Sandstone employs professionals with substantial expertise in the Lending and Direct Banking industries. Our business consultants are regularly asked to submit white papers to industry journals and deliver presentations at industry events.
On this page you will find several articles written by our subject matter experts that will help you to understand what’s involved in a successful lending transformation program that will allow you to generate significant cost savings along the way. Technology is only one part of a successful lending transformation program – you will need to review your entire process before embarking on such a project.
End to End Lending Transformation
We all use buzz-words to describe newly discovered solution development and implementation processes, but what does this all really mean? Does the lender really want to automate their current processes to achieve better outcomes; or are they looking to revisit their lending business to determine new approaches to packaging and delivery of products to their customers?
Reducing your Origination Costs by Transforming Your Lending Processes
Before going ahead and transforming your lending program, you will need to establish how best to structure your transformation program so as to keep your loan origination costs to a minimum.
The Secrets to a Successful Lending Transformation Program
In previous articles we have looked at the reasons why you should think about transforming your lending process and the benefits that transformation may bring. It is now time to examine the factors that contribute to a successful lending transformation program and how technology can be used to help you achieve your transformation objectives.
The Benefits of Lending Process Transformation
Transforming and automating the end-to-end loan origination process is enabling lenders and other originators to offer new levels of customer service and faster credit decisioning, while at the same time giving them the flexibility to adapt their lending offerings in a fast-moving and competitive market. This in turn is offering access to new technological opportunities, including direct retail and broker origination and self-service processing across the web.