The underwriting process is pretty consistent for most underwriters during the initial stages. In fact, 90 percent of the process is likely the same from one underwriter to the next….
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Lending fraud is a growing trend, and one that is costing both large and small financial institutions. Everyone from the local credit union to large banks is feeling the sting….
It’s a truth universally known— VOIE is complex even under the best of circumstances. For lenders in the commercial space, these complexities have historically kept lenders away from one customer…
Becoming a commercial loan officer opens up a wealth of opportunities, not the least of which are an excellent starting salary and diverse job openings to consider. Getting there, however,…
Credit analysis and default risk calculations are leveraging the speed and accuracy of automated spreading. Commercial lending is experiencing many fintech disruptions that, in most cases, are quite welcomed by…
Spreading tax returns is a necessary but painstaking process for commercial lenders. For decades, underwriters spread returns manually by transferring a company’s financial records from paper documents to spreadsheets. And…
Given the prevalence of cloud and digital solutions, it might seem remarkable that manual processes still exist in any industry, let alone in commercial banking. The truth is, however, that…
As 2022 gains momentum, it’s a good time to assess the trends that will dominate and transform the commercial banking space in 2022. It will come as no surprise that…
Commercial lenders are increasingly squeezed by market expectations of fast lending decisions. This customer expectation crunch causes many commercial lenders to rush through their underwriting process, which results in more…
Commercial lending focuses on assessing the creditworthiness of businesses to determine if issuing a loan is in the best interest of the bank. Many commercial lenders continue to use manual,…
