Destiny Consumer Lending

…not just an LOS anymore…
Destiny now supports Consumer Lending as well
– within the same system.

Gone are the days of needing separate software for residential, consumer, and commercial lending. Destiny now supports all three business channels in a single software system. We’ve leveraged the other powerful support systems within Destiny so that you can now easily manage not only mortgage and other consumer loans but also commercial loans.

With Destiny, each department can still operate autonomously if desired, yet all of the data is available for cross-sell purposes, tracking and reporting. No more importing or exporting and no interfaces to disparate systems – or expensive modifications to your core banking system. Everything is self contained in your MS SQL or Oracle database. This eliminates hours and hours of IT support issues since Destiny becomes your one and only system of record.

And Consumer Lending is included in your Destiny system with no additional license fee.

Consumer Supported Loan Types

Just like Residential (LOS) and Commercial, Destiny’s Commercial loan programs utilize our unique Product Manager, which gives you the ability to easily create and maintain your own loan programs. Since your lending guidelines are built into the Product Manager, the system will tell the end user which loan products are available for the given loan requests. No more mistakes or missed guideline issues. In fact, any type of guideline can be built from any field or combination of fields, including any custom fields that you want to create.

The following are just some of the types of Consumer Loans that can be supported in your Destiny system:

Auto	Motorcycle
Installment	RV
Credit Card	Payday Loans
Installment	Single Pay
Installment	Skip Payment
Boat	Others

Compliance is the Key…

Compliance is guaranteed through our interface to Compliance Systems Inc. (CSi) IntelleDoc Solutions™. The IntelleDoc Solutions include a suite of software compliance components incorporating static and dynamic document libraries, automated document selection, customized disclosures, a document customization tool, and 50-state compliance logic for lending transactions.

CSi IntelleDoc Solutions™ provide advanced intelligence to the lending transaction while operating seamlessly as part of your Destiny system. Loan data is sent in the background from Destiny to CSi and the required documents are made immediately available. If any data is missing, it will be flagged by the IntelleDoc system and your user(s) will be prompted. Gone are the days of countless final reviews to make sure that all of the required documents are being presented.

Loan stipulations and loan covenants are easily tracked and can be auto-defaulted based upon built-in business rules. Just like other business channels in Destiny, you can administer the system from the top down – hence eliminating subjectivity and costly mistakes from the lending process. Your users will be automatically prompted for required information and the work queues will drive their daily activity scheduling.

Destiny’s Product Manager enables you to setup any loan parameters to meet state, federal (military) or individual lending requirements. As with any other Destiny loan product, you can set minimum and maximum loan amounts. Credit scoring and risk adjusted pricing can also be accommodated, and Destiny supports full tracking and reporting. Any user defined fees can be applied to the loan. While Payday loans seldom utilize A&H or Life credit insurance, you can tie these to the loan if desired.

From a setups perspective, you can configure Consumer loan interest based upon any of the following:

Calendar	Actual Day Type	Divisor
360	Actual Each Day	360
Actual	Actual No Leap / 360	365
Actual - No Leap	Actual No Leap / 365	365 / 360
Corresponding Day	Actual / 360
Federal	Actual Full Period
	360/360

Contact INTEGRA to find out more about Destiny’s Consumer Lending.