Borrowers are the entities within the system that represent individuals or businesses seeking financial products.
The system captures only the necessary Personally Identifiable Information (PII) required for identity verification, compliance, and operational purposes, ensuring data privacy and security. Borrowers are linked to their respective financial products, enabling lenders to manage relationships, track activity, and maintain accurate records. This streamlined approach supports efficient onboarding, personalized service, and regulatory compliance while minimizing the collection of sensitive data to only what is essential.