4 Challenges of Manual Consumer Lending and How Automation Solves Them
Consumer lending traditionally involves several manual processes that greatly increase the time needed to complete a loan transaction. Even though most consumer loans only require 30 minutes of actual work, moving information between physical locations such as a branch or a main office can add hours or even days to the process. Intensifying competition from non-traditional […]
Mobile Apps for Lending: What Makes Them Tick?
[vc_row][vc_column][vc_column_text]Read time: 3 minutes, 45 seconds. [/vc_column_text][vc_single_image image=”8719″ img_size=”large” alignment=”center”][vc_column_text]Automated loan underwriting is a significant time saver for lenders. However, it only manages one step in a potentially lengthy review process for a complete loan file. The processing of a loan file begins with collecting, organizing and verifying loan information. Lenders of all types are discovering […]