World Finance implemented White Clarke Group’s CALMS Loan Origination Software (LOS) to maximize the efficiency of its operations.

The partnership delivers underwriting and funding functionality to World Finance’s processes, automating loan origination and improving transaction speed.

World Finance initially selected White Clarke Group to complete a proof of concept, which involved the implementation of the CALMS base origination product with World Finance’s configuration. Within 90 days, the proof of concept trialled successfully at three World Finance branches.

The companies then proceeded with full implementation of the LOS. This process involved the inclusion of additional features and commenced rollout at all World Finance branches before September 2019.

“We piloted a number of loan origination software solutions to find the best all-round fit and felt that CALMS provided the level of detail we were looking for,” Jason Childers, SVP of IT at World Finance, said. “We’re pleased with the quality of the product, which has improved the efficiency of our processes to help us better serve our customers.”

“We’re thrilled to have been selected by World Finance,” Shim Mannan, EVP of product and business development at White Clarke Group, said. “The success of this project can primarily be attributed to the strong partnership between the World’s IT and business teams, and their counterparts at White Clarke Group. This implementation strengthens our position in the consumer finance space.”

World Finance is a finance company that provides personal installment loan solutions and personal tax preparation and filing services.

White Clarke Group is a provider of loan origination, servicing, collections and floorplan/wholesale finance technology for the automotive, consumer and equipment finance sectors.