Commercial Lending is critical for many banks in maintaining long-term profitability. But competition is increasing, margins are under pressure, and compliance is intensifying. So there is a huge premium on efficient, high-quality Commercial Lending and its supporting Operations.
As banks seek to meet these challenges, Bank Solutions Group offers deep expertise in all aspects of Commercial Lending. Our consultants have years of experience, much of it as bankers meeting the same challenges you face today.
Commercial Lending Process
At most banks, processes unfold over time and evolve into convergent standards for different Commercial Lending products, making it difficult for bank personnel to work efficiently from different locations for maximum productivity. Bank Solutions Group has helped many banks reengineer their Commercial Lending processes, saving them money and improving their customer service. We have a proven process improvement methodology that achieves significant results in 9-12 months.
Nothing eats up lending profits like labor-intensive processes. Today customers have high expectations for technology that make paper-intensive applications, with the associates slow approvals and complicated documentation requirements, a thing of the past, along with slow approvals and complicated documentation. CEOs and Management need better asset quality and delinquencies reporting. Compliance officers need systems to ensure errors and omissions are difficult to commit but easy to monitor. New Commercial Lending systems mitigate all these problems and more. They are typically integrated with the bank’s other lending systems, so the choice and implementation is critical. Bank Solutions Group helps banks integrate the new technologies and re-engineer the operating process to maximize efficiency and improve the customer experience.
360 View of the Customer
Commercial Lending customers represent an enormous opportunity for their bank, but it is squandered if the bank cannot “see” the entire customer relationship across all the bank’s business units, identify the customer properly in each area, and leverage the relationship. Bank Solutions Group consultants are skilled in bringing together the bank’s system and processes to develop the “360” Degree Customer View.
Regulatory Scrutiny and Compliance
Banks face ever increasing lending compliance requirements and the scrutiny of regulators and auditors. Many banks have been forced to increase their compliance staff and create cumbersome workarounds and still find themselves exposed to criticism, fines, and increased oversight. Bank Solutions Group offers a complete Commercial Lending compliance audit, highlighting areas of vulnerability and proposing Quick Impact as well as long-term fixes.
Why is Bank solutions Group so successful in turning around Commercial Lending operations?
Because we understand culture. We understand that no one system, process, or answer works for all banks. We work within your culture to make your bank successful in its own unique environment and strategy! Our solutions, including end-to-end, are carefully crafted to achieve your objectives.