Northteq, a provider of Salesforce loan origination solutions, introduced its May 2024 products. This release features the launch of Aurora Syndicate and Aurora Fraud360, along with key enhancements that optimize the lending process for lenders, borrowers and funding partners. For lenders, the new Aurora Syndicate and Fraud360 provide advanced tools for managing syndication and safeguarding against fraud.
Expanded Product Offerings
- Aurora Syndicate Lender Portal: Automate syndication workflows, streamline decision-making and facilitate seamless deal submission and tracking within a secure platform.
- Aurora Fraud360: This tool leverages several integrations with industry leaders like Plaid, Ekata, Middesk, Experian and Ocrolus to give lenders a holistic view of potential borrower and vendor risk.
- Borrower Experience Enhancements: The redesigned Borrower Application empowers users with self-serve functionality, allowing them to choose their pricing options in real time. Additionally, a revamped document upload process simplifies closing out credit stipulations.
Salesforce App Updates
- TValue Direct for Salesforce: This latest upgrade automates disclosure APR calculations. Pre-loaded features and customizable events further streamline the process, while localized date formats ensure a user-friendly experience.
- Plaid Direct for Salesforce: With the integration of Plaid’s Identity verification data, lenders can streamline onboarding and strengthen security with enhanced ID verification, KYC checks and biometric authentication.
- Ocrolus Direct for Salesforce: Utilizing Ocrolus Detect’s AI, lenders can verify document authenticity and analyze financial details in-depth.
Explore the full product release notes here.
