About Megasys
We provide customizable software platforms for finance companies of every size, from startup businesses to major corporations. Our clients service 3 million active accounts and have processed over 2 million applications, with $9 billion in transactions.
Streamline Your Process On A Loan Management System
When it comes to loan handling, leveraging technology can be a great way to streamline the process. Whether you are a small business or a large financial institution, there are many reasons to use a loan management system. Automating the loan origination process has a number of benefits for financial institutions. First, it helps reduce the risk of loan fallout. With automated loan origination, lenders can analyze the borrower’s options and make better prequalification decisions. Secondly, it makes loan processing faster and easier.
Automation allows financial institutions to increase their loan processing capacity and productivity while reducing the number of employees needed. This allows them to handle a greater volume of loans and improve customer satisfaction. For example, automating the loan origination process allowed banks to increase their loan processing capacity.
Automate The Loaning Process, It’s Better For Your Business
Automating loan origination also improves data lineage, data integrity, and overall governance. The current manual process can be time-consuming and inconsistent, which can impact underwriting standards and costs. Automated systems simplify the process by automating data entry and the underwriting and funding process. Leveraging cloud technology and artificial intelligence can further automate the process, providing lenders with access to real-time financial data. Automated loan processing also ensures that employees are aware of loan status changes. The benefits are clear for both lenders and borrowers.
Leveraging technology to automate loan handling will allow financial institutions to improve the customer experience and increase profitability. In fact, new technologies will help banks automate more of their processes, including evaluating the borrower’s capacity. Automated financial spreading solutions will help shorten this process and provide more speed and volume. The application of these solutions will cut down operational costs and buy-back risk. Furthermore, automated loan processing can increase productivity and can also reduce risk. It also helps lenders reduce compliance and operational costs. This means that the borrower’s application will be processed faster. Consult one of our experts today on which loan management system will suit your business best.
INDUSTRY SOLUTIONS
The Omega system works well with many industries. If your business type is not listed, please contact us to inquire about how Omega may work for your specific needs!
Testimonials
I am very happy to have made the move to Megasys. It has simplified my everyday routine. Being able to take care of everything from one software has made working a breeze. I love being able to just pull up my laptop and make sure that everything is running smoothly. Being able to manage my finances, post payments, run reports, track the vehicles, all from 1 place it just couldn’t get any easier than that.
The entire support team has been very responsive to our questions as a new Omega user. The loan servicing functionality is easy to use, which is the most crucial piece of our business.
During the past 17 years, both our bank auditors and state auditors have been impressed with the amount of data, which have made all the audits easy to manage.
If you are currently using some type of packaged software during your day to day business and are looking for an upgrade to that software, Megasys is the way to go. Megasys has provided us with a valuable tool for our company’s needs and has streamlined our business model.
Steve Pittler
President, Friendly Finance Corp.
Take a chance on it and you won’t be disappointed, we searched for a long time to find the right system. Megasys was like jumping 20 years from our previous system.
Megasys provides excellent service and the support team is easy to reach out to. The system is very complete and reliable!
Our conversion to Megasys was overall seamless, the installation team was always there to help with any issues we had. Overall, we are happy with choosing Megasys as our software provider.
Michelle Kerzic
Office Manager, Thrift Investment
The ability to easily add integrations is fabulous! The staff at Megasys are awesome!
Very professional staff and great customer service, they patiently answered all the questions we had. They exceeded all of our expectations.