Finastra has launched LaserPro Evaluate, a cloud-native platform aimed at modernizing commercial loan origination processes for banks and credit unions.

This solution is targeted at financial institutions that are currently reliant on spreadsheets or legacy systems for their commercial lending operations. LaserPro Evaluate operates on Finastra’s Total Lending platform, with the goal of reducing manual effort in loan origination and expediting processing times.

According to Mitch Lucas, VP, Product Management, Retail Lending at Finastra, LaserPro Evaluate represents a significant step forward for institutions looking to enhance their lending operations. The solution was crafted with customers’ needs in mind, providing flexibility, efficiency, and advanced features.

Key Features and Deployment Model

The platform includes automated financial analysis and secure document exchange functionalities. Its cloud-native architecture allows for automatic updates and is designed to accommodate future integration of AI and analytics tools.

LaserPro Evaluate can be deployed independently or integrated with other elements of the LaserPro Lending Platform, offering a flexible licensing structure that enables institutions to adapt the platform according to their operational needs.

As part of Finastra’s comprehensive LaserPro Lending Platform, which includes loan documentation management, regulatory compliance tools, and borrower relationship management capabilities, LaserPro Evaluate addresses the need for digital-first lending infrastructure as financial institutions shift away from manual processes in commercial loan origination.