Lending Solutions – Financial Spreading
The Key Bottleneck in Financial Spreading
Despite being critical to credit decision making, much of financial spreading is still driven by manual effort. Although lenders have moved toward automation of spreading, these initiatives bring only marginal improvements and don’t fully manage regulatory and risk management concerns.
Automating Financial Spreading the Right Way
Newgen offers a comprehensive spreading tool as a key component of its commercial and consumer loan origination platforms. Not only does the tool standardize financial analysis to enhance productivity and reduce resource-intensiveness, it also speeds up loan processing to improve credit decision making.