Account Origination

TierFives Account Origination solution for Financial Institutions (including: Private, Retail and Credit Union Banking as well as 3rd party financiers and commercial REIT agents) transitions the entire business process from inquiry, offer and acceptance. Personalize and streamline the customer experience while providing your FI with the means to improve service delivery and reduce administration costs. Our solution also drives profitability by optimally matching your FTE time and resources to actual not perceived needs and delivering the optimal financial product based on need and means.

TierFive’s Account Origination solution process initiates at the counselling and application processes for consumer loans,  real estate financing, signature loans and secured financing (auto, boat, mobile). This includes the primary creation of customer master data, accumulation of related data objects, rules based ranking scoring and quality rating.

TierFive also addresses mission critical eligibility determination and matches suitable financing products, provides the calculation of variable conditions to match even the most sophisticated clients needs we even allocate for the comparison of different variants, as well as delivering the creation of offers of credit and secured collateral contract documents. TierFive takes Account Origination to the next level by managing the completion of requirements and assembly of executed documentation for distribution.

Account Origination is one of our core solution offerings; its what we do, we know it well contact us to schedule a web demo and see what we can do for your FI.

Account Origination Process Overview:

  • Gathering Initial Application Data: customer provides required data metrics at point of origination.
  • Analyzing Customer Data and Requirements: TierFives tri-fecta engine analyzes credit-related  requirements and determines first credit assessment.
  • Matching Customer Specific Offers: system determines offers based upon need- and risk; matches optimal financial product bundles, creates repayment plan.
  • Underwriting, Risk Assessment and Validation:system performs risk analysis considers collateral, scores results, generates credit and collateral agreement documents and any related correspondence.
  • Execution Closing & Funding: system creates loan contracts and exports transactional collateral data for ingestion into the core system.