The year 2024 was a milestone for us, showcasing remarkable growth in our customer base, alongside several new features and partner enhancements aimed at further enhancing the Omega Loan Management System experience.

As we welcome a New Year with ambitious goals and continued success, let’s take a moment to spotlight the top five most impressive new features of Omega:

1. TextThread – New Integrated Partner
   • Seamless two-way texting built within Omega to send customized SMS billing and late reminders, marketing messages and free form texting. Manages all compliance related aspects regarding allowed call times, opt-in, and opt-outs. Notifications for Incoming text messages are queued within our task engine and can be assigned to a group or an individual to ensure messages are never missed.
2. Repay Partner Integration: Disbursements now supported
   • The Omega / Repay electronic payment integration supports the ability to process outbound payments for integrated funding to Borrowers, Dealers and Vendors. Disbursed payments are posted in real-time.
3. RDN Integrated Partner: New Outbound Integration
   • In addition to being able to create a new RDN Case within the Omega account view repossession tab, we now offer the ability to send RDN events back into Omega automatically via a repossession note task based on user configuration settings.
4. Insurance Sub Accounts
   • Allows users to add on insurance as an other balance automatically. This allows the balance to be tracked, but interest does not accrue and doesn’t affect the contractual balance of the account. Payments posted follow a waterfall payment order, allowing the user to dictate how and when the insurance sub account gets paid.
5. OFAC Check
   • Supports the ability to search the OFAC Specially Designated Nationals list for potential customer name matches. Searches can be performed at customer entry for all ‘Active’ customers and minimum scores based on user configuration will be displayed.