There are many technology solutions on the market today to help manage your commercial collateral, but this has not always been the case. Increased and more complex regulatory reporting requirements has changed the way that core solution providers view collateral, and has driven this change.
Streamlining your commercial lending processes is all about getting that deal to the table quicker. Getting a quick decision back to your prospect can be a key differentiator for your institution. As with so many other initiatives, the goal here is to increase productivity without adding additional employees, while improving the client experience. All the while we want to do this without the fear that credit quality is being jeopardized.