Overview
To give business borrowers the experience they want, banks and credit unions look toward digital applications that expedite loan turnaround. They also need internal processes that scale to allow the institution to grow. Sageworks Loan Application turns the institution’s website into a digital branch that is efficient for lending staff and allows borrowers to complete applications at their convenience online.
Key Benefits
- Provide a better, more modern customer experience for potential borrowers
- Expedite the application process for scalable growth and a competitive edge
- Create consistency in documentation and workflow for a more auditable underwriting process
- Eliminate bottlenecks for lending staff and streamline communications with borrowers and document collection to eliminate going back and forth for information
- Use with the entire Sageworks suite for greater efficiency in underwriting, approving, documenting, pricing, risk rating and stress testing the loan
- Significantly increase ability to drive business and loan volume through your website
- Lower administrative costs of originating a loan as customers submit data directly
- Secure signatures faster using e-signature technology
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