Loan processes are complex. From loan origination to underwriting to closing, there are many moving parts for each application, creating unwanted and unnecessary bottlenecks along the way.
Earlier this year we formally surveyed banking executives from across North America to help us better understand the pitfalls within loan processing. One of the most surprising results was that half of the executives surveyed rate their loan processing environment as either lagging the competition or merely adequate. We recently launched an extended, global, version of the survey and invite you to participate at http://svy.mk/KTr2S5.
While it’s no deep, dark secret that executives and stakeholders alike are looking for better ways to simplify, streamline and continuously improve the loans, credit and financing processes within their organizations, it is not always clear what changes can have the greatest impact. Improving these processes starts with an understanding of the current industry priorities, benchmarks, regulatory requirements and consumer demands.
To learn more about the current state of the financial services industry, join us on Wednesday, June 13th at 2:00PM EST as we unveil the results of our executive survey9 in a webinar, Mending Lending: Trends and Best Practices to Improve Loan Processing. During the webinar, Rodney Nelsestuen, Senior Research Director for TowerGroup and I will be discussing some of the surprising findings from the executive survey, industry trends, as well as offering proven best practices and actionable approaches to transform your loan processes. All attendees will receive a complimentary copy of the survey findings.
We hope you will join us at the webinar session and please take a moment to participate in the survey.
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