Fusion CreditQuest Lender Insights
Finastra
The Fusion CreditQuest Lender Insights API enables data to be passed back and forth between Microsoft Power Apps and Fusion CreditQuest, for anywhere and anytime access to Fusion CreditQuest data. This means deals are initiated sooner resulting with greater efficiency & increased loan volume, as well as quicker turnaround times which feeds growth & profitability.
Over recent years larger institutions have grown at a faster pace and increased their market share at the expense of community banks and credit unions. Large institutions have the resources, efficiencies, product range, and ability to scale that puts them in an advantageous position, and borrowers expect speed and convenience when it comes to application and approval of loans. Moreover, to maintain a balanced financial system, an increasing number of regulations are added each year. Regulators, who create and oversee the regulations are faced with an ever-evolving lending environment and need to keep pace with change and ensure lenders remain compliant. These drivers ultimately lead to a regulatory environment that is complex and constantly changing.
Efficiency
By enabling loan officers to start applications outside of their office, the application allows them to visit borrowers at their convenience and bolster relationships, all while eliminating duplicate data entry in both a CRM solution and Fusion CreditQuest.
Throughput
Building on the efficiency gains, additional commercial loans can be entered and the likelihood of borrowers closing a loan with a Financial Institutions doubles once an application has been submitted.
Borrower Experience
The convenience of applying for a commercial loan, notifications & status, as well as faster approval times all improve the borrower experience and likelihood of them coming back to the Financial Institutions.
General information
How it works
Compliance
Fusion LaserPro’s ability to create dynamic, custom documents allow lenders to feel confident they can lend in any situation and be compliant. Being able to handle complexity means small institutions can compete on all loans allowing them to better service customers and grow revenue.Efficiency
Total Lending and Consumer add-ons offer a variety of lending automation options to make institutions more effective lenders. From loan document automation to end-to-end loan lifecycle automation, lenders can select the bundle that aligns with their complexity and volume. In addition to workflow automation, lenders can select a variety of digital options to reduce manual intervention.One Partner
Total Lending Complete offers clients the opportunity to solve their commercial lending needs with one partner. The robust and scalable solution means they can grow their lending business and upgrade to the next level of automation without changing vendors.
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