Shorten loan turnaround time
- 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
Sageworks Workflow interacts with other solutions to create an end-to-end solution that reduces inefficiency and exceptions. Streamline and track progress for the life of the loan: data entry, loan origination, underwriting, approval, annual reviews, borrower correspondence, stress tests and impairment.
Win Loans Faster
Sageworks Loan Automation is a customizable, relationship-based automation tool allowing bankers to make informed loan decisions quickly, respond to customers automatically and notify designated users and borrowers of next steps.
Whitepaper: Using a Workflow System to Meet Institutional Goals
In the highly competitive environment in which community banks and credit unions operate, one obstacle that can make an institution uncompetitive is inefficiency, particularly within a credit department. In this paper, the author identifies how a defined workflow can reduce these inefficiencies.
Hear from a Client
Lisa Eberding and Marine Bank were searching for a system that allowed them to improve internal communications and streamline credit processes, but the bank needed flexibility since every “ every bank does things just a little bit differently.”
“[Sageworks Workflow is] a platform that would allow us to include our internal communications…make it so that, very quickly, lenders, credit analysts and managers could easily see where a deal was at in the process, what had been done and what still needed to be done. It allowed us to streamline our approval process and move away from paper, signatures, copying, and scanning and all that stuff. We now use the system as an electronic credit approval, and that’s working quite well for us. It allows us to very quickly respond to our customers’ requests.”
She also noted the transparency. “We could see loan information, the financials, collateral, covenants, risk ratings – all the things that were going for a particular client – without having to access the core necessarily or other systems that are not as easy to use for our line lenders.”