Lending Administration Solution

Descriptions

A loan system & administration solution is required whereby one supplier could potentially cover some or all of the below processes:--A loan management system that is able to:oPay a loan in quarterly installments (Drawdown)oHandle different interest rates, interest holidays, deferred interestoHandle drawdowns (installments) that do not happen on the same date each quarter and variable terms of contracts. oProduce automated customer communications including statements of account, arrears letters etc.oForecast interest & capital repayments based on actual and forecast drawdownsoProduce automated reports for IUKL for different needs i.e. daily, weekly, quarterly and AdhocoA portal where a customer can check their loan balance, ask questions or make early repaymentsoThe system must be API enabled to allow connection to IUKL's existing systems.-Know Your Customer (KYC), Anti-Money Laundering (AML) capability to run checks on directors of UK based businesses, with some directors potentially being based outside of the UK. These checks should have little burden to the end customer (company director) but should be robust enough to comply with the highest level of diligence for this activity. -This solution could potentially be cloud-based-A suitable level of security certification will be required i.e cyber essentials, ISO27001 - this will be determined at a later date