Tag: lendtech

Spreading tax returns is a necessary but painstaking process for commercial lenders.

With solutions such as FlashSpread, commercial lenders can enjoy improved efficiency and all of the benefits that stem from such improvements. 

As 2022 gains momentum, it’s a good time to assess the trends that will dominate and transform the commercial banking space in 2022. It will come as no surprise that much of the innovation we will see today and in the near future will be driven by advanced, digital technologies. 

Commercial lenders are increasingly squeezed by market expectations of fast lending decisions. This customer expectation crunch causes many commercial lenders to rush through their underwriting process, which results in more errors and poor lending decisions.

Commercial lending focuses on assessing the creditworthiness of businesses to determine if issuing a loan is in the best interest of the bank. Many commercial lenders continue to use manual, paper-based loan approval processes. As a result, their decision times are slow and errors are often present.

Perhaps you’ve been hearing more buzz lately about the future of financial statement spreading for commercial lenders. Despite financial statement spreading being a common practice for most lenders, few are aware of ground-breaking technology that can automate the process.

Becoming a commercial loan officer opens up a wealth of opportunities, not the least of which are an excellent starting salary and diverse job openings to consider. Getting there, however, takes preparation and time. If you are interested in becoming a commercial loan officer, what are the steps you need to take to get there?…

Discover how digital technologies are simplifying income verification for self-employed borrowers in the commercial lending space. Learn about the untapped market potential, the benefits of automation through solutions like FlashSpread, and how lenders can attract and satisfy this growing segment of borrowers for a more lucrative future.

The "Upgrade Application" feature is a game-changer for loan officers, streamlining the process of transitioning from pre-qualification to a full application.

Empower your lenders to create personalized and professional borrower documentation, showcasing your company's branding and contact information.

Discover how automation streamlines processes, enhances data accuracy and accelerates decision-making for loan officers and underwriters. Explore the transformative potential of automation as it reshapes the underwriting landscape, paving the way for a brighter future in mortgage lending.

Learn how financial institutions can calculate their return on investment (ROI) for financial spreading automation. See time and cost savings, improved accuracy, scalability and intangible benefits that enable lenders to make informed investment decisions.