(AUTOMATE LOAN ON-BOARDING PROCESS - APPLICATION, APPROVAL & ACCEPTANCE)
An automated credit application solution combines the elements of the customer management module, financial analysis, and risk assessments.
Today's advanced load origination software has enhanced technology that, with appropriate permissions, allows the lender to interact via web portal with its commercial customer's systems.
While automating loan underwriting procedures can present some challenges, doing so can enhance the brand of the institution as an innovator and market leader among peers.