Increase efficiency & loan volume
To give business borrowers the experience they want, banks and credit unions look toward digital applications that expedite loan turnaround. They also need internal processes that scale to allow the institution to grow. Sageworks Loan Application turns the institution’s website into a digital branch that is efficient for lending staff and allows borrowers to complete applications at their convenience online.
- Reduce back and forth with borrowers for a better customer experience
- Eliminate data entry for lenders to save time and reduce errors
- Allow customers to apply online through an easy, convenient portal
- Increase your revenue through digital channels
- Equip lenders to use the application during site visits
- Make the institution more competitive with faster response time to applications
- Expand market reach via a digital channel
- Convenient for your customers
- Increase your footprint without investing in physical branches
- Monitor the online pipeline
- Customers use the portal to enter application information
- Lower administrative costs of originating and renewing a loan
- Reduced data entry for lenders
- Shorten the loan process to gain a competitive edge with faster turn around times
- Instantly import loan data into Sageworks’ end-to-end platform
- Achieve greater efficiency in underwriting, approving, documenting, pricing, risk rating and stress
- Reduce errors caused by disparate data sources
- Maintain top-notch credit-risk analysis & standards
Credit Risk Readiness: One Decade After the Recession
Join Linda Keith CPA, credit risk consultant and trainer, as she walks through the actionable insights gleaned from interviews across the country and the 2018 Credit Risk Readiness Study.
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.
Plaid, Inc. Integration
No Data Entry Technology
Using No Data Entry technology, Sageworks users may aggregate asset account information from over 9,000 financial institutions to gain a holistic picture of borrowers’ financial status during personal or commercial loan decisioning. An API from Plaid, Inc. allows real-time balance information to be pulled and integrated into a personal financial statement.
Hear from a Client
Eric Bergevin of West Town Bank & Trust turned to Sageworks Loan Application to grow his loan portfolio in a scalable and customer-centric way.
“Like other banks, we were looking for ways to grow the loan portfolio, and to do that we needed a process that’s both scalable and customer-centric. With Sageworks Loan Application we can meet those objectives, reduce inefficient back and forth communication, eliminate manual steps for our lenders, and expedite the process so we get back to borrowers more quickly.”
President & CEO
West Town Bank & Trust