What is Juris Origination?
Juris Origination is a loan origination system that automates the entire loan application and approval process. The system drastically simplifies the process from application, scoring, evaluation, underwriting, approval, acceptance, documentation, up to disbursement.
It is designed to be flexible and configurable for retail, corporate and commercial origination. Engineered with JurisTech's workflow engine and a drag-drop GUI that is easy to use even for those without coding knowledge. Juris Origination is built on a powerful and robust approval workflow engine which caters to the business objectives of different types of financial institutions.
Types of Financial Institutions
Traditional Banks
Digital Banks
Development Financial Institutions
Credit Leasing & Hire Purchase Companies
Marketplaces
Crowdfunding Institutions
Moneylenders
Co-operatives
Traditional Banks
Digital Banks
Development Financial Institutions
Credit Leasing & Hire Purchase Companies
Marketplaces
Crowdfunding Institutions
Moneylenders
Co-operatives
Why Juris Origination?
One-stop solution for end-to-end loan origination life cycle
Robust straight-through processing, that covers everything from data input, pre-screening, credit-scoring, approval process, documentation, acceptance to account creation, disbursement for insurance, conventional loan, and Islamic financing.
It's multi-touchpoints framework allow you to receive and process applications from branch front-end desks, marketing campaigns, online forms, etc., thus increasing your customer reach.
Offers the best financing deals instantaneously
Juris Origination's built-in program lending templates allows you to easily create and introduce new financing products or change existing product parameters to suit customer's needs.
It is also equipped with an outstanding financial computation and simulation engine enabling you to simulate the best financing products and deals for your customers.
Maximises revenue through accurate and fast approvals
The system's data capturing, integration, simulation and evaluation capabilities will help your business forecast customers' credit worthiness, leading to intelligent and accurate decisions. On top of that, automate the routing of financing applications for faster approval rates with a flexible multi-level approval matrix.
Be part of a holistic digital ecosystem and eliminate redundant work to achieve operational efficiencies
Facilitates real-time collaboration between financial institutions, valuers and solicitors through a single, unifying platform.
Juris Origination is designed to cater for a hassle-free interface with all other systems, such as the core banking system, electronic documentation system, collection system, and loan management system.
Core Functionalities
Ease of Use
- Web-based
- User-friendly
- Easy set up to configure business definitions and reject rules
Compliance
- Shariah-compliant
- Multi-rate structure support
- Multi-lingual and currency support
Automation
- Automates document generation
- Notifications via SMS, email, system message, letter generation
Productivity
- Turnaround Time (TAT) feature to track activity time in the process
- Real-time analytics dashboard
- Comprehensive reporting
Smart Decisioning
- Next best action recommendations
- Prescriptive analytics
Connectivity
- Multi-channel loan application
- Designed to interact with other systems
- Integrates with external rating systems
Power Juris Origination with the Latest Capabilities
Optical Character Recognition (OCR) & PDF Text Extraction
Accurately capture and extract data from documents of any formats to fast track the entire credit evaluation process.
Bank Statement
Analysis
Understand the customer's financial profile and behaviour by analysing data in bank statements.
Artificial Intelligence & Machine Learning
Leverage alternative data to expand your products/services to credit-invisible customers. Crunch huge volumes of customer data to verify customer's creditworthiness.
Explore JurisTech’s Origination Suite
Get started with Juris Origination today.
Related Insights
Juris Origination Management (JOM) grabs Premium Usability and Rising Star Awards from FinancesOnline Directory!
Juris Origination Management is a web-based Loan Origination System (LOS) built on a flexible, yet robust approval workflow platform which is designed to shorten the time required for product deployment.
AI Use-cases in Loan Origination
When billions of dollars are at stake, even a “small” or “incremental” improvement using AI and behavioral analytics can potentially save a bank or financial institutions millions in the long run.
What makes Juris Origination Management (JOM) so special?
Find out what JOM is, how we’re doing origination better than others, and why.
Other References
We also provide end-to-end management of the customer from loan origination to collection. For more information, you may refer to:
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