LAPS
by Salem Associates
LAPS, or Lending Automation Processing System, is a comprehensive loan origination and management system including workflow, risk analysis including ratios, document management, etc. It is a truly integrated solution covering the full lending cycle. LAPS can handle Personal, Construction and Commercial lending. It is extremely scalable, serving organizations from 2 to 2000 branches and more - it can grow to match the customer's number of branches/locations.
- Amortization Schedule Preparation
- Audit Trail
- Automatic Funds Distribution
- Collateral, Insurance & Tax Tracking
- Collections Management
- Compliance Management
- CRM Integration
- Custom User Interface
- Customer Database
- Customizable Accounting System
- Customizable Fields
- Customizable Functionality
- Customizable Reporting
- Data Import/Export
- Database Integration
- Historical Loan Information Access
- Industry Specific Configuration
- Late Payment Notifications
- Legacy System Integration
- Loan Consolidation
- Loan Process Automation
- Loan Submission Management System
- Mobile Access
- Multi-Currency
- Multi-Language
- Multiple Lending Products
- Online Application Acceptance
- Pricing Management
- Rate Tables
- Reporting
- Rules Customization
- Scheduling
- Security & Encryption
- Serves Automotive Industry
- Serves Construction
- Serves Mortgage Industry
- Structured Settlements
- User Defined Scoring
- Workflow Management
Available on the following platforms: Windows, Web Based, Open Source, Linux/Unix
Support available: 24/7, Online/Self Service
About Salem Associates
Year Founded: 1994
Location: Georgia - United States
Number of Customers: 32
Industries Served: Banking and Finance
