In the dynamic landscape of lending, staying competitive necessitates a tailored loan processing solution that seamlessly evolves with your business. However, both lenders and borrowers encounter various challenges throughout the loan closing journey. Let’s explore major origination challenges and how software solutions can effectively tackle them: Complexity in Documentation: The loan origination process often… Continue reading How software addresses the challenges in loan origination
Month: August 2019
How digital lending can be a game changer in SME financing?
Financing is the backbone of any business, but this is an area which is extremely difficult for most SMEs, small businesses and start-ups to navigate through. One of the main hurdles was the lack of ease in transactions faced by SMEs. But with digital lending, SMEs were able to solve many of the financing problems… Continue reading How digital lending can be a game changer in SME financing?
Digital transition: must consider points
Modern lending systems are all about providing access to funds anytime, anywhere, for customers who are increasingly tech-savvy. Digital channels fulfil the customers’ need for convenience and continuous availability, while at the same time offering lending firms’ new opportunities for growth. But transitioning to a fully digital lending firm is not always easy. Lack of… Continue reading Digital transition: must consider points