIMORDIUM – LOS provides flexibility through a set of user definable tables and parameters. Frequently changed variables are centrally kept in common tables and can only be modified by authorized users, thus providing control and security protection.

Integration with Internal and External Credit Checking

PRIMORDIUM – LOS can interface to internal and external system to retrieve information of existing customers, e.g. Customer Information File (CIF), Credit Card, Loan System, and Credit Bureau (SLIK/PEFINDO) data. When sales staff calls up the registration module and fills in the applicant’s ID number, PRIMORDIUM – LOS will retrieve the customer information from the back-end system if the applicant is an existing bank customer, and then populate on the screen immediately. Information updated also can be uploaded to the backend system.

Credit Scoring

The use of statistical credit scoring is a more systematic approach to make approval decision and is now generally adopted as the preferred credit granting approach. The credit scoring mechanism automatically calculates the score of an application based on the information entered and the scorecard used.
Integration with Mobile Devices (Smartphone & Tablet)
PRIMORDIUM – LOS is designed with the ability to connect and integrate with most mobile platforms (Android & iOS). The features available include New Application, Survey, Approval, etc.

Letters & Form Generation

Letters and forms are generated in PRIMORDIUM – LOS automatically upon completion of certain task, e.g. loan approved or rejected. PRIMORDIUM – LOS will integrate application data with pre-defined letter templates to generate and print the letter automatically. Letter template can be prepared and easily changed in MS word.

Application Status Enquiry

PRIMORDIUM provides sophisticated search criteria interface to allow users to make application enquiry. In application status enquiry, PRIMORDIUM – LOS can provide information on which work step where the application is pending at the moment, e.g. waiting for certain supporting document or waiting for loan approval. This is particular useful for customer service representatives to handle enquiry from the customer. In addition, there is a work history associated with each application. It records down all the activities done on the application starting from when an application first enters the workflow till processing completes.

Alert Engine

PRIMORDIUM – LOS is equipped with real-time Alert Engine to enable seamless integration with SMS Gateway, Email Server, and Fax Server.

Integration with Imaging & Document Management System

With PRIMORDIUM – LOS paper documents can be scanned into the system once they are received. The scanned image can be converted to database using ICR (Intelligent Characted Recognition) technology to minimize input process or keeped in form of image file. Then the electronic images are available and can be shared by all users immediately. All processing including verification, review and approval can be done with these electronic images displayed side by side with the application record on screen. This eliminates the delay in paper folder routing, which is always the bottleneck in the application processing. Electronic folders, similar to paper folders, will be created for each individual application to hold images of all the forms and the supporting documents. Images displayed on the screen can be zoomed, panned, scrolled, or rotated for convenient viewing.


There is a set of comprehensive reports provided with PRIMORDIUM – LOS. It includes MIS reports, loan progress reports, drawdown reports, workflow statistic reports, etc. Moreover, PRIMORDIUM – LOS offers a data export function that users can create reports to meet their own unique requirements.

More Information

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