OnBase enhances your ability to make decisions on loans so you close them quicker than your competition. It also decreases the time and costs involved in the delivery of a loan.
Using OnBase electronic documents and workflows, you automatically forward complete and accurate packages through the loan process, while notifying the proper people when they're ready for review, incomplete or inaccurate. The increased speed helps you catch errors and recognise revenue quicker.
Investors and customers also receive their loan documentation faster and with greater accuracy, laying the foundation for future sales opportunities. When it comes time for servicing, you manage documents like checks, letters and reports with the original loan information. Everything you need to process, underwrite and service a loan is in one place.
Further improving the loan process, OnBase makes it easy to track documentation for loans associated with many borrowers by letting you grant multiple parties the ability to collaborate and manage revisions. The increased speed and access improves customer service levels and ensures opportunities for new business stay high.
With OnBase providing a single, central location to store and manage electronic documents, you:
- Close loans quickly, giving you a competitive advantage
- Increase the speed and accuracy of your loan process to recognise revenue quicker
- Manage loan documentation and information in one central location
The lending industry is extremely competitive, so the quicker you respond to customers, the better your chances are to do business with them. OnBase reduces the time, costs and risks involved in the delivery of a commercial loan. It also gives you the ability to approve and close loans faster than your competition.