Lokyata is a data-driven tool that allows lenders to automate underwriting workflows and process more loans efficiently, without requiring additional manpower. It optimizes the lending funnel by automating tasks
and eliminating bottlenecks, ensuring a smoother and more efficient journey for borrowers from application to disbursement.
SparkLMS integrates with the best breed of third-party solutions in the lending ecosystem to run a lending portfolio easily and profitably. Lokyata + SparkLMS integration will allow lenders to monitor key metrics
such as application throughput, approval rates, and portfolio performance within SparkLMS.
What it does
With this integration, lenders will be able to:
- Automate lead qualification, assessment, and loan disbursements smoothly within SparkLMS.
- Optimize cost per funded loan and repaid loan by reducing operational expenses associated with manual processes and minimizing the risk of defaults.
- Reduce first payment defaults by leveraging Lokyata's automated underwriting to thoroughly evaluate borrower creditworthiness and mitigate risks.
- Minimize uncontactable leads through automated lead management processes, improving lead engagement and conversion rates.
- Maximize Average Revenue Per User (ARPU) and overall Return on Assets (ROA) by improving operational efficiency, reducing defaults, and enhancing portfolio performance.
Benefits
- Reduces processing times and enables lenders to handle a higher volume of loans without additional manpower.
- By reducing first payment defaults and minimizing uncontactable leads, lenders can mitigate risks and improve portfolio performance.
- Speeds up the loan origination process, allowing lenders to process applications more quickly and efficiently.
- Allows lenders to scale their lending operations more efficiently, accommodating fluctuations in loan volumes without sacrificing quality or efficiency.
- Lenders gain valuable insights into borrower behaviour and market trends, enabling them to adapt their lending strategies and stay ahead of the competition.
