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The life of a loan is a complex process, often involving many people at the institution and many steps. If credit workflows are inefficient, it dampens the institution’s turnaround time and as a result the borrower’s experience with the institution.
- Customize workflows to match your loan management needs
- Use notifications to prompt next steps and reduce stall time and bottlenecks
- See all the information related to a borrower in one, centralized place
- Use if/then and conditional logic in the development of workflow templates to match existing credit policy to automation
- Document each step of the process for better auditability
- Build efficient processes that can be used consistently for underwriting, booking, reviews or impairment
- Manage loans with an end-to-end solution At a glance, see all the information related to a borrower, including ALLL pools or stress tests Improve performance and productivity of lenders and analysts with automated pipeline reporting
- Start tracking prospective borrowers and prospecting activities in a centralized location to make activities reportable Link a workflow to a Sageworks page or a third-party site for ease of use Use Sageworks’ templates as a starting point for new workflows
- Tailor workflows to your institution’s processes Use notifications to prompt action from others working on the credit file
- Effectively communicate about the borrower to all parties involved Prevent incomplete credit files, using required steps and documents in a workflow
- Assign different access levels to control management of workflows
- Control notifications to staff through daily or as-soon-as available email alerts
- Provide analysts with a dashboard to help manage their workflows
- Quickly report on process exceptions and outstanding items
- Automate assignment of daily loan administration tasks
- Win more prospective loans by shortening turnaround time
- Create workflows to guarantee credits are appropriately stress tested as part of underwriting or reviews
- Access workflow steps quickly from every page