Both lenders and borrowers are stressed during the lengthy loan origination phase for their own selfish reasons. The time and resource-consuming phase of loan processing often leave borrowers impatient and desperate. However, lenders loathe loan origination for the painstaking amount of time that goes into paperwork assortment, document verification and manual evaluation. The new wave […]
Guide to Assessing Loan Applicants With No Credit History
No lender wants to enter into a shaky alliance by giving out money to an applicant with a poor track record. Still, no lender wants to pass up the chance to earn higher revenue by lending to an applicant, either. So, how does a lender assess a loan application when the applicant has no credit […]
What You Should Look For When Analysing A Loan Applicant’s Bank Statements?
Bank statements are a great source important financial information, when assessing a loan applicant’s eligibility for a business loan. A loan applicant’s bank statement gives a periodic record of all the transactions undertaken by the applicant like deposits, withdrawals, cash transfers, debit card payments, interest earned, bank service fees, as well as the other instalments […]
See How Finezza’s Analytics Help Optimise Loan Management Process
Right from the time an application is received, and all the way until disbursement, a lot of data flows into the lending lifecycle. However, traditional lending management systems rarely make optimal use of this data. By employing the right tools and analysing this data, it is possible for a lender to reduce the inefficiencies in […]
How Finezza’s Mobile Ecosystem Helps Optimise Loan Management Process
While many fintech firms are competing with traditional banks and lending institutions by offering loans that can be approved with just a tap on the phone, lenders are compelled to digitise their processes and offer various mobile lending solutions to compete with the market. However, though many mobile lending solutions are mushrooming, very few solutions […]
Understanding How Finezza Can Streamline The Loan Origination System
“What is your biggest challenge in initiating the loan process?” This was the question posed to bankers in a recent survey by Moody’s Analytics. The Answer: 56% of bankers reported manual data collection and further back and forth talks with client. The commercial lending landscape to tackle the above issues has begun to witness a […]