Verde Corona
End-to-end loan origination
Verde Corona is a highly automated, fully digital loan origination system, complete with system-to-system and third-party interfaces, system-of-record booking and funding, document repositories, and a full suite of reporting and administration tools. It is built to pair with Verde Aurora for advanced decisioning and offer optimization to any portfolio, from micro and retail to SME and commercial. Deployable as cloud SaaS or behind your firewall, tailored to fit your infrastructure.
Every segment, every channel
Corona supports the customer and product types you originate today and want to add down the road -- installment and revolving, secured and unsecured, recourse and non-recourse, the simplest micro products to complex, structured commercial workflows -- through mobile, web, branch, indirect, and partner channels.
Paperless capture includes image storage with hard copies on demand, unlimited document and data fields, and dashboards adapted to your institution.
- Mobile screening with CRM, sales management, and in-field data collection
- Policy, product, and offer management with presentation tailored to segment
- Highly customizable screens and rules for your markets and business model
Data validation and quality checks
Applications move from first touch to a fully maintained credit file. Corona reviews unique application and customer identifiers, processing status, exposure and collateral linkage, and validations as data is entered, manual or automated.
Third-party data is collected, validated, and published to both Corona and the system of record so underwriters, managers, and back-office staff see one consistent view.
- Customer and collateral details linked across facilities
- Due diligence and verification outcomes fully documented
- Configurable mandatory and optional fields by customer type and product
- Multi-year financials, balance sheet, P&L, and cash flow captured where required
- Pre-fill and aggregate exposure when customer IDs and existing facilities are known
- Uploads, checklists, and ongoing file monitoring for accurate relationship data
Underwriting, pricing, and Verde Aurora
When data fitness and policy checks pass, Corona invokes Verde Aurora for optimized decisions and counter-offers. Reason codes and analytics return to the workflow in seconds. Officers retain override, escalation, and exception paths.
Corona carries pricing, collateral, and structuring logic through to sanction-ready packages. Fees, schedules, limits, and IFRS-aligned treatment are set right where your policies require it.
- Advanced decision model support with interactive offers and counter-offers
- Risk acceptance criteria and pre-qualification aligned to your credit policy
- Automated and manual performance-based offer engineering
- Collateral coverage, pledging, and bank-value cover calculations
- Base rate, risk premium, overrides, fees, charges, and repayment schedules
- Loan-level Basel III Advanced and IFRS 9 loss and balance-sheet / income forecasts
- Sanction templates, credit memos, term sheets, and financial analysis summaries
Approval, conditions, and disbursement
Credit moves user by user through bank-defined workflows. Compare requests to obligor and product limits, log overrides with justification, and route escalations when turnaround thresholds are exceeded.
Approved facilities flow to offer communications, pre- and post-disbursement conditions, and core-directed account opening and disbursement with stipulation tracking.
- Role- and limit-based approval for individuals and groups
- Auto-generated offer and standardized decline letters with structure and conditions
- Condition waivers at appropriate authority; checklist confirmation by responsible parties
- Turnaround-time logging and reporting by workflow stage
- Account opening, imaging, fund disbursement, and internal compliance steps through funding
Workflow, control, and reliability
Multiple work queues and authority control keep staff focused at peak volume. Applications auto-route to the right approvers at each stage with full audit trails.
Multi-layer security, encryption, and failover support the uptime regulated lenders expect. Your data stays accessible for reporting and analysis without arbitrary access caps.
- Workflow, authority, escalation, and exception management, from end to end
- Interfaces to core, pricing, fraud analytics, and nearly all third-party data and services you rely on
- Real-time operational and process metrics
- Approved/declined views by type, party, and grade
- Cloud-based SaaS or installation behind your firewall -- turnkey or fully under your control
Restructuring and portfolio handoffs
Restructuring proposals, customer requests, and collateral updates stay in the same controlled workflow as new originations. Corona supports online review and approval where your policy allows.
Corona remains the system of record for origination data that downstream monitoring, provisioning, and Aurora/Allele services consume via API or shared repository.
- Electronic restructuring submission and approval paths
- Link new or existing collateral to facilities under restructuring
- Regulatory reporting and performance dashboards from origination through booking
When to choose Corona
Institutions that already operate a loan origination system can consume Verde Aurora via API for a lighter integration. Choose Verde Corona when you want Verde to own data capture, officer workflows, decisioning integration, booking, and funding in one origination platform -- or when you adopt Verde Core with shared UI and database layers.