Quickstart

In the lending domain, operations are typically segmented into two key phases:

MO Lending Core is a post-origination solution covering the loan servicing phase. As a result, to take advantage of MO's solution, first, you need to perform the loan origination by yourself or through a third party.

Origination Phase

The loan approval process involves high-level tasks such as verifying borrower or business authenticity, assessing creditworthiness, and completing necessary formalities, including digital signatures. You need to be capable of performing these tasks to take advantage of MO's solution. Instead of building these processes internally, you can use third-party solutions to cover the entire origination phase.

Servicing Phase - MO Lending Core Solution

MO Credit Core is an essential solution for Loan Servicing in the lending industry. It plays a vital role as a comprehensive solution for managing and maintaining loans and credit offerings during the operational phase of financial services.

The first phase of integration with MO does not require you to have an origination solution up and running. Therefore, while you start your MO integration, you can perform the origination services integrations in parallel.

Step 1: Create a Product and Offer

Your journey with MO begins with receiving your back-office access and API keys. With these in hand, you can launch and manage your credit program. This process consists in:

1. Project Creation: MO's support team creates a Project as required by your business, configuring country, currency, and active credit limit.
2. Create a New Product: Offer your customers a comprehensive product using the Product Configuration feature.
3. Generate Offers: Craft specific Offers within the newly created product. You can create an offer using our dashboard.

Step 2: Create a customer

In MO, every customer will start as a pre-customer. After they meet the business rules to become a customer, for example, completing the onboarding process or accepting the terms and conditions, upgrade them to a customer.

1. Create a pre-customer.
2. After the successful onboarding and required steps from the pre-customer, upgrade them to customer.

Step 3: Create a Loan Request

When a customer applies for a loan, create a pre-loan. This entity represents the initial stage of the loan process before final approval and disbursement.

Step 4: Create a Loan

Generate an approved loan, upgrading a previously created pre-loan by creating a loan. This represents the final approval and disbursement of a loan in MO.

Step 5: Create payments

Initiate and process payments for seamless financial transactions between customers and your institution.