August 7, 2017
Community banks need to transform their outdated, costly and inefficient method of processing commercial real estate loans to a more efficient system that automatically ensures compliance every step of the way. Customizable, intuitive and collaborative, CLOUDecision’s CRE Origination Software provides financial institutions with an affordable alternative to current practices.
July 24, 2017
As of April 2017, the Small Business Administration (SBA) guaranteed 7(a) loans in the amount of $14 billion. This figure reflects an increase in volume of 9.4 percent over fiscal 2016. The 7(a) loan program, the agency’s most popular, provides guarantees up to $5 million. Another SBA program, the 504, saw its total rise to $3 billion as of April 28. Small banks are taking notice of this trend and utilizing two different methods to […]
July 7, 2017
Community banks and credit unions are not only facing continued competition from big-name banks with generous marketing budgets but also from online lending companies. These lending providers are securing an ever-increasing share of the market with their streamlined application processes and ability to offer a decision and access to the funds within minutes rather than days.
June 23, 2017
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.
June 9, 2017
The CFPB (Consumer Financial Protection Bureau) recently released examination priorities around lending practices of financial institutions. These examinations will ensure that all financial institutions are staying compliant in fair lending practices. Now, more than ever, having an up-to-date and robust system that self-monitors fair lending practices for your institution is critical make sure you are complying with these federal regulations.