Hawthorn River Digital Loan Origination System

Lending remains one of banking’s most significant revenue drivers, but many institutions remain ill-equipped to offer loans seamlessly to digital-first customers. The Hawthorn River Digital Loan Origination System is an end-to-end platform specifically designed to meet the needs of community banks, providing an affordable and integrated method to streamline digital lending. With Hawthorn River’s easy-to-use loan origination system, institutions can enhance operational efficiencies, ensure regulatory compliance and stay ahead of the digital curve.

Key Features

Workflow Management

• Order Automation: Streamline the loan initiation process, reducing paperwork and manual effort.
• Core Integration: Seamlessly integrate with your bank’s core system for a unified experience.
• Loan Documentation: Generate accurate and complete loan documentation, improving compliance.
• Tax-Form Spreading: Automate tax-related processes, saving time and reducing errors.
• Tickler Management: Never miss an important deadline with automated tickler reminders.
• Renewal and Modification: Easily manage loan renewals and modifications, enhancing customer relationships.

Compliance Optimization

• Intelligent File Cabinet: Securely store and manage loan documents, simplifying audits.
• TRID Tracking: Monitor compliance with the Truth-in-Lending and RESPA Integrated Disclosure rules.
• Real-Time Monitoring: Stay informed about loan status and progress with real-time updates.
• Real-Time Alerts: Receive instant notifications for critical events, enabling proactive actions.
• Data Validation: Ensure data accuracy and completeness, reducing compliance risks.

Management and Oversight

• Past Dues and Maturities: Stay on top of loan repayments and maturities, minimizing delinquencies.
• Loan Committee: Facilitate collaboration and decision-making with an efficient loan committee process.
• Reports and Dashboards: Access comprehensive reports and visual dashboards for data-driven insight.
• Role-Based Permissions: Control access to sensitive information with customizable role-based permissions.

Benefits

• Simplified Digital Lending
  Hawthorn River’s Digital Loan Origination System offers a seamless and user-friendly experience, simplifying the lending process for your staff and customers.
• Big Bank Capabilities for Community Banks
  This solution bridges the gap between community banks and big institutions by providing access to advanced technologies that handle various consumer and commercial loan types.
• Improved Efficiency and Productivity
  With integrated features to enhance employee productivity, your bank can streamline workflows, automate manual processes and reduce operational bottlenecks.
• Optimized Regulatory Compliance
  Stay compliant effortlessly with features that monitor regulatory requirements, track loan activity, and ensure data quality. Avoid penalties and focus on serving your customers.
• Versatility Across Collateral Types
  Hawthorn River Digital Loan Origination System covers nearly every collateral type with unparalleled flexibility, including car, commercial credits, equipment financing and real estate.
• Tailored Solutions for Unique Goals
  Hawthorn River works closely with banks to understand their specific goals and objectives. This collaborative approach ensures that their system delivers the right technology for success.