We're going to go through an example of an existing customer comes in, and they have, a new loan application that you wanna put into the system and begin tracking. So we're gonna say Amalgamated Industries is applying for a new loan. We're gonna select this link to add a new loan application. Whatever loan types you track would be visible here along with possible statuses. We're gonna choose this commercial revolving line of credit and say the application is in process. Now the loan type that is selected is going to drive what documents are going to be available to image. So once we have this application information in here, you may need to, say, add the image for the application. I'm gonna take a loan application form. I'm just dragging that out of a folder, dropping into that application tab, and it does a quick upload. Now every user that has permission to view applications can see that document. So once the lender has gone in, they can now take action on this application. And all of the actions that are built in your system that a lender has access to are going to display. So everything that you do with your application, it is all going to be saved in the history with this application. As you go through these workflow steps, you'll be able to determine what statuses will be affected, who's going to be assigned, who needs to be notified.
In this short on-demand demo, learn how AccuApproval simplifies and speeds up the commercial loan approval process. Reduce time spent managing your commercial loan portfolio workflows with an end-to-end loan management and real-time exception tracking solution designed to keep your institution competitive.
Watch now for best practices on:
- Automating loan routing and approval workflows
- Generating real-time insights into your commercial lending pipeline
- Simplifying and streamlining workflows across departments
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