Zoot, a provider of instant credit decisioning and loan origination solutions, has released zOriginate loan origination solution, which replaces the Kairos loan origination system.

According to Zoot, zOriginate provides users control and flexibility over the application, enabling businesses to implement an ideal system regardless of technology capabilities and resources.

zOriginate provides both thin client and web application interfaces controlled through the same design tool. This provides users the flexibility to render customer facing web screens and internal interfaces without coding. The solution gives business users direct control over the loan origination process including: adding new data sources, setting up decisioning rules, adding additional disclosures, changing page layouts and creating queues.

Tom Johnson, vice president of product development for Zoot Enterprises, said: “zOriginate stands apart from other loan origination solutions in the market because it incorporates a comprehensive tool set that allows our clients to have complete control over data acquisition, data aggregation, decisioning, scoring, workflow, and conditional execution of processes through one interface.

“It is extremely inefficient to manage all of these steps in different solutions, with different rules. The release of zOriginate comes at a time when lenders need to be able to adapt quickly to changes in compliance regulations, consumer behavior and the economy in general. Our goal is to remove as many of the constraints to effective loan origination as possible. zOriginate enables our clients to implement their best, most efficient practices for all types of lending products.”