4 Ways CLOUDecision Improves Relations Between Customers and Banks

For the commercial lending departments of today’s banks and credit unions, it is imperative to have access to an integrated and efficient loan evaluation system that supports applicable internal and external policies. However, the right system has a reach far beyond improving a financial institution’s internal mechanisms. It also builds trust with clients and streamlines processes for both sectors.

If your bank or credit union has been looking for a robust, comprehensive and intuitive system that delivers these points, CLOUDecision Complete is the solution. Here’s how this cloud-based package addresses these pain points:

1. Increase in Loan Volume

CLOUDecision automates workflow providing bankers with the ability to underwrite and analyze loans within a few minutes instead of the days and weeks that it takes using other methods. This allows loan officers to process more loan requests within the same amount of time, increasing their efficiency.

2. Reduction in Loan Closing Time

CLOUDecision allows you to stipulate a specific set of parameters that are used to evaluate each loan. This eliminates the guesswork involved when attempting to determine the viability of a particular application. Managers have access to the accurate and robust reports they need to make informed decisions. In turn, customers are provided with information about their request quickly.

3. Decrease in Operating Costs

Implementing a cloud-based platform eliminates the need for ongoing maintenance fees, new software, updates and other associated costs that are part of using a server-based system. CLOUDecision is continuously updated in real-time with the most recent regulatory requirements.

4. Guaranteed Compliance

Compliance with a growing body of governmental and industry regulations is vital to the continued growth of credit unions and community banks. Unlike larger financial institutions that have departments dedicated to ensuring compliance, smaller entities have attempted to address these issues with a patchwork of solutions that often results in redundancy, a lack of oversight and other troubling issues. CLOUDecision guarantees compliance on all levels with proprietary built-in features.

CLOUDecision is a cloud-based platform designed specifically for the commercial lending needs of established and growing financial institutions. Contact us today to request more information on how we can develop a custom process that meets the needs of your bank.