Loan Management System

The EPIC Loan Management System is a software solution designed specifically for online small dollar lending. It caters to both new and experienced lenders in the online small dollar lending space, including financial institutions, lending companies, tribal lending entities, non-prime lenders, and online lenders. This system is utilized by professionals in the financial industry to streamline loan origination and management processes, aiming to ensure efficient operations and potentially maximize portfolio performance.

Key Features

Payments: According to the vendor, EPIC offers a wide range of payment processing methods, including integrations with popular payment processing services. Lenders can configure payment types to meet their specific needs, aiming to provide flexibility and reliability in payment processing.

Communications: The system provides multiple communication platforms that can be tailored to suit the communication requirements of lenders. Lenders can implement marketing rules, set up reminders, notifications, and follow-ups, potentially assisting in staying in contact with borrowers and maximizing repayment efforts.

Loan Decisioning: Through integrations with third-party services, EPIC provides real-time data on banking information, creditworthiness, and fraud detection, aiming to enable lenders to make better-informed decisions on borrowers. The vendor suggests that accessing comprehensive and up-to-date borrower information can potentially maximize loan decisioning.

Robust Reporting: EPIC offers deep analytical reporting within standard reports, as well as a real-time report builder for ad-hoc in-depth reporting. The system also provides a suite of ancillary tools for more detailed analysis and deeper reporting, potentially empowering lenders with comprehensive insights into their loan portfolio.

Deep Portfolio Analytics: According to the vendor, lenders can view and analyze portfolio data using a variety of methodologies provided by EPIC. This feature aims to inform key business decisions with solid data and potentially offers insights and analysis to maximize portfolio performance.

Powerful, Flexible API: EPIC's API allows lenders to tie their own technology and third-party tools into the system. The vendor states that with secure and flexible data retrieval and modification capabilities, lenders can access data directly from EPIC products for advanced integration and customization.

Interactive Dashboards: The system offers dynamic and customizable dashboards for easy data visualization. Lenders have control over which loan reports and performance reports are viewed, potentially enabling real-time monitoring and analysis of loan performance.

Operational Workflow: EPIC enables agents to work through the entire loan lifecycle, from lead import to loan closure. By streamlining and automating loan management processes, the vendor suggests that it may increase operational efficiency and reduce manual tasks, allowing lenders to focus on core business activities.

Payment Flexibility: Lenders can easily migrate payments to another payment processor if needed, aiming to ensure smooth payment processing and flexibility for borrowers. EPIC provides the flexibility to choose the payment processor that best suits the lender's requirements.