Up to 80% of loan officers stumble across a problematic document.
Up to 67% of the Application-to-Funding time is spent chasing and reviewing initial documents.
Despite the digital improvements in commercial lending over the last few years, there's still a cumbersome kink in the workflow: the document submission process. Up to 80% of loan officers stumble across a problematic document, with 67% spending more time chasing and reviewing initial documents than doing underwriting.
As a result, both borrowers and lenders struggle from confusion and lost time whenever the wrong paperwork is submitted - rinsing and repeating the cycle of re-submission until the correct documents land in the LOS.
During this webinar, we will explore the following:
Two persistent problems in securing commercial loan documents
Innovative best practices to streamline the process
How to reduce confusion in document submission with Al-enabled technology that automatically reviews documents and immediately alerts borrowers of missing information
Opportunities to differentiate
Meet Your Presenters
Vimal Patel is the US Director of Sales for AIO. Vimal has helped financial institutions improve profitability and manage risk in their commercial lending portfolio for the last 18 years.
Pam has over 30 years of experience in banking and financial services. After years of working in lending, Pam has a deep industry knowledge that spans across banking risk management and regulatory requirements.