SaaS Lending Software

August 3, 2016
SaaS vs. Legacy Software | Cloudecision

SaaS Lending Software vs. Traditional Software

Deciding whether to implement Software-as-a-Service (SaaS) vs. traditional legacy software for assessing commercial loan risk should be based on several different factors. In addition to ensuring the software can perform the necessary operating tasks, it’s important to evaluate both the actual dollar amount and the value proposition of each. When […]
August 22, 2016
3 Reasons to Reconsider Legacy Commercial Lending Software | Cloudecision

3 Reasons to Reconsider Legacy Commercial Lending Software

There are many differences between legacy and cloud-based software. One primary difference is that legacy software is installed on a server in a central location. Each computer within your company must then be linked to that server in order to access its programs. Cloud-based software is not physically housed in […]
September 1, 2016
Cross River Bank & Cloudecision

Case Study: CLOUDecision & Cross River Bank

Cross River Bank, located in Teaneck, New Jersey, was in need of a “loan servicing software that would complement our core processor,” according to David Tilis, Director of Loan Operations/Servicing. During their search, Cross River Bank could find very few options that met their parameters. Not only did Cross River […]
September 15, 2016
How Saas Cuts Costs for Community Banks

How SaaS Cuts Costs for Community Banks

In today’s increasingly volatile lending environment, commercial banks and credit unions demand greater accountability while keeping costs down and ensuring compliance. The conventional approach of utilizing legacy hardware and software simply isn’t as efficient as it used to be. Software-as-a-Service (SaaS) provides advantages that not only cuts costs for the […]
October 14, 2016

Regulatory Changes and What It Means for Community Banks

Now more than ever, banks must demonstrate compliance with regulatory requirements for commercial lending. While big banks may have sophisticated software and the budget to easily handle changes, small banks often struggle to adapt to new regulations with old software. If your bank or credit union is experiencing difficulty keeping […]
October 19, 2016
Remaining Compliant with CLOUDecision Cloud-based Software

How Community Banks Can Maintain Compliance Costs with Today’s Cloud-based software

New banking regulations are driving up the operation costs for banks of all sizes. While it’s easier for big banks to purchase new data tools to remain compliant, small banks and credit unions feel the pinch of making these investments. Many are forced to reduce their offerings just to remain […]