Automation into the commercial loan approval process is all about mining the correct information and information

Automation into the commercial loan approval process is all about mining the correct information and information

After collecting info on your client or possibility, distributing the economic statements, operating the ratio analysis, doing some projected situations and undertaking a risk rating, many bankers have good notion of just what their financing appetite seems like. Assuming it really is positive, the step that is next to organize a credit presentation, or application, for decisioning because of the danger division.

For all loan providers, the credit application represents another handbook workout in planning and collating a few split, yet associated, items of paper, frequently in a highly recommended fashion, contributing to the processing time for approval, especially for an innovative new relationship. Continue reading “Automation into the commercial loan approval process is all about mining the correct information and information”