IBM launched Digital Loan Processing platform which integrates the core lending business process.

If IBM these past years has spent about $4 billion acquiring cloud analytics capabilities, this is certainly for the good reasons. According to Chitra Dorai, Ph.D. IBM Distinguished Engineer, the goal is to offer customers unparalleled insights into their customers and their business.

 Since yesterday, it is official, IBM has launched its ‘’comprehensive’’ Digital Loan Processing platform which integrates the core lending business process with mobile

applications and analytics.

The objective is to allow lenders to transform the online experience for customers.

According to IBM, borrowers can now engage in real-time during every aspect of the loan application process:  applying online, uploading documents, acting on inquiries and monitoring loan approval status, all from their smartphone or tablet device.

In combination with Smarter Commerce initiative, the new Digital Loan Processing solution aims to be a secure integrated managed services solution that will serve top lenders around the globe, giving their customers the ability to apply for and quickly close a mortgage loan, in context of their busy lives, how when and where they desire from any mobile device.