THE CASE FOR AUTOMATION IN COMMERCIAL LENDING
The Commercial Lending scenario in recent years in the US has been witnessing a steady growth, with commercial loan growth hovering around a healthy 8-9%. This boom period in lending has seen some of the bigger banks allocating as much as 35-40% commercial loans in their lending portfolio.
Banks, in an effort to tackle the demand for commercial loans, invest in multiple applications for different processes. Disparate applications lead to work silos and dependency on manual processes are increasing inefficiency in commercial loan processing.
Download this whitepaper to get insights how as a bank you can leverage your existing technology investments through automation with the right commercial lending platform.