Outsourcing services and solutions from Outsource2india. Outsource2india provides business outsourcing across a range of services like call center outsourcing, data management outsourcing, financial services, software services and more.
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Financial Services
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Home Financial Services Case Study: Bank Loan Production Services

Financial and Accounting Back-Office Support Bank Loan Production Office

Overview
A Loan Production Office(LPO) is a Banking Office that takes loan applications and arranges financing for corporations and small businesses, but does not accept deposits. Loan applications are subject to approval by the lending institution. An LPO has to process all the paperwork submitted by the applicant and assess the loan eligibility and do the required documentation.

Client
Loan Production Office (LPO) for a Bank - Las Vegas

Client's Challenges

  • Handling lot of paperwork
  • Turnaround Time
  • Managing peak load

Outsource2india’s Back-Office Services Provided
  • The typical borrowers profile is between $250,000 and $3.5 million.
  • We work on Purchasing, Refinancing, Cash Out Refinancing, Construction or Expansion Loans - Conventional, SBA 7(A), Conventional 504 and Conduit loans.
  • Our work usually involves going through the source documents for these (typically includes - Forms 1003, 1040, 413, 4506T, Financial Statements and Business Credit report DNBI etc) and then preparing reports in Excel Spreadsheets.

Impact on Client’s Business
  • Staff and related expenses was cut down significantly
  • Faster Turnaround Time
  • Seasonal load managed efficiently

At Outsource2india, we have been providing accurate and high-quality Financial Services for our global customers, enabling them to save on time, effort, infrastructure and revenue. Read more Financial Services Case Studies on Equity Research, Accounts receivable, Financial Research, Billing, Title Search and HR Support.

Please contact us for further information about O2I's Financial and Accounting Back office support services and pricing details.

O2I’s Financial Services

Accounting and Finance Services: Outsource Write-Up, Bookkeeping Services , Accounts Payable, Accounts Receivable, Financial Reporting and Accounts Reconciliation services to O2I for proficient and cost-effective services.

Tax Preparation Services: Outsource Tax Return Processing and Tax Preparation services to O2I and benefit from maximized efficiency and profits. Give your business a competitive edge with our efficient services.

Financial Analysis Services: Outsource Financial Analysis services to O2I for accurate, reliable and competent services delivered within a fast turnaround time. Improve the financial health of your organization with our professional services.

Payroll Processing Services: Outsource Payroll Processing services to O2I to reduce your operational costs by 40-50%. Relieve your organization from mundane administrative tasks. Outsource to O2I and concentrate more on your core business.

Insurance Services: Outsource Life Insurance, Property and Casualty, Annuity Insurance, Insurance Policy Administration, Insurance Agency Management, Insurance Claims Administration and Insurance Data services for increased profits.

Outsourcing to India: Discover Why India is an ideal place to outsource to, Read more on Why Outsourcing has become necessary and find out more on What services can be outsourced to India.

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