Commercial lender reports provide lenders with important information about a variety of topics, especially with regard to existing relationships and potential lending opportunities. A financial institution’s leaders, such as the Chief Lending Officer or VP of Commercial Lending, may also rely on similar reports to understand commercial lending effectiveness and general pipeline trends.
Examples of Commercial Lender Reports
Commercial lender reports vary depending on the financial institution’s operations and reporting requirements. That said, common examples may include:
Lending Opportunity Reports, such as a pipeline report that shows potential loans organized by value, status, type, lender, and other relevant details.
Relationship Reports, such as a report that shows lenders’ largest customers with loan commitments over $500,000.
Exception Reports, such as a report that surfaces any missing documentation from a customer’s loan file.
At-Risk Relationship Reports, such as a report that shows commercial customers who have recently made unusually large draws from their lines of credit.
Delinquent Loan Reports, such as a report that shows accounts that have fallen into delinquency during the past week.
Commercial Lender Activity Reports, such as a report used by management to track lenders’ calling and meeting volume over the past month
Commercial Lender Reporting Challenges
As with many other functions in banking, some financial institutions rely on spreadsheets or other manual processes to track important commercial lending information. Doing so may be feasible for small commercial lending teams; however, as the team grows, such methods may become unscalable due to:
Time-Consuming Workflows: Commercial lenders should be focused on helping businesses acquire the funding they need. Keying data into spreadsheets and emailing data files takes away time from lending activities.
Data Issues: Manually tracking commercial loan data can be error-prone and lead to unreliable insights for lenders and management.
Reporting Delays: Gathering data and generating commercial lender reports takes time—sometimes days or weeks. Data from last week may no longer be relevant, further eroding confidence in reporting accuracy.
Tracking commercial loan documentation and related data in a system like AccuAccount can streamline commercial lender reporting, especially when used in tandem with AccuApproval and our Dynamic Reporting module. Explore AccuAccount from Alogent.
