The backbone of community banking is customer relationships. However, long-standing relationships that customers value are being threatened by online lenders and national banks promising better service and lower costs. Financial innovation is critical if community banks are to lower their costs of originating loans. Community banks must maintain their “customer first” advantage by providing superior customer experiences that reduce liability and streamline loan delivery. With the right technology behind them, community banks can drive customer success, lower costs, better manage risks and respond faster to change.
CL Originate is a next generation application for loan origination and underwriting designed to meet Community Banks requirements for automated decisioning and loan processing.