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Article
7/13/2023

how to reduce borrower friction and increase loan volume

Process More Loans in Less Time with a Streamlined Digital Lending Platform

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Executive Summary

To be competitive in today’s lending market, efficiency is key. A digital loan origination platform can streamline each step of the lending process, helping you serve more borrowers, increase productivity, and deepen relationships with your customers and members.


Without a modern loan origination platform, banks and credit unions are often losing more business than they generate because prospective borrowers abandon the process before they complete it. Internally, institutions spend anywhere from 30% – 70% more time processing a loan manually than those using today’s digital systems.

Let’s look at how a digital lending platform can help you address these challenges by streamlining each step of the loan process.

Deliver a Seamless, Intuitive Borrower Application Experience

Deliver a seamless, Amazon like application experience across devices and channels. Borrowers can connect accounts, upload documents, complete verification, and e sign—without friction from application to close.

Streamline Lending with Built In Pipeline and Workflow Automation

Empower lending and credit teams with intuitive workflows that move every loan forward efficiently, complete with automated tasks and notifications.

Collect Borrower Financial Data Securely Through Digital Automation

Automate the request and collection of applicant, guarantor, and co signer financials through an encrypted, digital process—eliminating manual follow ups and insecure emails.

Accelerate Decisions with Automation

Route applications intelligently based on your credit policies. Enable straight through processing for simple loans, underwriting workflows for complex deals, or referrals for alternative financing.

Simplify Spreading and Credit Presentations with Integrated Tools

Analyze financial statements and tax returns with ease. Integrated spreading, stress testing, and credit presentations eliminate duplicate data entry across consumer and commercial loan types.

Speed Loan Approval, Documentation, and Funding with Integrated Processes

Move smoothly from decision to close with integrated underwriting, documentation, booking, and core processing—no handoffs, no delays.

Automate Exception Tracking, Covenants, and Renewals

Monitor risk proactively with automated tracking for exceptions, covenants, and renewals—cutting renewal costs and accelerating turnaround times.

Accelerate Lending with Open API Integrations

Connect core systems, data providers, third party services, and investors through pre built integrations and open APIs that support faster, more efficient loan closings.

A Fully Integrated Digital Lending Platform for End to End Efficiency

A single, all digital platform streamlines the entire loan lifecycle, helping you serve more borrowers, increase productivity, and deepen customer and member relationships.

Take a deeper dive by downloading the full article.

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