FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / Blogs / Read Blog

Print

Northteq Announces Upgrades to Its Aurora Platform

September 12, 2023, 07:20 AM
By
Topic: Industry News

Northteq, Inc., a provider of Salesforce loan origination solutions, announced upgrades to its Aurora platform. Embracing AI technology and user-centric design, these updates once again emphasize Northteq's commitment to driving fintech forward in the equipment finance industry.

Northteq’s AI model seamlessly transforms handwritten applications into digital credit applications, while pre-configured tools expedite the entire lending process to just three minutes. Borrower authentication upgrades ensure a frictionless, compliant process and allow lenders to be ready to implement Section 1071 requirements. The enhanced credit summary offers a tailored borrower snapshot for precise decisioning.

Key feature updates include:

  • Intelligent Application Entry: Instantly populate credit applications directly into Aurora using Northteq’s trained AI model. Now, lenders, brokers, and vendor partners can take a picture of a handwritten application and securely upload it from any device or drag and drop a pdf application directly into a lender’s loan origination system in seconds. 
  • End-to-End in 3 Minutes: Out of the box, pre-configured components, like the approval matrix, scorecards, pricing tables, and more, come ready to use, cutting down implementation time for new clients. Lenders can take a deal from application to documentation, all fully automated in just three minutes on installation.
  • Section 1071 Borrower Authentication: Users can effortlessly meet credit authorization needs, modify applications, and securely upload necessary documents from any device. The platform's intuitive interface makes completing credit and compliance requirements as easy as one click. Aurora is primed for the impending Section 1071 requirements, ensuring a seamless integration for lenders to be ready when the regulations take effect.
  • Enhanced Credit Summary: Get a comprehensive picture of a borrower in a single screen. Now lenders have the added advantage of customizing the credit summary screen with the data that matters most for credit decisioning.

 

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.