Overview
What is FORCE Business Lending?
FORCE Business Lending, developed by Fyndoo, is a lending platform designed to streamline and manage financing processes for businesses of various sizes. According to the vendor, this software solution caters to a wide range of professions and industries, including banks, lending companies, credit unions,...
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Product Details
- About
- Tech Details
What is FORCE Business Lending?
FORCE Business Lending, developed by Fyndoo, is a lending platform designed to streamline and manage financing processes for businesses of various sizes. According to the vendor, this software solution caters to a wide range of professions and industries, including banks, lending companies, credit unions, leasing companies, alternative financiers, retail businesses, restaurants, construction companies, professional services, and healthcare providers. With its range of features and flexible capabilities, FORCE Business Lending offers a customizable solution for efficient loan management, revisions, changes, and monitoring, aiming to help businesses meet their financial needs effectively.
Key Features
Interest Rate Revision: According to the vendor, this feature allows for the easy processing of fixed-interest period expirations and interest rate changes for in-life loan management.
Change Loan Structure: The vendor states that this feature enables users to modify repayment types, extend loan durations, and switch from Linear Mortgage to Annuity Mortgage to meet evolving client needs.
Early Repayment: The vendor claims that this feature allows for the seamless processing of additional repayments and provides clients with the flexibility to make early payments towards their loans.
Full Repayment: According to the vendor, this feature enables clients to fully repay their loans with ease, ensuring a smooth and efficient loan closure process.
Monitoring: The vendor states that this feature allows for the monitoring of loan conditions throughout the term to ensure compliance and verify that clients are meeting their obligations.
Revisions: According to the vendor, this feature provides functionality for the periodic assessment of clients' financial situations, allowing for ongoing evaluation of eligibility and adjustment of loan terms as necessary.
Flexible: The vendor claims that this feature offers an out-of-the-box flexible solution that can be customized to meet specific requirements, providing a tailored lending experience.
Cloud Lending Software: According to the vendor, this feature provides a comprehensive end-to-end cloud lending software that covers all financing processes and is accessible from anywhere.
Open Lending API: The vendor states that this feature offers a powerful and simple event-based set of REST APIs and webhooks, allowing users to shape their open banking strategy, enrich customer journeys, and securely exchange confidential documents online.
Complex Structures: According to the vendor, this feature provides a powerful model for dealing with complex organizational structures, securities, and financing needs, ensuring highly efficient business operations.
FORCE Business Lending Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
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Operating Systems | Web-Based |