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Sageworks Rolls out New Loan Automation Tool

September 21 — Sageworks, a financial information company that offers lending, credit risk and portfolio risk solutions to banks and credit unions, announced the launch of the Sageworks Loan Automation tool to help financial institutions increase the speed and ease of their lending processes.

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8 Practical Tips for Preparing for CECL

August 1 — With the deadline looming, tips for CECL prep are coming from all sides. Having trouble sorting through it all? Here are some practical tips to keep your institution on track.

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Transforming Your Lending Process, Part IV: Kickoff

By Neill LeCorgne

Note: This is Part IV of a four-part series. Click here to read Part III. 

July 19 — Kicking off technology change at an institution is a unique process based on the personality, resources and skill set of the institution and its staff. Some institutions like to do a soft and slow roll out, while others prefer an overnight sunset of the old technology for replacement by the new.

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Transforming Your Lending Process, Part III: Technology Implementation

By Neill LeCorgne

Note: This is Part III of a four-part series. Click here to read Part II. 

July 18 — Phase 3 focuses on the implementation of the technology into the institution’s current lending process using new process workflows. A first step in the implementation process is a scoping meeting to discuss mapping key data from the institution’s core to the vendor platform.

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Transforming Your Lending Process, Part II: Vendor Selection

By Neill LeCorgne

Note: This is Part II of a four-part series. Click here to read Part I. 

July 17 — Phase 2 focuses on the selection of a vendor partner. A second team of institution members is recruited to support the smaller leadership team. These new team members provide more technical support to the smaller evaluation team and should include a commercial lender, senior lender, senior credit officer, senior credit analyst, senior loan administration officer, compliance officer and a senior technology officer. This phase includes the research of vendors in the technology space that the institution believes can meet the project objectives.

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