DigiFi and Ascent Team Up to Transform Loan Processes

DigiFi Partners with Ascent for Improved Loan Applications

DigiFi, recognized for its advanced loan origination system, has joined forces with Ascent, a leader in digital solutions for financial institutions. This partnership aims to modernize and optimize the loan application process for lenders, ensuring a smoother experience for borrowers.

Streamlining the Lending Experience

With the integration of Ascent's flexible front-end technology, users can expedite application completion and processing times. This innovative technology not only simplifies applications but also enhances approval rates. Ascent's platform efficiently manages product applications, reducing complexity and abandonment rates, ensuring borrowers stay engaged throughout the process.

The Benefits of Ascent's Experience Platform

Ascent's platform stands out by addressing the fragmented experience many lenders face. By consolidating various application forms into a seamless process, Ascent enables lenders to deliver a cohesive and user-friendly experience. This integration will empower DigiFi clients to enhance their portfolios and improve customer satisfaction, positioning them at a competitive advantage.

Leadership Insights

“DigiFi is a modern platform that offers great flexibility for originating any kind of credit product,” commented Drew Lyall, the Head of Technology at Ascent. He emphasized the importance of this partnership in pushing the boundaries of digital experiences within the industry. Similarly, Josh Jersey, co-founder and CEO at DigiFi, noted that Ascent’s ability to simplify application processes greatly benefits lenders: “Our collaboration allows us to remove complexities, which enhances our clients' competitiveness in the market,” he said.

Empowering Borrowers and Lenders Alike

DigiFi is committed to transforming the lending journey from start to finish. Its all-in-one loan origination system empowers lenders to say goodbye to outdated legacy systems. Offering versatility across lending products, DigiFi’s modern LOS configuration helps lenders cater to a diverse clientele. With a robust infrastructure, DigiFi has successfully facilitated over $100 billion in loan applications, showcasing its reliability and efficiency.

Innovative Features of DigiFi

The DigiFi system accommodates a wide variety of lending scenarios, making it adaptable to various market needs. Lenders are equipped with advanced tools to streamline operations, ensuring they meet customer expectations with ease. Furthermore, this technological flexibility is vital for navigating the complexities of the financial landscape swiftly and effectively.

About DigiFi and Ascent

DigiFi stands out as a comprehensive loan origination solution that nurtures an excellent experience for both borrowers and banking teams. By focusing on modernization, it allows lenders to break free from traditional barriers, providing a unique offering suited to any lending situation and any part of the globe.

Ascent, on the other hand, is noted for its next-generation platform that reimagines how lenders manage product applications. By using intelligent forms that gather data efficiently, Ascent helps institutions create a frictionless experience without the need for disruptive overhauls to existing processes. Its magic lies in learning from user interactions, continuously optimizing future applications.

As these two innovators join forces, the financial landscape is set to experience a revolution in loan origination, simplifying processes while enhancing user engagement and satisfaction.

Frequently Asked Questions

What is the main goal of the DigiFi and Ascent partnership?

The primary goal is to streamline and enhance the loan application process for lenders and borrowers, making it more efficient and user-friendly.

How does Ascent's platform improve the loan application process?

Ascent simplifies the application experience, reduces complexity, and minimizes application abandonment rates, leading to faster approvals and better user engagement.

What benefits does DigiFi offer to lenders?

DigiFi provides a modern loan origination system that is flexible and can cater to various types of credit products, all while improving the overall lending experience.

How has DigiFi performed in the lending market?

DigiFi has successfully processed over $100 billion in loan applications, demonstrating its effectiveness and reliability in the industry.

What is unique about Ascent's technology?

Ascent's platform learns from each interaction, refining the application process for better efficiency. It also allows institutions to build custom applications using a no-code approach.

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