Lending fraud is a growing trend, and one that is costing both large and small financial institutions. Everyone from the local credit union to large banks is feeling the sting. Small and mid-sized business fraud has increased almost 7 percent since 2020, and costs related to fraud are highest for companies in fintech.
Automation is a powerful lever that will amplify your entire approach to doing business as a lender, including your tax return spreading process.
Financial statements involve the same due diligence, analysis and data-based decision-making one might expect in the consumer space.
The goal of financial spreading is simple. You lend a company money and, over time, they pay the loan back with interest. In the end, you make a profit.
If you underwrite SBA, CRE, C&I, small business, consumer mortgage and auto loans, here is how you can save time with software.
The word ‘data’ is tossed around a lot today, but it’s no trend. Data is the lifeblood of commerce, and its importance in commercial banking cannot be underestimated.
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FlashSpread is transforming the commercial lending and fintech industries. Lenders and financial analysts used to drown in a sea of financial data stored in paper documents.
Learn more about this amazing software and how it can help your SBA loan process.
Here is what easy software integration looks like in the context of financial spreading for commercial lending and why it matters.
How can underwriters leverage automated solutions without changing their recipe? By integrating no-code reporting into their workflow.
Explore how digital solutions, like FlashSpread, provide a multilayered approach that reduces lending fraud for financial institutions of all sizes.
Credit analysis and default risk calculations are leveraging the speed and accuracy of spreading with automation.
