How Many of These Origination Frustrations Can Your Financial Institution Avoid?
Slow decisions and frustrating loan application processes are among borrowers’ biggest gripes with banks and credit unions compared with online or alternative lenders. Many typical origination processes generate complaints from staff and management of traditional financial institutions, too.
Here are 10 frustrating aspects of the application and underwriting processes that your financial institution can avoid by switching to a loan origination system (LOS). How many of these do your lenders and analysts encounter every day?
Download to learn:
- 10 common frustrations in loan origination
- Alternative options for the biggest challenges facing lenders and analysts
- How to transform your lending and credit risk process for your customers and internal staff