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Lending software buyer’s guide for community financial institutions

Many community financial institutions are looking to expand their customer base and grow the loan portfolio. At the same time, pressure to reduce operating costs means they must accomplish these goals efficiently while ensuring loan policy consistency.

These smaller financial institutions often turn to community lending software to help achieve these goals. Software that can take, review, and process loan requests and related documents is a critical investment that is heavily scrutinized. Financial institution leaders must ensure the potential solution will meet the unique needs of the institution. The following buyer’s guide will review four major areas to consider.