There’s a thrill when you find a new commercial lending product that can help you take your business to a new level. You’ll be able to see the time and money saved, and the opportunity to serve more clients. By automating the underwriting and approval process, you can speed up the process and get loans approved more quickly. Automation is a powerful lever that will amplify your entire approach to doing business as a lender, including your tax return spreading process.
Not only will this make your life easier, but it will also make your customers happier, as they’ll be able to get the money they need to grow their businesses faster. So, how can you automate your lending process? Keep reading to find out.
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Finastra
Finastra offers end-to-end lending solutions to their customers, with syndicated, commercial, consumer and mortgage loans. Let’s have a look at some of Finastra’s automation tools.
Fusion LaserPro
Fusion LaserPro is a software program that allows lenders to process transactions and create compliance documents simultaneously. The program is relatively easy to use and includes features that make it compliant with federal and state requirements. This allows lenders to process transactions quickly and easily while remaining compliant. Features include:
- Fusion LaserPro allows lenders to process transactions from simple to complex.
- The dynamic document production capabilities within Fusion LaserPro allow lenders to produce compliance documents for specific transactions.
- Interconnected compliance capabilities that provide financial institutions transaction-specific compliance papers and dynamic warnings to lenders about federal or state regulatory standards.
Commercial lenders can use this software to speed up the lending process. This makes it easier for them to process transactions, remain compliant and produce compliance documents.
Fusion CreditQuest
Fusion CreditQuest is a comprehensive credit risk management system that enables origination, portfolio management, financial statement analysis, underwriting and executive reporting. This system optimizes workflow for the entire lending process for commercial, corporate and small business loans.
It provides a unified view of the customer’s financial data and documents to support powerful portfolio management. This helps lenders evaluate and track credit risk, identify opportunities and make informed decisions. Some of their features include:
- Delivers a comprehensive credit risk management system
- Facilitates the origination of commercial, corporate, and small business loans
- Optimizes workflow for the lending process
- Provides a unified view of customer’s financial data and documents
- Supports powerful portfolio management
- Evaluates and tracks credit risk
- Helps identifies opportunities
- Helps potential borrowers make informed decisions
Fusion CreditQuest is a system that helps lenders manage credit risk. This system helps with lending money to businesses, including finding opportunities and making informed decisions. This system also provides a view of customer financial data and documents to support powerful portfolio management.
Baker Hill
Baker Hill is a unified system that streamlines loan origination and portfolio risk management for commercial, small business and consumer lending. In addition, the platform delivers sophisticated analytics and marketing solutions. It is the expert solution for relationship management, CECL and analytics.
Baker Hill helps their clients grow their businesses, increase the bottom line and profitability, limit risk and strengthen customer relationships. Some of their core features are:
- Unified system for loan origination and portfolio risk management
- Commercial, small business and consumer lending
- Sophisticated analytics and marketing solutions
- Expert solution for relationship management, CECL and analytics
Baker Hill is a system that helps lenders manage loans. This system helps with the entire process of lending money to businesses, including origination, portfolio risk management and analytics. This system also helps lenders with marketing and relationship management.
Fiserv
Fiserv is a technology company that provides financial services software to banks and other financial institutions. The company’s products and services include online banking, mobile banking, payments, loans and credit cards. They are the technology provider behind several banks’ banking and loan processes, ranging from middle-to-large sized.
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Fiserv specializes in moving and managing money to fit clients’ financial goals. Their software is utilized by banks and financial institutions to deliver a better customer experience.
Fiserv offers:
- Online Banking
- Mobile Banking
- Payments
- Loans
- Credit Cards
Fiserv has a long history of providing excellent client service. They are continuously developing and increasing their offerings to meet the demands of their clients.
FlashSpread
FlashSpread has found a balance between human interaction and computer automation in the small business lending market. If you’re like most lenders, you’re looking for ways to do more with less. Your portfolio is growing, but your staff isn’t. And you can’t keep up with the ever-changing Small Business Administration (SBA) guidelines.
FlashSpread’s software allows you to optimize your tax return spreading process. In addition, automating the analysis process allows lenders to make accurate, informed credit decisions in moments, not hours.
Financial institutions are using FlashSpread to:
- Qualify
- Underwrite
- Service SBA, CRE, C&I and small business loans.
Removing the need for manual analysis entirely, FlashSpread helps lenders upload the tax forms of your potential borrowers. In minutes, you’ll be presented with a range of data that will help you make a fast and confident decision about whether to make the loan or not. It saves time, lowers errors and makes lender’s lives easier while maintaining borrower satisfaction.
Tax Return Spreading With FlashSpread
FlashSpread is the solution for you! We take all of the hassle out of tax spreading and credit decisions. You upload the financial records and, in minutes, our software will generate a financial spread for you.
With FlashSpread, you can get instant access to credit decisions. This means that you can quickly identify which deals meet your lending requirements and move on from there. As a result, your entire lending process is streamlined!
Schedule a demo today, and see the power of automation first-hand!
