As digital
lending technology grows in use to profitably provide loans to small businesses
and consumers, credit monitoring is a key.
While many are automating the front-end loan process, digital credit monitoring
of new and existing loans can
have the biggest profitability and efficiency impact in using digital technology. Prior to digital technology, our clients report spending hours a week
monitoring existing small business loans which can be fully automated with our
digital lending technology.
About 40% of business
loan relationships are under $50k, and automated and
digital monitoring is required to profitably serve these relationships. Automated
measurement of owner-guarantor credit, revenue and deposit activity,
transaction activity including NSFs and loan usage and activity is provided for exception analysis and immediate reporting. This saves officers and portfolio managers time so they can focus on acquiring new
customers.
For more information
on how RCGILTNER digital technology incorporates ongoing credit monitoring into
our digital lending technology, contact us or visit our website.
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