Automating commercial lending offers benefits—primarily increased productivity—that grow loan portfolios and reduce loan losses.
Mandated with aggressive growth rates but burdened with labor-intensive workflows, managers of commercial lending operations are under pressure to achieve both scale and speed. The achievement of these goals, it turns out, are among the primary benefits when banks automate commercial loan underwriting and origination; they are also likely to remain elusive to banks that continue to rely on ossified manual workflows.
View senior analyst David O’Connell's webinar for the "do’s and don’ts" of commercial lending automation and the striking benefits automation offers.
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David O’Connell is a senior analyst with Aite Group’s Wholesale Banking team, where his primary coverage area is lending. A former commercial lender of 14 years, Mr. O’Connell brings to his lending coverage extensive hands-on and granular knowledge of banks’ challenges in building businesses that lend safely, cost-effectively, and at scale. Broadly scoped, Mr.