Recent instability in the market, rising inflation, and supply chain issues are creating an uncertain climate for commercial lenders and small business owners. Things may look ominous but there are key strategies to survive and even thrive during these changing times. There are great opportunities for commercial lenders when the market hits a downturn. Lenders have much to gain during tough times by diversifying their lending portfolio and leveraging technology. Adopting a cloud based loan underwriting system to cut down on costs, and investing in a loan origination system and borrower portal to capture more clients are key to adapting to leaner times.
Blog | Category | Customer Experience
The competition in the freight factoring market is accelerating at a rapid rate. The strong and growing freight factoring market is drawing in lenders hungry for opportunity. Fast new loan origination and underwriting software and key technology innovations are changing the game by allowing lenders to take on new clients in record time and meet client demands for speed. Find out how you can stay ahead of the competition and make the most of this growing market.
Technology innovations have changed the face of real estate lending. Traditional lenders have been working with outdated LOS and underwriting systems slowing down loan origination, underwriting, closing and onboarding. Modern tools are Flipping the Fix and Flip market. Lenders now have the ability to easily access credit scores, financial histories, and even criminal records all via one convenient cloud-based software.
The five key things business owners want from commercial lenders and what lenders can do to meet their needs and stay ahead of competitors. Banks and non-banks can meet the needs of business owners with the latest technology tools available.