360 degree cloud technologies pvt. ltd.


  • Flag_of_the_United_States


    +1 309 316 7929
  • Flag_of_the_United_Kingdom


    +44 789 703 1106
  • Flag_of_Australia_converted


    +61 4800 94870
360 degree cloud technologies pvt. ltd.

Loan Processing, Qualification, and KYC Automation in Salesforce

Loan Processing
Listen to this article

Financial institutions always work on improving customer service, so they strive for improvements in work efficiency. The most important feature they need here is process automation, and that’s where Salesforce offers them great help. Not just the basic documentation, but core operations like loan processing and KYC automation can all be handled through Salesforce.

It has been a long time that the manual and disconnected lending processes are weeded out and replaced by automated solutions that increased efficiency and reduced chances of errors.

Loan Processing and Origination System with Salesforce

For lenders, Salesforce can work amazingly to speed up their work of loan origination. Here’s how Salesforce helps them:

  • Use marketing, pipeline development, and lead generation tools when needed
  • Implement an effective nurture stream for lead progression
  • Analyze data for discovering potential leads
  • Monitor referrals for capitalizing on the most productive sources
  • Track interactions in the pipeline until the deal is closed.

Other than these features, Salesforce allows numerous features that simplify loan processing, and some of these are mentioned below:

1. Loan Processing and Qualification

Salesforce helps to aggregate the data from multiple in-house systems required for deciding on loan processing and approval. It uses real-time risk analytics to automatically decide on an application, returning the results within Salesforce. It also allows operationalizing industry-standard risk models in minutes without working on any code.

2. Transparent Lending Process

Salesforce provides agents with a 360-degree view of your customers. It even helps you unify your complete lending process, giving access to data from multiple systems within Salesforce. The centralized view gives lenders, borrowers, underwriters, and brokers a transparent view of information. This ease helps them to make a decision collectively.

3. KYC Automation and Compliance

Using Salesforce, agents in financial institutions can automatically aggregate data from internal systems, making it all available within a compliance interface built on Salesforce. The processes simplify and orchestrate end-to-end compliance, speeding up the process of KYC approvals.

Salesforce allows users with automated workflow to identify, verify, and validate customer details to streamline the process and approval/disapproval of the KYC application. 

4. Improved Reporting

Agents can use both structured and unstructured data within Salesforce, accessing on-demand analytics that speeds up the reporting process. Users can consider Salesforce integration to connect their internal systems with Salesforce to aggregate information and create reports with centralized data access using in-built templates.

5. Tailored Product Offers for Customers

Customers always expect financial companies to know what they need. Using Salesforce, financial agents can evaluate customer behavior and collate the data they need. This allows them to take a consumer-centric, not product-centric approach.

Simplify Loan Processing and Approvals with Salesforce

Salesforce has got everything that financial institutions need to improve efficiency and speed up the loan approval process. Teams in such organizations can automate their complex procession and decision-making system for credit and loan applications, handling it all within the Salesforce environment. 

Connect with us to know more about Salesforce capabilities that could improve operations in your financial institution.

Salesforce implementation