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Improve Productivity and Competitiveness in Small Business Lending While Mitigating Risk
Omaha, NE (PRWEB) July 16, 2014
WebEquity Solutions®, a leading commercial lending software provider, today announced new functionality to help banks compete more effectively for small business loans.
Commercial lending continues to be a bright spot for US banks in 2014; in particular small business lending represents a strong growth opportunity for many financial institutions. However, the competition for these business credits can be intense and the risk can be difficult to assess. WebEquity aggressively invests in its cloud-based lending platform, to deliver functionality which enables banks and credit unions to respond to these market dynamics.
WebEquitys new and enhanced small business lending functionality includes:
Serving small business borrowers requires speed and objectivity. Using WebEquity with the FICO SBSS scoring enabled us to cut our underwriting time from two days to two hours; and, we significantly decreased early delinquencies. We are winning more business, in a much more efficient way, James P. Gay, Chief Credit Officer of Suffolk County National Bank.
About WebEquity Solutions LLC
WebEquity® is the proven leader in on-demand lending software. More than 800 financial institutions and 20,000 lending professionals use WebEquity to automate and streamline their lending process and reduce operational costs, while making more uniform and profitable credit decisions. The company offers financial institutions a distinct advantage with a single solution that works for all loan types, an on-demand model that provides centralized, anywhere access, and the flexibility to configure the system to fit lending practices. WebEquity serves institutions in the U.S., Canada and Australia. WebEquity is the Preferred Service Provider of the Independent Community Bankers of America (ICBA) for commercial/Ag lending, stress testing and ALLL software. For more information call 800.264.0787 or visit http://www.webequitysolutions.com.
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