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7 Myths About Commercial Banking And Digital Transformation

In Commercial Lending, Featured, Underwriting Automation by Yulia GnatyukLeave a Comment

Read time: 4 minutes Commercial banking sector is evolving continuously The great recession was a major body blow. The subsequent rise of fintech lenders, especially in the retail segment, has meant that digital transformation is no longer a question of value addition but of survival. But not in the case of commercial banking. The truth is that commercial bankers and ...
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4 Challenges of Manual Consumer Lending and How Automation Solves Them

In Featured, Underwriting Automation by Yulia GnatyukLeave a Comment

Read time: 4 minutes Consumer lending traditionally involves several manual processes that greatly increase the time needed to complete a loan transaction. Even though most consumer loans may only require 30 minutes of actual work, moving information from one step to the next, often between separate physical locations such as a branch and a main office, can add hours or ...
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MonJa’s Digital Banking and Lending Monthly Roundup | April 2019

In Commercial Lending, Industry News, Small Business Loan Underwriting, Underwriting Automation by Yulia GnatyukLeave a Comment

6 Minutes Read MonJa's Digital Banking and Lending Monthly Roundup - Why Subscribe? Digital banking and lending is evolving rapidly. Recent fintech-banking partnerships and innovation in technology with the introduction of AI, ML and blockchain herald a new era in lending. Fintech's are changing the competitive ecosystem,  empowering lenders to process loans faster and smarter.  In a world full of ...
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Mobile Apps for Lending: What Makes Them Tick?

In Commercial Lending, Featured, Small Business Loan Underwriting, Underwriting Automation by Yulia GnatyukLeave a Comment

Read time: 3 minutes, 45 seconds. Automated loan underwriting is a significant time saver for lenders.  But it really does manage only one step in a potentially lengthy review process for a complete loan file. The processing of a loan file begins with collecting, organizing and verifying loan information. Lenders of all types are discovering that one way to streamline ...
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12 Features to Look For in Lending Software

In Commercial Lending, Featured, Small Business Loan Underwriting, Underwriting Automation by Yulia GnatyukLeave a Comment

5 Minutes Read. Lending software that automates loan underwriting can greatly reduce friction points in the lending process. The benefits of faster, more efficient processing, however, should not compromise sound lending guidance. Software can reduce underwriting to an automated process according to pre-set guidelines, but there may be areas where automated underwriting is insufficient. Lenders must balance process optimization with ...
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Commercial Vehicle Lending in the Digital Age

In Commercial Lending, Featured, Small Business Loan Underwriting, Underwriting Automation by Yulia GnatyukLeave a Comment

 4 Minutes Read. Commercial vehicle lending is embracing digital technology at a quickening pace, but loan underwriting is still largely carried out using conventional, non-automated methods. The aggressive push to expand auto lending by some big banks, however, along with the introduction of new channels such as direct lending, may help to drive greater automation. The commercial vehicle lending landscape ...
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Can Automated Underwriting Help Your SBA Loan Clients?

In Commercial Lending, Featured, Small Business Loan Underwriting, Underwriting Automation by Yulia GnatyukLeave a Comment

 4 Minutes Read. Loans guaranteed by the Small Business Administration (SBA) are a valuable source of capital for many growing businesses. Small business lending software can now help lenders make their SBA lending faster, more customer-friendly and more profitable than ever before. A brief overview of SBA lending The U.S. Small Business Administration works with lenders to provide loans to ...
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MonJa’s Digital Banking and Lending Monthly Roundup | March 2019

In Commercial Lending, Industry News, Small Business Loan Underwriting, Underwriting Automation by Yulia GnatyukLeave a Comment

6 Minutes Read MonJa's Digital Banking and Lending Monthly Roundup - Why Subscribe? Digital banking and lending is evolving rapidly. Recent fintech-banking partnerships and innovation in technology with the introduction of AI, ML and blockchain herald a new era in lending. Fintech's are changing the competitive ecosystem,  empowering lenders to process loans faster and smarter.  In a world full of ...
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A Speedy And Hassle-Free MCA Lending

In Featured, Small Business Loan Underwriting, Underwriting Automation by Yulia GnatyukLeave a Comment

 4 Minutes Read. Merchant cash advance or MCA lending is a popular financing option to traditional loans for small businesses. For lenders, however, the MCA lending process requires more work and can take longer than processing conventional loans. Automated underwriting platforms such as the system offered by MonJa can help streamline the MCA lending process and improve productivity. How MCA Lending ...
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Technological Solutions For Credit Unions

In Commercial Lending, Featured, Small Business Loan Underwriting, Underwriting Automation by Yulia GnatyukLeave a Comment

8 Minutes Read. Credit unions have typically been slower to adopt new fintech solutions than other financial institutions, but that is changing. 2018 was a great year for innovation in the finance space, with technology making processes faster, more productive, and more customer-friendly. Credit unions are increasingly recognizing these advantages of tech-driven lending solutions and are looking to deploy them in ...