Audience
Loan and mortgage companies seeking a solution to manage their operations
About Technicost LOS
The loan process should be as stress-free and pleasant as possible. That’s where our Loan Origination suite (LOS) comes in. Designed specifically for Canadian Credit Unions, LOS is a full-service software with fully integrated third party. which will cut the time to complete the loan in half (or even a half of a half). No longer a daunting task, Technicost makes learning your clients’ loan eligibility fast, simple and extremely efficient. With our fully integrated system, you can do it all yourself. In just 20 minutes you’ll know if your customer is eligible for a loan and for exactly how much, leaving you more time on your hands than you might know what to do with. Long lunch break? Think of it as a simplified, one-stop shop for credit unions, allowing you to oversee the status of all pending loans, and reduce document preparation costs and processing errors. But that’s just the tip of the iceberg.
Other Popular Alternatives & Related Software
Origins
Whether in a branch or online, the Origins Suite is the fast, most powerful, and most flexible solution for growing your credit union. Designed by and built for credit unions, it uses modern, agile technology to optimize your existing back-office processes and assure healthy, future-proof growth. Origins take advantage of modern technology and a simple interface to streamline the account opening process, so your members can sign up in less than half the time. Don’t lose loan applicants because the process is complex or takes too long. Our simple, quick platform makes applying easy, whether it’s an existing member or a new one just signing up. Origins offer easy back-office management that supplements your current system. It integrates smoothly into all your existing membership and loan processes. Our quick and intuitive application is over twice as fast as the industry average. Modern, simple technology to open new accounts anytime, anywhere.
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ABLE Platform
ABLE Platform is a multimodule web software that covers the entire loan origination and loan management processes.
The following modules are included:
- Landing page - to attract new borrowers.
- Borrower portal - to serve actual borrowers.
- Self-service portal - to manage the whole enterprise activity.
- Back-office - the core of the platform to manage incoming loan applications, service disbursed loans, configure the loan product catalog, built-in dashboards and more.
The platform automates the lending process throughout all the stages:
- Initiation of omnichannel application
- Consolidation and restructuring of debts
- Negotiation with customers
- Application decision-making
- Personalized offers
- Automation of the loan disbursement
ABLE Platform serves any type of loan:
- Payday Loan
- Personal Loan
- Point of Sale Loan (POS)
- Buy Now, Pay Later (BNPL)
- Mortgage Loan
- Home Equity Loan
- Auto Loan (Car finance)
- Student Loan, etc
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MeridianLink Mortgage
MeridianLink® Mortgage is an award‑winning mortgage loan origination solution built to help banks, credit unions, and independent mortgage banks reduce costs, streamline workflows, and grow efficiently. The platform’s modern architecture combines a configurable LOS, a digital‑first borrower POS, built‑in analytics, and deep third‑party integrations to accelerate decisioning and close loans faster. Features include integrated pricing engines, debt optimization, paperless eClosings, broker and correspondent portals, no‑code workflow configuration, open APIs, seamless core connectivity, and hundreds of trusted integrations. Best‑practice defaults and expert administrative support help institutions launch quickly, scale operations, and deliver a seamless borrower experience.
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OpenClose
Whether you close 50 loans per month or 5,000, our LOS and its native mobile app allow your Loan Officers to enhance efficiencies and reduce costs. With OpenClose, you’ll open smarter and close faster! The OpenClose LOS, LenderAssist™, solves the challenges banks, credit unions and mortgage lenders have with today’s other commercially available loan origination systems. The result? More and more banks, credit unions and mortgage lenders are turning to OpenClose than ever before. OpenClose understands that you operate your mortgage business in a profit-pinched, regulatory-intense environment and that you need a mortgage LOS that helps you address these challenges and surpass expected ROI. That’s why we designed our software as a 100% browser-based, end-to-end, omnichannel solution that:
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Pricing
Starting Price:
$500 per month
Integrations
No integrations listed.
Company Information
Technicost
Founded: 1982
Canada
www.technicost.com/products/los-loan-origination/
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Product Details
Platforms Supported
Cloud
Training
Documentation
Support
Phone Support
Online
Technicost LOS Frequently Asked Questions
Technicost LOS Product Features
Loan Origination
Amortization Schedule
Audit Trail
Customer Database
Digital Signature
Fee Management
Loan Processing
Online Application
Closing Documents
Compliance Management
Document Management
