The Wall
Street Journal reports in their article today that “Consumers have moved to
large lenders offering online transactions; community bank lenders left behind.” For example, Trans Union reports in 2018 38%
of personal loans are completed online vs. 5% in 2013. Digital providers ranging from Marcus by
Goldman Sachs to large bank’s offering like Lightstream for SunTrust are
winning the day. How can community banks compete for
relationships, revenues and efficiencies?
The answer is with “off-the-shelf” digital lending software designed
specifically for community banks. RCGILTNER’s
MinuteLender® provides consumer and small business all-digital, self-service
lending in-branch or out with application and decisions in a minute, and fully
completed loans if minutes. All is
provided under your control, brand, underwriting and compliance for loans on
your books. For information on what
other community banks are achieving with digital lending, visit our website, www.rcgiltner.com.
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