Toolyt

Lending

LOSLoan Origination System

An LOS is the software that carries a loan application from sourcing to disbursement, covering KYC, document collection, bureau and income verification, credit decisioning, deviation approval, sanction and disbursal.

An LOS ends at disbursement. Repayments, collections and closure belong to a loan management system (LMS).

The features that age well are business-user configurability of policy rules and a complete audit trail of every decision.

Full guide: Loan origination system guide

Related terms

PDDTATe-KYC

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What to read next after LOS

12 min guideLoan origination system guideA loan origination system (LOS) is the software that carries a loan application from sourcing to disbursement: lead capture, KYC and document colle...Read the guide 9 min guideCredit deviation matrixA credit deviation matrix is the table in a lender's credit policy that maps each type of policy breach - a FOIR above the norm, an LTV above cap, ...Read the guide 8 min guideFOIR explained with worked examplesFOIR (fixed obligation to income ratio) is the share of a borrower's monthly income already committed to fixed obligations, including the EMI of th...Read the guide 30-min demoLending operations demoA working demo of Toolyt's lending workflow: stage-wise login-to-disbursal TAT, deviation routing, PDD tracking and field document capture, configu...Book a session 30-min demoPartner channel demoA demo of Toolyt's DSA and partner channel workflow: digital onboarding, activation tracking, per-partner file quality and login-to-sanction ratios...Book a session

Terms used on this page

PDD - Post-Disbursement DocumentTAT - Turnaround Timee-KYC - Electronic Know Your CustomerFOIR - Fixed Obligation to Income Ratio

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