{"id":558,"date":"2024-05-30T03:16:18","date_gmt":"2024-05-30T03:16:18","guid":{"rendered":"https:\/\/alphavn.com.vn\/?p=558"},"modified":"2024-05-30T09:11:22","modified_gmt":"2024-05-30T09:11:22","slug":"management-of-loans-from-commercial-banks-with-mortgages-vls","status":"publish","type":"post","link":"https:\/\/alphavn.com.vn\/?p=558","title":{"rendered":"Management of Loans from Commercial Banks with Mortgages (VLS)"},"content":{"rendered":"\n

Duration:<\/em> January 2018 \u2013 February 2019<\/p>\n\n\n\n

Project objectives<\/em><\/strong><\/h2>\n\n\n\n

\u2022 The total loan amount (debt balance) of 29 commercial banks in Vietnam in 2023 is about 365 billion USD. Of which, about $255 billion (accounting for 70% of total loan debt) has real estate as collateral.<\/p>\n\n\n\n

\u2022 However, currently no bank has the tools or technology to manage loans related to real estate collateral. Instead, banks manage collateral independently of the loan (technology independence) and manage it entirely manually with outdated technology and periodic mortgage revaluation deadlines. year, while the value of mortgaged real estate fluctuates daily according to market prices.<\/p>\n\n\n\n

\u2022 If you cannot manage the mortgaged assets (market price, asset legality, etc.), the risk is huge: first, determining the market price of the mortgaged real estate incorrectly leads to loss of capital (the Vietnamese banks often lend 70-90% of the value of the mortgaged property); Second, reduce efficiency in banking business operations.<\/p>\n\n\n\n

\u2022 Enhance search for potential customers for bank products and services using modern technology.<\/p>\n\n\n\n

Project component<\/em><\/strong><\/h2>\n\n\n\n

\u2022 At VLS, the web is deployed on AWS applications along with services DynamoDB, Cognito, API Gateway, Lambda (Nodejs) and many other supporting applications. Mysql, Php data management (laravel, Nodejs,… combined with artificial intelligence and big data mining.<\/p>\n\n\n\n

\u2022 VLS has built and owns data on 6,250,000 houses, accounting for 83% of the total number of houses in 88 (100%) cities in Vietnam, and updates market prices as well as other fluctuating factors of houses. this every week. To build extremely large data as above, VLS uses exclusive technology and algorithms to collect and process in conjunction with experienced appraisers across the country.<\/p>\n\n\n\n

\u2022 When obtaining real estate-related information through the VLS system such as: Market price, asset legality, asset liquidity, past asset value growth, and future price prediction of the property, of the area where the property is located.<\/p>\n\n\n\n

\u2022 VLS will connect the core banking systems of commercial banks to directly provide the above information about the mortgaged real estate of that loan.<\/p>\n\n\n\n

\u2022 When VLS integrates into the bank’s core banking system, it will automatically process and provide reports on risk management indicators as well as other factors that banks wish to have. Through these management reports, banks will increase or decrease customers’ outstanding debt depending on the real estate market price at the time of receiving the report. Banks will limit or increase lending to specific areas due to the liquidity and price growth of real estate in that area.<\/p>\n\n\n\n

\u2022 VLS provides a large number of potential customers for banks through individual and organizational users. When customers enter basic information about loan requirements and real estate information to be mortgaged, VLS will provide reports for the bank to consider to approve the loan or not granting the loan completely. automatically and quickly. This is a huge competitive advantage for banks today. The current traditional sales channel of banks is still manual, requiring a lot of time, effort, and cost but is ineffective.<\/p>\n","protected":false},"excerpt":{"rendered":"

The total loan amount (debt balance) of 29 commercial banks in Vietnam in 2023 is about 365 billion USD. Of which, about $255 billion (accounting for 70% of total loan debt) has real estate as collateral.<\/p>\n","protected":false},"author":1,"featured_media":318,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"wp-custom-template-single-posts-en","format":"standard","meta":{"footnotes":""},"categories":[100],"tags":[127],"class_list":["post-558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-project-en","tag-core-banks-en"],"_links":{"self":[{"href":"https:\/\/alphavn.com.vn\/index.php?rest_route=\/wp\/v2\/posts\/558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphavn.com.vn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphavn.com.vn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphavn.com.vn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/alphavn.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=558"}],"version-history":[{"count":1,"href":"https:\/\/alphavn.com.vn\/index.php?rest_route=\/wp\/v2\/posts\/558\/revisions"}],"predecessor-version":[{"id":559,"href":"https:\/\/alphavn.com.vn\/index.php?rest_route=\/wp\/v2\/posts\/558\/revisions\/559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphavn.com.vn\/index.php?rest_route=\/wp\/v2\/media\/318"}],"wp:attachment":[{"href":"https:\/\/alphavn.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphavn.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphavn.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}