Newgen Software Inc., a global provider of banking software solutions, announces the integration of its Business Process Management (BPM) based Commercial Lending Automation Solution (CLAS) with Real Estate Information Management System (RIMS) from ExactBid. Users will be able to leverage the capabilities of RIMS for Appraisal Management, eliminate multiple touch points, reduce wastage of resources, and control data quality, according to the company’s release.
Newgen's Commercial lending solution combines its domain expertise with industry best practices that is required in a commercial lending solution. It automates and streamlines end-to-end lending cycle for the full range of loan types (C&I, CRE, SBA) from prospecting, credit origination, underwriting, approvals, disbursement and servicing in a paperless and digital-enabled workflow environment. The platform is available both as on-premise and cloud-based delivery models.
"Newgen is well recognized for their expertise within the marketplace and we could not be more excited for what this means for our industry," ExactBid CEO Matt Cotter said in the release. "The integration between Newgen and RIMS provides another layer of efficiency for our customers to optimize their workflows and reduce loan to close times."
“This partnership will enable Newgen's Commercial Lending Solution users to significantly cut down on data entry tasks,” Newgen Software, Inc. Sales and Marketing Vice President Anand Raman said.