Understand how FinStack's No-Code Loan Origination System is built using only FOSS technologies and securely deployed on the lender's cloud.
A Loan Origination System (LOS) is a software solution that automates and manages the end-to-end process of loan origination, from application intake to KYC, underwriting (assessing if borrower is credit worthy), approval, and disbursal. It helps financial institutions streamline their lending processes, reduce manual effort, and make faster, more consistent credit decisions.
The entire solution, borrower data and third party API calls are sourced at the lender's cloud. This ensures that your credit policies, borrower data, user roles and process information never leaves their premise.
FinStack's microservices are deployed as docker containers allowing multiple options for orchestrating the same. Lenders can use Docker Swarm, Kubernetes, Mesos or used managed service like AWS Fargate, Azure Service Fabric etc. The images for the container are also stored in the lender's container registry of choice.
Blog link: FinStack Deployment & Architecture