Speeding up the credit decision process is vital. While striving to be as methodical and rigorous as possible in their evaluation of every loan request received, lenders need to get to a decision in as timely a fashion as possible. Using a coherent...
The workflow feature in FINPACK+ helps lenders standardize the decision process from loan request to closing. Here are some of our most Frequently Asked Questions (FAQ) about using a workflow: “We’ve never used a workflow before. Is there a steep learning...
Task Lists in FINPACK+ help manage the efficiency and timeliness of loan processing activities for your team. Task Lists provide a ‘to-do’ list for credit team members, to ensure all steps of the credit process from request through the life of the loan are completed...
Reducing paper and making the switch to electronic loan files is a popular move by financial institutions today. The Document Management tool in FINPACK+ provides secure digital storage for all customers’ loan-related documents, allowing you to convert...
There are many examples of workflow in daily life, for me cleaning up after a meal, feeding animals, or doing laundry are all examples. But what is workflow? Workflow is defined by Wikipedia as “an orchestrated and repeatable pattern of activity, enabled by...
