Preparing for a Revitalized Commercial Lending Forecast

According to a new Mortgage Bankers Association survey, commercial lending is expected to increase in 2014 – with 91 percent of the top firms polled anticipating originations to increase.

Unfortunately, commercial lending has historically been labor-intensive, with limited investment in process modernization. But with an increasingly hungry and competitive market, the ability to control origination and servicing costs – while complying with regulations and delivering high quality service – has become a necessity.

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Reduce paper dependency to increase speed, accuracy and transparency

Transparency is paramount for meeting compliance needs, but relying on paper fogs your vision. The right technology allows commercial lenders to increase both transparency and efficiency by breaking free of antiquated processes that depend on paper, making your institution a best-case scenario for auditors and an easy choice for consumers. Doing so also significantly reduces the costs and risks involved with paper.

To manage growth and stay ahead of the evolving regulatory environment, many commercial lenders are evaluating enterprise technology solutions that offer records management and workflow tools that can empower the entire organization.

That’s where enterprise content management (ECM) solutions help.

Instantly access electronic documents and information

ECM gives commercial lenders increased transparency into documents, information and processes by capturing paper electronically, making it instantly accessible to the entire organization with a few mouse clicks. In the background, workflows automatically route documentation through processes, alerting key stakeholders as it does.

Gaining further improved visibility, executives and managers use customizable dashboards that present overviews of critical information, giving them real-time insight into processes.

Optimize your processes to ensure ongoing success

Not only does ECM increase the ability to share information internally and externally, it also helps identify roadblocks and gauges the effectiveness of processes. By measuring key performance indicators, management optimizes processes, creating a competitive advantage in the marketplace.

Whether it’s the spike of originations or regulatory developments, enlisting ECM document management and workflow technology plays a key role in keeping commercial lenders ahead of demand, regulators and auditors.

The forecast for 2014 is hot. Are you ready for some fun in the sun?

 

Michelle Harbinak Shapiro

Michelle Harbinak Shapiro

Michelle Shapiro brings more than 15 years of experience in the banking industry to her role as Financial Services marketing portfolio manager at Hyland. Her mission is to share best practices and evangelize the power of ECM as a tool for banks, credit unions and lenders to help automate paper-based processes and proactively manage regulations.

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