There’s a cost to everything. Sometimes, we’re willing to pay more for a greater reward. Other times, we don’t see the hidden costs until it’s too late. As an inherently risk-averse industry, banking has held out on digital transformation far longer than other sectors. The potential costs a...
Adaptability isn’t something we take for granted anymore, especially after the pandemic. Companies were made or broken based on their ability to quickly scale and conduct business digitally. Lending was one of the most impacted industries — not only because of the millions of business loans it st...
Risk can be a good thing when it comes to personally expanding your horizons or trying something new — but not when you’re originating loans and working with confidential information. Yet, numerous risks still exist in the loan origination process, especially for those that use manual, legacy too...
Companies across industries like to boast that they listen intently to their customers and understand their every need. We don’t doubt they care about their customers, but can they truly put themselves in the shoes of their users? Do they really understand the challenges of doing the grunt work o...
What kind of benefits do you expect from your loan origination software? You assume it’ll carry out basic functions like lead intake, tracking, loan servicing, and reporting. What you don’t expect is for it to make you more efficient or increase your visibility across the whole lending cycl...
If you had three wishes for your lending software, what would you wish? (And yes, wishing for more wishes is an acceptable answer.) That’s because building reliable software isn’t finite — it’s a continuum of iterations and modifications to meet users’ needs and adapt to changing times. Thi...
You’ve seen it. You’ve researched it. You’ve longed for an automated loan tool to make your life easier. But convincing your boss to invest in loan automation software may seem easier said than done. Luckily, the benefits far outweigh the costs, making it an easy sell for managers who are concern...