LOS (Loan Origination System)
A plain-English definition from the DeployIT insurance technology glossary.
In short: The lender system managing loan applications from lead to disbursal; the integration point for credit-linked insurance.
Related terms
- Credit-Linked Insurance
- Cover attached to a loan that repays the outstanding amount if the borrower dies or cannot pay due to insured events.
- CBS (Core Banking System)
- A bank's central transaction system.
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