IA Systems Loan Origination Solutions: StreamLend Velocity and Sound Software

We know that one size simply does not fit all.
That’s why we offer you Loan Origination Solutions.

At Open Solutions IA Systems, we are committed to innovating the lending process by bringing advanced technology, integrated custom solutions and a knowledgeable staff of lending experts to the financial services industry.

We understand that every client has different goals and objectives. Our mission is to provide flexible solutions to meet your specific needs. Our flagship product, StreamLend Velocity is the perfect fit for larger credit unions that demand a more robust solution. We are also proud to offer Sound Software, the perfect fit for many small- to-mid sized credit unions. 

We’re confident our broad array of products offers the features and benefits you need to help you to fulfill your lending landscape. That’s why we strive to be your Center of Excellence for loan origination.

StreamLend Velocity
StreamLend Velocity is our flagship loan origination system for business and commercial, indirect, consumer and home equity lending.

We’ve taken the core competencies and knowledge-base of our lending expertise and created an amazing array of features that will fast forward you into the future of lending. Key to StreamLend Velocity is its powerful modular structure, housing an array of credit, decision and forms engines built on .NET, XML software architecture and open standards based technology. This is the lending power behind the simplicity of our user-friendly browser interface. The result is a powerful, next-generation lending system with out-of-the-box templates reflecting industry best practices that are attractive and refreshingly intuitive to use.

StreamLend Velocity’s configurable workflow options allow you to customize the system for your specific work and business needs. For example, you can assign applications to specific loan officers, by type of loan or by loan amount.

Seamless integration to your host processor and third-party vendors means you don’t have to spend time uploading loans.

Robust features and functions allow you to customize your own business rules into the system, satisfying your institution’s risk management practices.

Browser-based means no desktop deployment. Once implemented on your server, your IT staff will be able to maintain StreamLend Velocity from one central point-of-access, saving you time and money.

Our exclusive, built-in optical imaging technology provides completely paperless lending, including digital signature and e-signature capabilities.
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StreamLend Velocity Business and Commercial Lending Solution

We offer a comprehensive, Web-based business lending service module that easily integrates with StreamLend Velocity. Our Business and Commercial Lending module will help you build long-term member relationships, increase member satisfaction, increase loan processing productivity and increase loan offerings. Application, financial and collateral data are captured for individuals, businesses, guarantors and authorized users and presented in credit, decisioning and funding views that make it easy for you to enforce loan policy guidelines.
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StreamLend Velocity Indirect Lending Solution

Loan processing can be completely automated and customized to the way you do business.  With Indirect Lending through StreamLend Velocity, an application from the dealership becomes a loan application that is processed, credit scored, priced and decisioned, all based on your rules and criteria. Indirect Lending will return an answer to the dealer, fund the loan and prepare the documentation for closing in a matter of seconds.  Auto Decision guidelines or rules are input into the StreamLend Velocity lending platform, the end-to-end solution for application processing, automated underwriting, risk-based pricing and credit tiering.  
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StreamLend Velocity Consumer Lending Solution

StreamLend Velocity’ full service Consumer Lending Solution is completely configurable to meet your needs and objectives. Powerful “Velocity Engines” for forms, credit, assignment, conditions and decisioning gives you a lending process tailored to your business rules. Now you can approve more consumer loans and fund them faster.
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StreamLend Velocity Home Equity Lending Solution

Home equity loans are a natural extension of the traditional home mortgage loan process. Our Home Equity module in StreamLend Velocity can be used for originating and processing home equity loans through the booking stage. This module accommodates both open-ended products, such as lines of credit and closed-end loans, as well as fixed and adjustable rates.

Sign up for a personal demonstration of StreamLend Velocity.

Sound Software

Open Solutions Sound Software is an integrated loan origination application for mortgage consumer, and commercial lending. Our enabling technologies are designed to help enhance your lending profitability by reducing operating costs and increasing staff productivity. Sound provides the functionality and flexibility that small-to-mid sized credit unions are looking for in a loan origination application.

We help you make the most of your assets and relationships by allowing you to manage your pipeline more effectively, introduce new loan products more quickly, close more loans more efficiently and provide better service to your members.
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The Sound Mortgage Management System™
Your Total Mortgage Management Solution
The Sound Mortgage Management System provides total mortgage lending management through a comprehensive set of features. It automates your mortgage process from advanced disclosures, prequalification, origination, document preparation, processing, loan tracking, underwriting, commitment and closing, to full management and government reporting. The system can automatically book loans to your in-house or outsourced servicing system.

Fully wide-area network compatible throughout all your branches and with capabilities for remote origination on laptops and over the Internet, the Sound Mortgage Management System is the fully automated solution for your mortgage lending department.
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The Sound Consumer Loan Management System™
Your Total Consumer Loan Management Solution
The Sound Consumer Loan Management System is powerful, comprehensive and customizable – a valuable new asset for your institution. Our consumer lending system takes you beyond mere doc prep – handling your loan processing, tracking, underwriting, reporting and government reporting requirements.

This full-service processing system handles the required loan application information, performs the needed calculations and prints the required documents from initial application to security agreements and notes. Its Custom Form and Letter Generators let you design, set up and print your own customized forms, documents and correspondence. The Sound Consumer Loan Management System is the fully automated solution for your consumer lending department.
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The Sound Commercial Loan Documenter™
Your Total Commercial Loan Management Solution
The Sound Commercial Loan Documenter manages the commercial loan origination process from the creation of commitment/proposal letters to the final production
and tracking of complete document packages for any small-business to middle-market loan including: C&I, Commercial Real Estate & Construction, SBA and more.

The software was developed and is supported by experienced commercial banking lenders, lawyers and technical staff. This effectively extends the efficiency of your loan operations area.
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For a personal demonstration of Sound Software, contact us at: iasales@opensolutions.com.

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For more information on any of our Loan Origination Solutions call: 1-800-803-7554 extension 283.