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A new Mortgage Loans Origination software application is to be bought by a bank. With...

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Finance

A new Mortgage Loans Origination software application is to be bought by a bank. With which of the applications listed below, already present in the banks IT environment, the new Mortgage Loans Origination application should definitely communicate? With which of the applications such communication is not necessary?

Cards Management System (CMS)

General Ledger

Deposits Processing Application

Collections Application

Loan Accounting/Servicing Application

Justify your answers by providing appropriate references to the functionality offered by each of the applications above.

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