Name: ApplyNow
Price: 999 USD
Author: CommonGoals Software

Help Desk

Web and Video Conferencing

Customer Support

Beta Testing

Continuous Integration

Development

Alumni Management

Education

Business Intelligence (BI)

Collaboration

Contract Analysis

Demand Planning

Emissions Management

Knowledge Management

Online Notary

Payment Facilitation

Enterprise

Accounting

Travel Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

HR Service Delivery

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

AIOps

API Design

App Development

Cloud Storage

Data Center Backup

Data Center Networking

Data Center Outsourcing (Canada)

Data Integration

Data Replication

Database-as-a-Service (DBaaS)

Enterprise Printing

Fraud Detection

Integration Platform as a Service (iPaaS)

Managed Detection and Response (MDR)

Mobile Data Security

Network Performance Monitoring

Secure Access Control

Service Virtualization

Value Stream Management

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Content Marketing

Creative Management

Ecommerce Personalization

Email Marketing

Market Research

Marketing Automation

Marketing Resource Management

Social Media Analytics

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Professional Services

Customer Onboarding

Customer Relationship Management (CRM)

Point of Sale

Predictive Sales Analytics

Sales Consulting

Sales Dialer

Sales Incentive Compensation Management

Sales Training

Sales

Virtualization Security

Security

Financial Services CRM

Hospital Management

Medical Office EMR & EHR

Revenue Cycle Management (RCM)

Shipping

eDiscovery

Vertical-Specific

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ApplyNow, developed by CommonGoals Software, is a loan origination software designed to streamline the application process for grants, scholarships, loans, and other types of funding. According to the vendor, ApplyNow offers customizable features to cater to lending agencies and institutions of any size, including financial institutions, educational institutions, government agencies, foundations, and corporations.

## Key Features

**Customizable Loan Origination Software**: ApplyNow aims to streamline the application process for grants, scholarships, loans, and other types of funding, providing what the vendor claims is an easy application process for clients. It can be customized to incorporate the brand and identity of the lending agency and manages multiple lending products and unlimited applications.

**Comprehensive Pipeline Management & Reporting**: ApplyNow allows for the management of multiple programs with unlimited applications, incorporating application fees and payments. It provides a pipeline management system for tracking application progress and generates reports to impress funders and stakeholders, according to the vendor.

**Communication**: ApplyNow aims to keep applicants informed with automated emails and real-time chatting, enabling collaboration and communication between applicants and the lending agency. It provides a chat room for real-time communication with applicants and allows for the customization of communication processes, according to the vendor.

**Document Management**: ApplyNow collects relevant documents related to the application process, aiming to expedite review and decision-making by collecting required documents. It automatically creates document checklists and requests additional documents as needed, streamlining the review process by having all documents in one place, according to the vendor.

**Rapid Deployment**: ApplyNow aims to enable organizations to deploy an unlimited number of programs with ease. It allows for the creation, configuration, and deployment of new program applications within hours, providing an intuitive designer with drag-and-drop functionality for easy application creation. The vendor also claims that the software is designed to be user-friendly.

**Bank-level Security**: ApplyNow ensures data security with SSL AES-256 encryption and is hosted in Microsoft Azure with multiple data centers. It complies with privacy legislation and provides bank-level security features such as Two-Factor Authentication (TFA) and Captcha, according to the vendor.

**Required Documents**: ApplyNow allows for the inclusion of important documents within the application and automatically requests critical documents from applicants as they progress through the pipeline. It creates document checklists to ensure all required documents are submitted and streamlines the pre-qualification process by collecting necessary documents, according to the vendor.

**Manage Applications**: ApplyNow supports unlimited applications for managing various funding types. It customizes application forms with a drag-and-drop form builder, enables eligibility screening, and real-time collaboration with applicants. It also provides customizable landing pages and application descriptions, according to the vendor.

**Review**: ApplyNow provides a dashboard for reviewing applications, tracking progress and completion of tasks and supplemental documentation. It enables real-time chat with applicants for requesting additional information or documents and allows for internal notes and assessments for final review and adjudication of applications, according to the vendor.

**Decide**: ApplyNow automates approval decisions based on custom scoring criteria and assigns committees or individuals for external/internal approval and review. It pulls credit reports and credit products for credit score assessment and aims to facilitate faster decision-making with subjective or quantifiable results, according to the vendor.

Basic

ApplyNow

Loan Origination

CommonGoals Software

The software allows lenders to manage the loan origination process, including application intake, underwriting, and approval.

Credit Scoring and Risk Assessment

This feature enables lenders to assess the creditworthiness of borrowers and the risk associated with different loan products.

Automated Underwriting

Refers to the use of algorithms to assist or replace human agents in the underwriting of loans.

Loan Workflow

Tools used by loan origination and servicing and servicing agents to streamline their workflows.

Loan Document Management

This feature allows users to store, manage, and track all loan-related documents, ensuring compliance and efficient processing.

Loan Workflow Automation

This feature helps to automate various stages of the loan process, improving efficiency and reducing manual errors.

Loan Software Integrations

This feature allows lenders to access credit reports and scores from major credit bureaus, aiding in the credit assessment process, and integrate with CRM tools and third-party databases to manage borrower relationships.

Loan Reporting and Analytics

Allows users to generate various reports and analyze data related to loan origination and servicing, helping to make informed decisions.

Financial Reporting and Compliance

Financial statements and regulatory filings

Management Reporting

Tools facilitating creation of internal ad hoc or standard reports.

Excel-based Reporting

Ad hoc or formatted reports using MS Excel.

XBRL support for regulatory filing

Support for the XBRL standard reporting format for exchanging financial data.

Data Security

Tools and features that help keep data secure from unauthorized access or internal exposure.

At-Rest Data Encryption

Data at rest is encrypted, requiring decryption to read the underlying data.

In-Transit Data Encryption

Data is transmitted in an encrypted state, preventing interception of raw in-flight data.

In-Use Data Encryption

Data remains encrypted even when stored in non-persistent storage (RAM, CPU caches, and CPU registers). This prevents access to data through malware on an individual device.

Data Redaction

The product's capability to return redacted data in place of actual data when queried. For instance, a redacted query for the phone number 555-5555 could return ***-**55.

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Loan Origination Software

ApplyNow

Overview

What is ApplyNow?