Abrigo

MAY 22, 2024

Recent stats and dynamics of the small business lending market Understanding the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 195

Lending St. Louis Community Marketing 195

Abrigo

FEBRUARY 7, 2023

How construction administration units mitigate construction lending risk Construction lending involves unique risks and requires specialized processes. WATCH Takeaway 1 The OCC recommends that construction lending risk be managed by specialized real estate and construction lenders who report to the credit department.

Lending 195

Lending Management Risk Management Software 195

Abrigo

JULY 20, 2024

Ready to catch the next wave of lending growth? Commercial and industrial lending (C&I) will be the next big performance driver for banks and credit unions. You might also like this paper on how institutions can produce smarter, faster lending. C&I lending will be the next “bomb.”

Lending 195

Lending Risk Management Management Capital 195

Abrigo

AUGUST 28, 2019

Slow lending decisions and frustrating loan application processes are among borrowers’ biggest gripes with traditional financial institutions vs competitors such as online or alternative lenders. The document manager system captures applicant information more efficiently and accurately than when staff must key in data from paper applications.

Lending 150

Lending Analysis Taxes Data 150

Abrigo

APRIL 30, 2020

Key Takeaways Borrowers must document how their PPP loans are used Borrowers must maintain employee and compensation levels At least 75% of the loan must be used for payroll and other permissible expenses Borrowers must have "economic need" for a PPP loan. Loan proceeds aren't documented.

Los Angeles 273

Los Angeles Lending Resources Software 273

PYMNTS

FEBRUARY 14, 2020

has debuted a new version of its B2B point-of-sale (POS) lending platform to help enable real-time lending for business purchases, the company said in an announcement. Technology and equipment vendors can be live in a matter of minutes, offering real-time POS lending with little or no integration needed. “As CIT Group Inc.

Lending 151

Lending Groups Online Technology 151

PYMNTS

NOVEMBER 3, 2020

3), stock exchanges in Shanghai and Hong Kong have suspended the looming IPO (initial public offering) in Ant Group, citing regulatory changes in the financial services landscape — and summoning executives including controller Jack Ma to meet with Chinese regulators at the China Securities Regulatory Commission.

Lending 199

Lending Meeting Groups Regulation 199

Abrigo

MAY 15, 2020

As the initial rush to secure PPP loans dies down, financial institutions now face a new set of questions: How do financial institutions handle misused, unforgiven loans and fraudulent loans? Stay up-to-date on the latest updates to PPP loans and guidance by visiting Abrigo's PPP Lending Resource page. Lending & Credit Risk.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

Abrigo

AUGUST 29, 2022

E-signature capabilities benefit both customers and staff Banks and credit unions that leverage electronic signature capabilities reap the benefits of a more efficient lending process. Takeaway 2 Digitizing the lending process with e-signature saves time as well as printing costs and means that mistakes only take a click to fix.

Lending 195

Lending Security Online How To 195

Abrigo

JUNE 12, 2020

Key Takeaways The soon-to-begin Main Street Lending Program (MSLP) aims to fulfill a need for mid-sized businesses to access relief funds amid the coronavirus pandemic. If a business secured a PPP loan, it is still eligible to apply for an MSLP loan; however, MSLP loans are not forgivable. While this is a promising sign, 13.3%

Maine 195

Maine Lending Regulation Resources 195

Abrigo

NOVEMBER 17, 2023

How to close more loans by speeding up lending and credit analysis Seeking a quicker loan origination workflow is worth it. Takeaway 3 Many aspects of traditional lending that slow down the loan origination process can be addressed through expanded automation. Learn where to find opportunities for improvement.

Lending 221

Lending Software System Taxes 221

Abrigo

MAY 10, 2021

Knowing these elements of an LOS and an LOS vendor is critical for senior financial institution executives either shopping for an LOS for the first time or considering an improvement to their bank or credit union’s current business lending process. Lending process management is key to timely decisions. Workflow & Analysis.

System 195

System Lending Analysis Software 195

Abrigo

FEBRUARY 3, 2017

Most notably, the institutions recognized that change was overdue for their business lending programs. You typically play document ping pong for days/weeks, potentially pulling in your accountant, to ensure the institution has all the documents required. Everything is so slow-moving.

Lending 150

Lending Community Bank Meeting Community 150

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. Why SBA Lending? Would you like others articles like this in your inbox? 1 and Sept.

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

NOVEMBER 9, 2020

Sound loan administration software or systems will generate accurate, timely information in a secure environment. Loan administration is a basic and yet far-reaching process of lending. Is the financial institution’s loan administration software or system prompting action to be taken where warranted and documenting that action?

System 195

System Lending Software Risk Management 195

Abrigo

OCTOBER 18, 2022

The basic functionality of construction loan management software For most financial institutions, a construction draw request consists of several sets of documents including budgets, receipts, and lien releases submitted by the contractor or developer to the lending institution. Construction Lending. Lending & Credit Risk.

Software 195

Software How To Lending Management 195

Abrigo

DECEMBER 8, 2016

As community banks and credit unions look toward 2017, many will be focusing on small business lending for loan portfolio growth, according to a recent Sageworks poll. However, small business lending comes with some unique challenges that banks and credit unions will need to address in order to grow their business lending portfolios.

How To 150

How To Lending Community Bank Community 150

Abrigo

OCTOBER 21, 2024

How financial institutions deal with problem loans Problem loans are a natural outcome of the risks banks and credit unions take when lending, and they should be expected over the long run during the ups and downs of the business cycle. Read and review every document in full. Review: Are there any defaults under the loan documents?

Strategy 195

Strategy Management Taxes Meeting 195

PYMNTS

OCTOBER 30, 2020

The Federal Reserve Board has modified the terms of the Main Street Lending Program (MSLP) to make it more obtainable for smaller businesses, according to a Fed statement on Friday (Oct. Loan documents outlining the modified terms are anticipated to be available sometime next week.

Maine 133

Maine Lending Security Payments 133

Abrigo

MARCH 14, 2022

Adequate loan administration software will allow an organization to access the hundreds of thousands of documents that some banks have on file. The time it takes to produce these documents is also essential to consider. Access should be easy but not at the expense of data security. Data security.

Software 195

Software System Policies Data 195

PYMNTS

JANUARY 24, 2019

Data and analytics company Ascension has suffered a data leak that exposed more than 24 million loan and mortgage documents from some of the country’s biggest banks. Unfortunately, the server wasn’t password protected, giving anyone access to the documents. It’s those documents that were exposed, Diachenko said.

Taxes 155

Taxes New York Security Data 155

Abrigo

JULY 5, 2020

Secure online portals allowed PPP loan applicants to upload required documents, and many credit unions finalized borrower applications with electronic signatures. But historically, SBA lending and member business lending isn’t a major focus among credit unions. A significant number of those were from new members.

Technology 195

Technology Lending Capital Meeting 195

PYMNTS

AUGUST 4, 2017

Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. Alternative Lending. 3) that it secured $250 million in equity funding from a subsidiary of SoftBank Group.

Lending 109

Lending Data Capital Fintech 109

PYMNTS

FEBRUARY 22, 2019

Hong Kong-based Lalamove has secured $300 million in Series D funding, reports noted this week, as the on-demand logistics company aims to expand across Asia. Freight forwarding technology firm Flexport has secured $1 billion in new funding, led by SoftBank’s Visino Fund, reports in CNBC said Thursday. ZipLoan secured $12.5

Lending 139

Lending Capital Fraud Tools 139

Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? In a recent American Banker. In a recent American Banker. Source: DeBanked ).

Lending 118

Lending Community Bank Community Data 118

PYMNTS

MAY 31, 2016

Talks are underway for beleaguered online lender Lending Club to secure financing from Citigroup to back up the loans that the former arranges, Bloomberg reported on Thursday (May 26). It could be the case that, in an effort to attract new business/investors, Lending Club might boost rates, which would hit margins.

Lending 100

Lending Online Report Groups 100

PYMNTS

FEBRUARY 28, 2019

In Wednesday’s tweets, Cryptopia said it is “securing each wallet individually” for trading resumes. According to Bloomberg , Cagney’s new company, Figure , uses blockchain technology to supply home equity lending online in as little as five days. Last year, the U.S.

Bitcoin 129

Bitcoin Lending blockchain Payments 129

PYMNTS

APRIL 17, 2020

With only four investment rounds, B2B FinTechs were able to secure more than $181 million in fresh funding — an impressive sum amid turbulent times. In addition to expanding its marketplace, the startup said it plans to expand its ability to streamline the corporate lending process for both banks and non-bank lenders.

Fintech 193

Fintech Payments Capital Lending 193

Abrigo

MAY 20, 2020

FinCEN reminds financial institutions that “detecting, preventing, and reporting COVID-19 scams and illicit activity is critical to our national security.” Lending & Credit Risk. Member Business Lending. SBA Lending. Lending & Credit Risk. SBA Lending. Lending & Credit Risk. SBA Lending.

Lending 195

Lending Fraud Training Report 195

Abrigo

MARCH 31, 2020

Key Takeaways The Small Business Administration (SBA) and Treasury Department released information on how lenders can become eligible to originate Paycheck Protection Program loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Lending & Credit Risk. SBA Lending. Lending & Credit Risk.

How To 195

How To Lending Illinois System 195

Gonzobanker

AUGUST 17, 2022

Lending Tech With Almost Steady Grades (Even With Rough Semesters). Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space.

Fintech 174

Fintech Lending Software Compliance 174

PYMNTS

MARCH 10, 2016

It’s well-documented by this point that banks and other “traditional” avenues of financing are less than chomping at the bit to offer loans to small and mid-sized businesses. Frequently, the loan process is an arduous one and can take weeks or months. Thus, they may be perceived as demonstrating more risk.

Lending 100

Lending Capital Examples Operations 100

Independent Banker

AUGUST 31, 2022

This presents an opportunity to apply advances achieved in other lending areas, especially commercial lending, to transform ag lending. Innovations like these, applied to the farming industry, can accelerate the lending process for farmers, saving them time and money. The demand is evident.

Innovation 144

Innovation Community Bank Community Lending 144

Abrigo

OCTOBER 15, 2020

Fraudulent (or lack of) supporting documents Supporting documents are a critical part of both the application phase and forgiveness phase of PPP lending. Ensure that adequate and accurate documentation is available to show how the funds were used, including documents to support payroll and tax forms. SBA Lending.

Fraud 150

Fraud Lending Los Angeles Taxes 150

PYMNTS

DECEMBER 19, 2016

Other charges stemming from the case include smuggling precious metals, illegal possession of weapons and border crossing without the proper documentation. The report noted Ezubao , which is one of the larger peer-to-peer lending platforms in China, has allegedly created fake investment projects in an effort to collect 59.8

Lending 100

Lending Fraud Regulation Online 100

Abrigo

MAY 13, 2020

In other words, some financial institutions will finally have the proof of concept that using technology to transform their usual business-lending processes is the way to go. ‘A small- and midsize-business (SMB) lending ecosystem acquired new capabilities via their participation in PPP,” the report said. Parties within the U.S.

Lending 195

Lending Report Technology System 195

Perficient

OCTOBER 28, 2024

Mortgage lenders use this collateral valuation to determine how much they will lend on a property. CFPB On June 24, 20024 the Consumer Financial Protection Bureau (CFPB) approved a new rule to address the current and future applications of complex algorithms and artificial intelligence used to estimate the value of a home.

Regulation 221

Regulation Fraud Tools Compliance 221