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Regulatory Burdens Require Loan Automation
Banks need more automation, visibility and control over their lending to reduce risk and ride the waves of compliance.
By
Steven Croft, SVP, Cypress Software Systems (North Richland, Texas)
March 04, 2010
Manual processes are no longer sufficient. Banks need more automation, visibility and control over their lending to reduce risk and ride the waves of compliance. Unless an institution has the resources to man an entire IT and analytics department, then lending technology will be required for banks to grow, become compliant and increase market share. The best technology solutions feature automated workflow, a decisioning engine and analytics that help institutions quickly process loan applications, streamline underwriting and efficiently provide the information and reports that examiners crave.
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