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Most banks still manage their construction loans on cumbersome spreadsheets, but that wasn’t acceptable to a high-growth bank like Pinnacle.
Credit analysis is shifting so lenders can make better decisions. Here’s what banks should know.
OCC the first to say banks can again consider offering short-term, small-dollar loans.
Modern lending technology is helping banks improve efficiency and the user experience.
Relying on digital solutions rather than old-fashion spreadsheets to manage the construction lending process will improve efficiency and reduce risk.
New technologies can make risk mitigation and compliance a simpler puzzle to solve.
Streamlining the loan process through a digital experience benefits borrowers and banks.
Banks are the lifeblood of construction lending, but new technology is needed to better manage these loans.
The real value in digitization is the data modern technology can unlock.
One significant growth opportunity is in digital lending automation.
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