Tuesday, September 8, 2020

Largest Efficiency Opportunity for Community Banks – Automating Credit Review and Renewal of Business Loans Under $250k



89% of C&I business loans held by community banks, banks under $10 Billion, are under $250,000 according to FDIC. 


Most financial institutions monitor, risk-rate and schedule portfolio reviews for these loans just as they would for loans over $1MM.  Officers and relationship manager contact the customer for financial and other information for renewals and review.  Data is captured in spreadsheets and shared.  Credit officers complete financial and collateral analysis.  Compliance information is documented.  These loans follow workflow processes designed for much larger and more complex loans.  The result is a highly inefficient process for what is truly required for these loans and a unwieldly customer experience.

Sound and compliant automation today allows a stream-lined and efficient process.  Our Automated Lending EXperience (ALEX) provides sound credit monitoring and underwriting in monitoring and renewing these loans.  Monitoring reports are automatically generated with exceptions and action recommendations.  Reviews and renewals are completed with digital automation.  And best of all, the customer experience is greatly enhanced with automated notifications, simplified processes and a great experience through e-sign.  As Mike Moore of Pennian Bank pointed out, “The simplified and sound process of ALEX is greatly simplified over the workflow required for our larger and more complex loans.

Learn more about our Automated Lending EXperience for credit monitoring and loan renewals at RCGILTNER.

2 comments:

  1. I now own a business of my own with the help of Elegantloanfirm with a loan of $900,000.00 USD. at 2% rate charges, at first i taught with was all a joke until my loan request was  process under five working days and my requested funds was transfer to me. am now a proud owner of a large business with 15 staffs working under me. All thanks to the loan officer Russ Harry he is a God sent, you can contact them to improve your business on.. email-- Elegantloanfirm@hotmail.com. / Whatsapp number +393511617486

    ReplyDelete
  2. HOW I GOT MY DESIRED LOAN AMOUNT FROM A RELIABLE AND TRUSTED LOAN COMPANY LAST WEEK Email for immediate response: drbenjaminfinance@gmail.com Call/Text: +1(646)820-1981 Whatsapp +19292227023 Visit their website and believe yourself Company Website: https://capitalmanage-inc.com/

    Hello everyone, My name is Mr.Justin Riley Johnson, I'm from Texas, United State, I'm here to testify of how i got my loan from CAPITAL MANAGEMENTS INC (drbenjaminfinance@gmail.com) after i applied Two times from various loan lenders who claimed to be lenders right here this forum,i thought their lending where real and i applied but they never gave me loan until a friend of mine introduce me to {Dr.Benjamin Scarlet Owen} the C.E.O of CAPITAL MANAGEMENTS INC who promised to help me with a loan of my desire and he really did as he promised without any form of delay, I never thought there are still reliable loan lenders until i met {Dr.Benjamin Scarlet Owen}, who really helped me with my loan and changed my life for the better. I don't know if you are in need of an urgent loan also, So feel free to contact Dr.Benjamin Scarlet Owen on his email address: drbenjaminfinance@gmail.com CAPITAL MANAGEMENTS INC holds all of the information about how to obtain money quickly and
    painlessly via Whatsapp +19292227023 Email: drbenjaminfinance@gmail.com

    And consider all your financial problems tackled and solved. Share this to help a soul right now, Thanks
    Visit their website and believe yourself Company Website:https://capitalmanage-inc.com/

    ReplyDelete