Our Technical Specifications
Mirador makes investing in a cloud-based lending platform easy and reliable without heavy IT lift and regulatory headaches. Our customers rely on Mirador to process applications for a wide range of loan products. From its most basic online loan application experience to its more mature risk evaluation tools, there’s a solution set that fits banks, credit unions and non-profit lenders of all sizes.
Supported Loan Products
Effective for Commercial Loans Ranging from $5K – $20M+
Mirador supports several small business loan products, including unsecured term loans, SBA-backed loans, working capital/line of credit, and collateralized loans. Mirador seamlessly places your borrower into the product that is the right fit for them.
Platform Details & Availability
99.9% Application Uptime
The platform is available 24/7 with 99.9% uptime available on your website, mobile device or using our in-branch loan officer tool, automated document collection, and enhanced risk evaluation. We automate document collection and risk evaluation.
Data Encryption, Security & Internal Control Reporting
Regular Vulnerability Testing
All data while being transmitted and at rest is protected using 256-bit RSA encryption with a 2048-bit SSL key. The Mirador platform also undergoes regular vulnerability scans and technology penetration testing. Mirador satisfies the internal controls reporting standard for service organizations as outlined in Sarbanes-Oxley section 404 and annually undergoes an SSAE-16 SOC 1 Type 2 audit and SOC 2 Type 2 audit.
Supplemental Risk Evaluation
Evaluate Traditional and Non-Traditional Data Points
More than 1,900 traditional and non-traditional data points can be evaluated by predictive machine learning algorithims. Data from sources including personal credit reports, business credit reports, tax returns, social media, customer reviews, bank transactions and business financials make up the optional evaluation.
Automated Document Collection & Verification
Electronic Document Collection with Docusign™ Certified Signatures
Mirador supports document uploads as well as direct connections to financial institution data and online accounting systems. An IRS 4506T is electronically submitted with digital signatures certified by Docusign™. The application can be customized to your lending needs.
Credit Policy Framework
Customizable Credit Analysis and View
31+ assignable policy parameters (i.e. FICO credit score, debt-to-income, DSCR, Intelliscore, etc.) are presented in a condensed credit analysis view based on your lending criteria. Lenders may add custom parameters that support their underwriting model.
Automatically generates a loan file and a customized credit memo, based on your lending criteria, calculations and parameters.
Online Borrower Application
From Pre-Qualification to Submission and Monitoring – 100% Modern Experience
Instant pre-qualification of applications with auto-decisioning applying a lender’s own credit policies. Omni-channel availability (website, mobile, or in-branch.) The white-labeled application is web-hosted and custom branded for the financial institution.
Cloud-Based Loan Application Platform
A simple REST-based API offers programmatic access to all application data and collected documents. Mirador is entirely cloud-hosted and requires no additional system integration. Integration can be done in less than 60-days with little to no IT work.
Ready to learn more?
Have one of our small business lending platform experts reach out to you with more information about our industry leading technology.