Borrower management

The Borrower Management module in QFund allows you to manage borrower related information such as - borrower registration, filing for bankruptcy, and collection of funds. Borrower registration collects comprehensive details of borrowers enabling thorough credit check, and provides for a robust collections process.

Following are the various features provided for Borrower Management in the QFund solution:

• It allows you to record the personal details of a borrower – Contact information of address, telephone numbers, employer details
• Ability to record Employer Details – Employer and Employer’s address
• Ability to record Bank Details – Bank address and Bank statement
• Ability to record joint borrower’s information
• Ability to record the References provided by the borrower
• Borrower management provides for parametric search for retrieving borrower information and conducting transactions.
• You have the provision for marking the borrower as bankrupt, to avoid providing loans to such borrowers.
• The solution provides for a comprehensive integrated collections and call management process
• Rule set-up in the business rules engine restricts the borrower to obtain loans from different store locations
• Risk assessment engine collaboration helps you to assess the credit worthiness of borrower to issue a loan
• Automated loan limit calculation based on various business rules
• The 'Mark borrowers bad' functionality marks the not so worthy borrowers bad, to avoid bad debts
• It enables transfer of borrower’s accounts from one store to another whenever requirements comes up
• Allows collection efforts to be easily monitored
• It provides for easy registration of check cashing borrowers by capturing few important details
• The borrower doesn't require to register separately for loan, to perform check cashing transactions