Axcess Pro Integrated Financial Product Management Functionality

Loan Management

Axcess Pro Integrated Financial Product Management Solution provides comprehensive loans management functionality. Manage your loans from origination through to settlement and rollover or discharge. If the secondary mortgage market is a key part of your current business or seen as a future goal, Axcess Pro Integrated Financial Product Management Solution has its own securitisation module allowing you to model and create an unlimited number of Special Purpose Vehicles (SPVs) and associated tranches.

Axcess Pro Integrated Financial Product Management Solution manages a wide range of loan products including residential UCCC compliant, residential non compliant, commercial, leasing and personal loans. A wide range of calculation types can be easily configured and include interest only, principal and interest or combinations of both, either in advance or arrears. Product options cater for construction, redraw, line of credit and purchase. Interest charging can be daily through to annually, in advance or in arrears.

Workflow (status)

Axcess Pro Integrated Financial Product Management Solution has a workflow management system that enables complete control of the processing of all financial products. This allows mapping of all of the steps for example that a loan application passes through when it arrives within your business e.g. application received, valuation ordered, valuation received, LMI submitted, LMI approved, approved, ready for settlement, current, withdrawn, discharged etc. These steps are created using your own terminology. You can report at any time on loans that are in a particular status or those that have been in a particular status during a specified date period.

Strict controls can be applied such that access to the loans at various workflow positions (statuses) can be controlled to ensure only authorised staff are working on the account.

In addition different workflows can be defined for to different products and at each point in the workflow you can control quality of data entry, trigger document production, create a tasks, etc as well as build in “yes” and “no” paths or decisioning reflecting your business rules and policies.

Interest Rate Categories

Axcess Pro Integrated Financial Product Management Solution uses “interest rate categories”, linked to each product. In turn for example, each loan is linked to an interest rate category. As Axcess Pro Integrated Financial Product Management Solution works off effective dates you set the date at a category level, that the new rate is to be implemented. When that date is reached all loans linked to that category will automatically be updated, This process can also be linked to processes that will automatically generate correspondence to borrowers advising of impending rate changes etc. thus making the process of changing interest rates a very efficient and easy task. Each interest rate category retains a history of rate movements.

Products

Create your own products as required. All of the generic rules for each product are part of a “product’s” properties. When creating a new loan account the user must choose a product from the list of those available. Once chosen the product populates the entire associated loan screens with default information. If the user has the appropriate authority these “defaults” can be overridden at a loan account level to tailor a particular loan product.

Use of the product defaults cuts down on user error and prevents unauthorised use of inappropriate conditions.

Financial Transactions

Axcess Pro Integrated Financial Product Management Solution is distributed with a comprehensive range of financial transactions which can all be modified and renamed if required. Axcess Pro Integrated Financial Product Management Solution also provides the functionality that allows a user organisation to create new transactions simply by setting the parameters by checking boxes on the “create transaction screen”

Axcess Pro Integrated Financial Product Management Solutions
"Tomorrows Financial Product Management Solutions, Here Today."

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