Busting the myths around community lender digitization

It has never been more important for community lenders to be capable of meeting customers’ demands for seamless digital lending services. Customers want to keep their banking within the community, but they also expect access to digital tools that can meet their financial needs more efficiently and effectively.

As home equity reaches record highs, community lenders can no longer afford to rely on manual processes that take weeks to originate loans and fail to keep pace with the demand for digital services. This is why Coviance^TM created Home Equity Express (HEx) – a cloud-based platform that will help lenders scale home equity volume and deliver streamlined customer experiences. HEx automates the loan process, which allows lenders and borrowers to go from clear-to-close in days, not weeks. The configurable platform uses real-time data, best-in-class vendors with pre-built integrations, and intelligent communications to deliver a fluid experience every time.

HEx busts many of the most stubborn myths around the loan origination process and digital transformation in the credit union and banking sectors. Let’s take a look at a few of those myths and consider why it’s time for community lenders to move beyond them.

 

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