Date post: | 19-Dec-2015 |
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Enquiry Management & Loan Application ProcessingEnquiry Management & Loan Application Processing
(EMLAP)Enquiry Management & Loan Application Processing
(EMLAP)
EMLAP
• Tool to capturing Loan Enquires at source & processing further till Approval / Rejection of the Enquiries.
• Capture of data in pieces directly into the system with out filling up documents like Worksheet or PEF (proposal Evaluation Form).
• No waiting for complete info- staged Data capturing• Various of Media of capturing data• Various Channels of Capturing data• Still Consistency & Controls are maintained• In EMLAP DO printing will be after completion of
approval of the application.
EMLAP-Advantages• No Duplication of work (data collection, manual
preparation & data entry in system) . Data captured directly in to the system.
• Less chance Data entry mistakes• Tracking of Rejection along with reason available in
the system• Deviations are recorded and can be analyzed to relax
/ restrict the conditions• Oriented towards Paperless processing – BHHD /
DMS link • As data is captured instantly, Month end pressure
for fresh data entry is removed. Only few new data are to entered in the system during month end for completing the application
• Speed problems due to bulk data entry and bulk validations are eliminated
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