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Loan Origination

Process Orchestrator

The Powerful Omnichannel Orchestrator

What is CRIF Foundation Framework?

CRIF Foundation Framework is a flexible, agile and innovative suite of business process management (BPM) tools: a framework designed to address digital transformation and a powerful omnichannel orchestrator built on the latest cloud architecture. It is successfully used in credit origination processes, engagement, connector orchestration, case management, remote real estate appraisal, and more. It automates the end-to-end processes, from data capture to approval and booking, orchestrating manual activities through workflow and document management, connecting participants and integrating all systems involved to meet an organization’s credit processing needs, either with a pre-defined or a custom-tailored solution.

 

Why it matters 

CRIF Foundation Framework tracks each step of the process, including status and who-did-what-when, providing complete control and maximizing straight-through processing. It can support any geography, channel, credit product, market segment and any lending instrument across the entire enterprise. 
Productivity and best practices are embedded within the process composition technology, making the framework highly open and ready for API and Open Banking support.

Origination Modules

CRIF Foundation Framework includes different modules to automates the end-to-end origination process, from data capture to approval and booking, by orchestrating manual activities through workflow and document management, connecting participants and integrating all involved systems. This enables an organization to meet its credit process needs with either a pre-defined or a bespoke solution.

Origination modules tracks each step of the process, providing complete governance, control and maximizing straight-through processing. They provide full support for all geographic locations, channels, credit products, market segments and lending instruments across the entire enterprise.

Additionally, productivity, best practices and reusability are facilitated by the embedded ‘brick-based’ process composition technology. The Origination Modules are an open framework with full support for API integration and the Open Banking initiative.

The CRIF Loan Origination Solution process is inspired by the CRIF best practices manual, which rationalizes the complexity of a credit process into a reduced set of macro-phases, each including modular and extensible functionalities, such as the Customer View.

 

Key Benefits

  • Control

    Online tracking, full traceability, and integrated KPI/SLA measurement to ensure compliance with internal policies and regulations.

  • Multi-country

    Native tools to support multi-culture and multilingual solutions. One installation to serve many countries.

  • Modular

    Using modern technologies and based on microservices that guarantee modularity and scalability. Decouple business process management from decision management.

  • Connector framework

    Data integration via REST and SOAP, with native StrategyOne workflow integration and ready‑to‑use connectors for sources like Credit Bureau and Business Information.

  • Digital platform

    Utilize an innovative mechanism to manage direct customer channels and deliver a seamless, low‑rework experience across them.

  • Access to CRIF professionals

    Support through consulting, setup, training, customization, and ongoing maintenance, enabling the adoption of ready‑to‑use solutions like the CRIF Loan Origination Solution.

Success Stories

How we helped our clients unlock their potential

  • Credit origination platform for retail loans

    The client needed to automate loan origination process while improving multichannel experience and automatic approval.

    • Fully automated origination process
    • Automatic approval integrated with bank portals

    +300%

    Volume of applications

    55%

    Savings in underwriting capacity

    -50%

    Time to Cash

  • From a standard to an advanced origination solution

    The client needed to automate the credit process and integrate pre-existing databases. 

    • Automated Credit Process
    • Service Oriented Architecture based on Workflow and Decision/Rules Engine
    • Integration of a common database

    -10 bp

    Cost of Credit

    -38%

    Time to Cash

    -24%

    Print and archive costs

  • Automated rating and Decision Engine for car financing across multiple countries

    The client needed to automate the rating process while implementing a decision engine and reducing the costs

    • New Decision Engine
    • New Workflow

    +10%

    Increase in Automated Approval

    +15%

    Increase in application decisions in 15 minutes

    - 25%

    Running Costs

Main Features

A visual tool that lets teams design and test business processes without coding, speeding up delivery and reducing IT dependency.

This feature provides a dynamic case management tool for end-users such as branch operators, credit analysts and back-office staff. It enables them to carry out their processing tasks efficiently and effectively using worklist and electronic document management. Supervisors and managers also use features to monitor and improve the operational performance and to modify the worklists.

The CRIF Foundation Framework Business Administration Console (BAC) provide a web-based interface for administrative tasks in the solution such as user management, profiles and roles, organizational structure and diagnostic tools and many other configuration functionalities.

The framework connects seamlessly with all of a company’s digital channels through omnichannel REST APIs, ensuring a smooth communication between users, services, and applications. It supports responsive front‑end experiences, B2B integrations with partners and brokers, and a standardized way to orchestrate processes across every channel. Reusable web components can be embedded in both internal workflows and external apps, reducing development time and accelerating access to digital services.

It keeps a constant detailed record of activities carried out throughout the CRIF Foundation Framework. The organization can define the business data that is kept in the records and administrators can interrogate the logs on demand to extract data or produce formatted audit reports.
Comprehensive auditing is essential for compliance and regulatory requirements.

The framework offers powerful integration capabilities, allowing business users to connect external services through standard protocols like SOAP and REST without relying on IT teams. It includes native integration with StrategyOne, enabling decision rules to be updated instantly, without redeployments and without disrupting operations.

A rich and constantly expanding catalog of nearly 60 ready‑to‑use connectors gives access to data sources such as credit bureaus, anti‑fraud systems, real estate services, and other CRIF solutions. New connectors can be developed quickly, ensuring fast, flexible, and scalable integration across the entire ecosystem.

Discover CRIF's solutions for loan origination

Loan Origination

Open Banking Solutions

Loan Origination

Decision Management Platform