While banks, credit unions, and finance companies have adopted online lending processes, the use of paper forms in consumer lending isn't likely to decrease anytime soon.

And while financial managers agree that manual, paper-based loan processing is a source of excessive underwriting cost, transforming the loan origination process to an entirely digital and automated environment can be an onerous and complex process.

We can help.

Our Consumer Lending solutions support direct and indirect line of business products such as auto lending, home equity, unsecured lines of credit, and student loan financing.

By first imaging loan documents at their point of origin, encrypted files are securely transferred to central repositories via the web. This web transfer not only cuts loan processing time and document shipping costs, it gives you an auditable chain of custody throughout the entire process.

From the indexed repository, your staff can then automatically route loan documents for review and approval, cutting copying costs, shadow files and review cycles. By streamlining the entire underwriting process, you improve post-close and audit review processes and speed delivery of loans to the secondary market – ultimately improving loan profitability.