Automated Loan Management from Approval to Collection
Get loan approval and collection processes, communication and analysis automated, tailored to your own loan management needs.
Critical Pain Points in Loan Approval Programs
Nobel transforms loan approvals through AI-driven workflow automation, no-code process modification and adherence to the highest security standards, addressing the struggles of borrowers and lenders. By automating verification processes, creating a drag-and-drop process modification interface, and an application tracker. Nobel speeds up application review time by 75%, reduces development cost by 80%, at a 100% compliance rate with security standards. Bringing technology to wealth management, making secure and faster approvals happen at larger scales.
Lack of macroscopic perspective
Loan managers must monitor high-level performance indicators, e.g. number of outstanding loans issued, % of loans past due, % of amounts successfully recovered, for optimising resource allocation.
Fragmented communication
Loan managers have loaded communication work to ensure timely repayments and minimise delinquency risks, from contacting customers to repay, coordinating internal collection staff, transferring high-risk accounts to collections partners, to documenting borrower disputes.
Bothersome application process
Applying for loans involves navigating frustrating hurdles. First, borrowers face excessive physical paperwork demands, requiring ID proof, income verification, etc. Second, the underwriting process is painfully slow, typically taking 30-45 days. Third, poor communication plagues the experience, as borrowers would often learn about last-minute rejections only after submitting all required documents.
Building quicker, easier and safer loan approvals
Lenders : Automated No-Code Workflow
Automated verification and follow-ups
Automating document evaluation and follow-ups helps reduce management effort and turnaround time for each application. Processing time per file can be reduced from 7+ minutes to under 30 seconds, a >90% time reduction.
Drag and drop process editor
Modify approval processes with a drag-and-drop mode that requires zero prior technical experience, reducing development time by 90%, and up to 70% savings in development costs using no-code.
Performance Indicator Dashboard
Track key metrics like total active loans, delinquency rates, cases handled per collector, and average resolution time to enable data-driven decision-making. Driving a 20% reduced delinquency rate, 20% lower cost per recovery, 35% more cases resolved per agent.
One-click message sender
Generate personalised and specific messages in seconds. With one click, send system-triggered reminders (SMS/email) to borrowers, announce Internal handoffs to specialised teams, and refer high-risk accounts to external agencies.
Borrowers : Smooth and well-informed application
Comprehensive Application Tracker
Track paperwork submission(e.g. “Bank statement of 2024 left.”) and application progress(e.g. “Pending”, “Approved”), to ensure completion at every verification stage and know their application status right away.
Auto-sent notification
Auto-send reminders and details (i.e. submission of missing information, rejections)so that applicants are well-informed at every stage of the application process.
Game Changer.
Nobel tracks operational, strategic, and predictive KPIs to measure success. We let the numbers speak for themselves.
Exclusive features
1
Highest standard of data security
Adherence to the highest standard of security, PCI DSS, ISO/IEC 27001
2
Expediate document verification at large scale
Filters and verifies 1000+ applications at 75% quicker speed
3
No technical experience required
No-code allows anyone with zero experience to automate and develop better approval processes
