April 25 – DH Corporation, a leading provider of technology solutions to financial institutions globally, has announced the launch of its new Commercial Origination & Processing functionality for LaserPro® lending solutions. The new enhancement reduces the preparation time needed for lenders to originate and process a commercial lending transaction, offering a seamless, integrated, repeatable, and transparent approach to commercial lending origination. LaserPro is the recognized industry leader for compliant loan origination, processing, and document preparation for mortgage, consumer, and commercial lending.
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April 18 – Cloud Lending Solutions, a cloud-based, end-to-end lending platform delivering innovation to the global lending community,has announced the availability of loan buyback support for CL Loan™ and CL Marketplace™. No other lending platform offers an automated loan buyback option today.
March 17 – U.S. bankers expect to lend more to businesses in 2016, according to new survey data released by Sageworks, a financial information company. Fifty-nine percent of the U.S. bankers surveyed by Sageworks told the company that they expect their institution to make more or significantly more commercial loans this year in comparison to last year. Just 5.6 percent of respondents expect their institution to make fewer or significantly fewer loans to businesses this year. (more…)
March 16 – DH Corporation, a leading provider of technology solutions to financial institutions globally, has announced that it has finalized integrations with its consumer lending platform, DecisionPro™, and Motivity Solutions – now offering financial institutions a lending-centric business intelligence and reporting solution. Motivity Solutions customized its industry-leading mortgage business intelligence platform, Movation®, specifically for financial institutions using DecisionPro.
March 7 – BancAlliance, a network of more than 200 community banks across 40 states, and Fundation, an online small-business direct lender, have announced a partnership that advances the small-business lending capabilities of community banks and brings greater choice and simplicity to small businesses seeking credit from their local community bank.
By Michael Scheibach
Providing an efficient way for small-business customers to obtain loans is becoming increasingly important as banks face ever-mounting competition from online lenders. Achieving this, however, requires moving beyond the traditional (i.e., time-consuming, cumbersome) lending process and embracing new technology and streamlined approaches that, in many cases, means working with a nonbank, or so-called fintech company.
March 1 – BancAlliance, a network of more than 200 community banks across 40 states, and Fundation, an online small business direct lender, have announced a partnership that advances the small business lending capabilities of community banks and brings greater choice and simplicity to small businesses seeking credit from their local community bank.
February 24 – Luther Burbank Savings has announced the expansion of its lending team with the addition of Tim Sorenson, who has joined the bank as Senior Vice President, Director of Retail Residential Lending. (more…)
February 19 – Independent Community Bankers of America (ICBA) President and CEO Camden R. Fine released the following statement on the National Credit Union Administration’s (NCUA) approval of relaxed business-lending rules for tax-exempt credit unions.