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Finastra Unveils LaserPro Evaluate

Finastra, a renowned leader in financial services software, has taken a significant leap forward in enhancing commercial loan origination processes with the introduction of LaserPro Evaluate. This cutting-edge, cloud-native solution is meticulously designed to modernize and streamline the workflow for banks and credit unions, moving beyond traditional reliance on spreadsheets or outdated technologies.

Transitioning from Legacy Systems

As institutions grapple with the challenges of an increasingly digital landscape, the need for more efficient loan processing methods has never been more apparent. LaserPro Evaluate replaces manual, often cumbersome processes with a streamlined solution that simplifies lending operations significantly. According to Mitch Lucas, the Vice President of Product Management for Retail Lending at Finastra, this new offering is tailored to meet financial institutions at their current level of operation while optimizing for future capabilities.

Core Features and Benefits

LaserPro Evaluate boasts a plethora of benefits designed to enhance both the borrower and lender experience:

• - Streamlined Loan Workflows: By reducing manual efforts, the solution accelerates the time it takes to close loans, ultimately refining customer service and employee satisfaction.
• - Cloud-Native Architecture: Built on Finastra's Total Lending platform, it provides secure and scalable operations with the added advantage of automatic updates, ensuring users always have the latest technology at their fingertips.
• - Modern User Experience: The interface is designed for ease of use, fostering a frictionless experience that enhances productivity and overall satisfaction.
• - Future-Ready and Flexible: The system supports further growth with elements like AI integration, analytics, and third-party tools, allowing institutions to stay ahead in a rapidly evolving market.

Finastra's modular approach to deployment means that LaserPro Evaluate can operate independently or in conjunction with existing components of the LaserPro Lending Platform. This flexibility allows financial institutions to analyze financial data, securely exchange documents, and scale operations as needed, reflecting the unique demands of their businesses.

Industry Implications

The demand for cloud-native origination and processing platforms is growing, particularly as banks and credit unions strive to meet the expectations of a digital-first customer base. As Craig Focardi, Principal Analyst at Celent, points out, platforms like LaserPro Evaluate are crucial for simplifying complex workflows and minimizing operational risks. Additionally, the capabilities for secure document exchanges enhance the speed and accuracy of financial analysis, which, in turn, boosts both customer satisfaction and profitability for lenders.

Conclusion

LaserPro Evaluate is not just another addition to Finastra's suite of solutions; it forms a critical part of the LaserPro Lending Platform, which is regarded as an industry standard for loan documentation management and compliance. By empowering financial institutions to more efficiently handle their operations, Finastra continues to lead the charge in delivering innovative technologies that bolster the confidence and growth of financial organizations.

For more information on how LaserPro Evaluate can revolutionize your bank or credit union's lending processes, visit Finastra’s official website.