Slow Response Means Lost Borrowers
Download your free copy of our whitepaper to learn how a poor Loan Management System can lead to missed deals and lost borrowers
“For financial service companies and Alternative Lenders, slow responses mean lost borrowers. A firm not set up to quickly approve and finance deals will likely see their potential borrowers gobbled up by the competition, as applicants need rapid evaluation and decisions.”
Here’s What the Paper Discusses
Complex Deal Applications
Online applications are an opportunity to get ahead, but if the application is too complicated or lengthy, it can stop the deal before it even gets started.
Inefficient Data Processes
For any company processing large amounts of data, having a decentralized system leads to significant slowdown, risk and disorganization.
Manual ACH Payments
How many hours does this manual process take? What else could your team be doing if they weren’t processing ACH payments?
Poor Renewal Management
To maximize your renewals, you need to see real time status updates on all of your deals and have their pertinent details connected in an easy-to-use dashboard or screen.
User Adoption Issues
Training new users on a loan management system takes time. However, doing it on a poor system can take much longer.
The key to quick response times? A modern efficient, streamlined and automated Loan Management System, built specifically for the industry and intuitively tailored to meet your business needs.
Learn More about the Fundingo Loan Mangement System
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