LARA

Meet LARA (Loan Administration, Reporting and Analysis) our proprietary LOS (loan operating system). LARA has been designed to provide an end-to-end workflow for lending businesses. LARA is unique as a multi-entity operating system, allowing for collaboration between participants in a specific lending ecosystem. The beating heart of LARA is its data warehouse. Its critical limbs are its calculation library, portfolio allocation engine and reporting portal. All these elements are combined with a capital markets risk philosophy to deliver diversified portfolios and institutional quality analytics for both LendDirect and all third party providers of financing to our lending businesses.

Institutional Quality Analytics

All providers of debt capital to our operating entities are provided real-time analytics for their credit facilities through the LARA platform.

End-To-End OS

LARA isn’t just a fancy front end, it is designed to a support a lending business through all aspects of its lending lifecycle from quotation through to repayment.

Proprietary Allocation Engine

LARA automatically allocates its loan book as collateral across all of its credit facilities, taking into account the specific lending criteria applying to each.

Although LARA was initially developed to support our bridge lending business, we have since extended its capabilities to support the needs of our other lending businesses. To facilitate this growth, and the potential to ultimately licence LARA to other lenders, we have moved the development of LARA into our ColabWare subsidiary.

ColabWare

ColabWare is on a mission to change the world of finance by solving the most complex problems and delivering elegant, collaborative solutions through our software. The ColabWare team are now responsible for the ongoing development of LARA and the extension of our systems into other networks within finance.