Abrigo

NOVEMBER 17, 2023

Loan automation and workflow efficiency take borrowers from loan requests to credit decisions without the delays, repeated data entry, and miscommunication familiar to many loan officers and credit analysts. The time savings for credit analysts speeds up the decision for borrowers, creating a better chance to win deals.

Credit Unions 89

Credit Unions CECL Credit Risk Credit and Collections 89

Abrigo

APRIL 22, 2024

The personal underwriting process is largely paper-intensive and manual, often done with the aid of [E]xcel spreadsheets, and there is a reliance on personal credit scores, particularly in the larger banks. The response times are slow, often several weeks and even months until borrowers are approved or denied.

Credit Unions 97

Credit Unions Small Businesses Credit and Collections Credit Risk 97

Abrigo

MAY 22, 2024

The personal underwriting process is largely paper-intensive and manual, often done with the aid of [E]xcel spreadsheets, and there is a reliance on personal credit scores, particularly in the larger banks. The response times are slow, often several weeks and even months until borrowers are approved or denied.

Credit Unions 78

Credit Unions Small Businesses Credit and Collections Credit Risk 78

Abrigo

MAY 10, 2021

Thus, a critical function of a bank or credit union’s commercial loan origination solution is that it notifies individuals at key steps of the process, such as when the loan application is complete or when all documents have been submitted. The workflow is constantly interrupted, and efficiency is lost.

Credit Risk 78

Credit Risk CECL Credit Scoring 78