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by jess-zhang
975 days ago
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1) see response above 2) a lot of existing solutions such as loanpro are good at supporting "vanilla" credit products, but tend to struggle with "chocolate & sprinkles on top" like configurations. we've talked to so many companies who told us that after they purchased these existing solutions, but had to spend another 3-6mths+ of engineer resources to configure it to their use case, and even that is still quite brittle with more manual involvements. these configurations impact the entire loan cycle from origination, APR calcs, state rules and many more. for example, repayment cycles pegged to salary schedules, irregular 1st payment date, balloon payments, min payment for lines of credit, etc. |
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