In “Why
Borrower Experience Will Be the Principle Driver of Bank Revenue in the Lending
Market,” William Wagner makes a key point that end-to-end simplicity is
required:
“…lenders must
implement a front-to-end platform that simplifies the lending experience and
accelerates the loan processing journey by replacing all of the non-digital
hurdles in the loan application process.”
His
point is that many providers are automating steps in a loan origination system –
online application, document uploads, automation of decision analysis, and
links to document signing. But what is
required is a fully integrated, simplified process where all these steps occur
in minutes.
That
is exactly what MinuteLender® does for consumer and small business loans. We get an application automated with a loan
offer in one minute, and
fully completing the loan with integrated e-sign in five minutes. And all
is done on your core, with your brand, your underwriting for loans on your
balance with your compliance and operations.
Set
up a demo to see the results in efficiency, customer experience and new revenue
FIs are achieving with MinuteLender®.
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