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.
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Financial spreading automation should be an integral part of every financial institution's strategic plan when it comes to reducing costs.
Automated credit decisioning can take an incredible burden off of your support staff, yes, but it also has larger implications for the lending industry as a whole. Automation removes human error — and human bias — from the early application review process, sets a firm standard against which all potential borrowers are evaluated and significantly…
There has been a lot of movement in commercial lending heading into Q4 of 2022. Take a look at just a few of the business banking highlights in the last month. From people to institutions, 2023 will see some transformational shifts. Let's meet the movers and shakers in commercial lending.
Changes in commercial lending regulations can be difficult for small lenders that might not have a dedicated compliance team. But with FlashSpread's financial spreading software, lenders can quickly and easily comply with all new requirements.
Discover Tax Form 1120's importance in commercial lending. Learn how digital solution FlashSpread streamlines the review process for lenders, making informed credit decisions effortlessly.
