TOPIC: Commercial Accounts

Doc Prep System

Director at a Company (USA)
Originally Posted by Trisha Grover, Compliance Officer/Internal Auditor of First National Bank of Bagley, on 14 Mar 2019 to CBANC FI Professionals Community.

     
We currently have Finastra (Harland/D&H - whatever they are called now :-)) for our deposit and loan document prep.  We are currently looking at changing systems.  Does anyone have any recommendations as far as what system you use?  What's good about it and what's bad? Thank you for any input you can assist me with!!

    Small Commercial Loans

    Director at a Company (USA)
    Originally Posted by Chris Olney, Senior Vice President / Chief Credit Officer of North Valley Bank, on 23 May 2019 to CBANC FI Professionals Community.

         Would anyone be willing to share how "small" commercial loans are underwritten at their bank?  Do you have a streamlined presentation and approval process?  Do you use a scoring model, either purchased or developed in-house? Thanks!  

      Vendor Experiences

      Director at a Company (USA)
      Originally Posted by Jim Handley, Sr. Com/Ag Lender of Sunlight, on 16 Jun 2018, to CBANC FI Professionals Community.

           
      I'm a Commercial Banker who has switched over to a credit union. I'm working on up grading the Credit Union's loan department to full service AG, Commercial, Mortgage and Consumer offerings. Additionally we are wanting to make our products available on-line. In order to get this set up I'm looking to bring in a new vendor for Doc's, Administration and Underwriting support. I prefer one stop shopping if possible but I would mix and match vendors if that provided the best solution.Finastra (Laser Pro & Mortgage Bot) and Wolters Kluwer (Compliance One & CASH) are leading the pack right now. We are running CUnify on Fiserv.Does anyone have any experience with using either of these vendors on the core system we have in place?Any feedback or advice , good, bad or indifferent is appreciated. Thanks

        Digital Lending's Top 3 Features That Drive Revenue

        Most financial institution executives are aware of and understand that the term “digital lending” refers to the digitization of all or parts of the loan origination and funding process. Borrowers using a digital solution typically initiate the loan process on a financial institution’s website using a computer or mobile device. They get fast approval or denial of the loan amount, can accept the terms of the loan and sign most documentation using e-sign—all within minutes. 

        However, what are other digital lending solution attributes that can grow loan volume, improve efficiency and translate into bottom line savings and increased income? 

        Download our newest white paper to learn more!

          Looking for DYNAMIC Revenue? Offer DYNAMIC Overdraft Limits!

          Is your financial institution offering only static, one-size-fits-all overdraft limits? If so, chances are that your overdraft revenue is likewise static.

          American consumers differ dramatically in their income levels and deposit behavior. So why would you offer the same limit to all your account holders?

          Download our free white paper to discover the TOP 3 REASONS TO OFFER DYNAMIC OVERDRAFT LIMITS!