The Emerging Digital Lending Opportunity for Community Financial Institutions
Community financial institutions do not make money on small business loans under $100K or consumer loans under $35K due to non-automated and often manual underwriting and renewal processes. Now, with digital lending technology, you can!
Today, most checking customers hold these unsecured loans elsewhere—with online lenders or credit cards—which puts your institution’s existing relationships and growth at risk. Cloud-based digital lending technology enables you to efficiently and profitably deliver e-signed consumer loans under $30K and small business loans under $100K in only minutes—from computers and mobile devices—for a superior customer experience.
Attend this one-hour webinar to learn how several community banks are using cloud-based digital lending technology, which provides sound underwriting completely under the institution’s control, as well as automated risk rating, credit monitoring and compliance, while keeping account holder data safe and secure.
Specifically, the webinar will cover:
- The $30 billion income opportunity for community banks documented by multiple studies, including the potential ROA for your institution.
- The requirements for a superior digital and mobile lending experience.
- How digital lending manages loan applications, adverse action, Reg B and other compliance efficiently and with no paper or staff time.
- The way FIs control underwriting, compliance & data security, and keep the loans on their balance sheets.
Attend this webinar to learn how your bank can streamline lending processes, grow your loan portfolio and recapture loans lost to non-bank lenders using digital lending technology.
Trevor is a strategic marketing veteran who has spent much of his 20-year career developing marketing and distribution products and services for top-tier banks and suppliers to the banking industry. With BSG Financial Group, he develops new client relationships in the Northeast.
2:00 PM - 3:00 PM