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Glossary: Loan origination software

Loan origination software is a software designed to automate the process of loan application, underwriting and disbursement.

Loan origination software is used by financial institutions, lenders and other organisations to automate and streamline the process of originating loans. Loan origination software can handle a variety of tasks, such as managing loan applications, verifying borrower information, calculating loan terms and rates and generating loan documents.

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Deko is a trading name of NewDay Technology Ltd, registered in England and Wales (company number 08812602). NewDay Technology Ltd is an Appointed Representative of NewDay Cards Ltd for the purposes of providing credit broking services. NewDay Cards Ltd is authorised and regulated by the Financial Conduct Authority (FRN 682417).