article thumbnail

Benefits of Leveraging Technology for Document Preparation

Abrigo

Technology has enabled financial institutions to operate more quickly and efficiently, creating a better experience for customers. Financial institutions are looking for a solution to increase efficiency, decrease risk, and provide complete, defensible documentation for loan types. Learn more.

article thumbnail

Intelligent document process market ‘exploding’

BankInovation

When Citizens Bank wanted to import data from the financial statements of its commercial borrowers, it turned to intelligent document processing (IDP) to automate aspects of the process, which previously relied on manual keying. Intelligent document processing leverages artificial intelligence (AI) technologies to read and process documents.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Byte-9: Build your own in-house technology radar

Perficient

Do you have your own technology radar? Technology radar helps to give a view of your tools and technologies which are in play and assigning them to the different quadrants of the radar. Here are some tips to build your technology radar . Create documents to support your technology radar .

article thumbnail

Why banking technology makes sense – recession or not

Abrigo

Banking technology decisions now affect future growth With the possibility of a recession, community financial institutions may consider a delay or cut in technology spending. Takeaway 2 According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages.

article thumbnail

The Non-QM Market Experiences a Remarkable Comeback: Check Out the Industry Guide

As the commercial lending market continues to evolve, non-QM loans are becoming an increasingly popular offering among lenders looking to create new revenue streams. Commercial lending is going through an important transformation as consumers demand better solutions and technology works to address long-standing problems in the industry.

article thumbnail

Leaked Documents Show UN Facial ID Tenets Framed By China

PYMNTS

Technology firms in China are framing facial recognition policies at the United Nations (UN), The Financial Times (FT) reported on Sunday (Dec. 1), citing leaked documents. . Standards offer companies a market advantage since the regulations are developed to complement their own proprietary technology.

National 144
article thumbnail

Best practices for documenting analytical procedures

Abrigo

By Lana Richards, Contributing Writer, Sageworks Documenting audit and review procedures often feels more like administrative than value-adding work. And some procedures—like analytics, for example—require more extensive documentation due to the amount of judgment applied in their selection, design and evaluation.

Analytics 150
article thumbnail

The Lender's Guide to Automating Complex Loans

This comprehensive guide provides commercial lenders with key insights into automating small-balance, mid-market, and large-cap loan documentation with advanced technology. Check out the guide and get your custom ROI!

article thumbnail

Transforming Non-Performing Assets With Loan Modification Automation

Loan modification automation empowers lenders with advanced technology to handle a high volume of loans when needed most. Shifts in the market, combined with over a trillion dollars in commercial loans maturing in 2023, intensify the need for automated documentation solutions.

article thumbnail

Digital Commercial Lending Technology Case Study: Increasing Loan Volume and ROI

See how theLender, using transformative digital technology, grew their lending volume by orders of magnitude with an innovative approach to mortgage lending. theLender recognized this gap in the market to address the pressing needs of both lenders and borrowers.