“In the past, Commercial and Business Banks could afford to put off technology investments in favor or relationship managers and other staples. Those days are over. Adaptors will use data analytics platforms and others will be forced to match those efforts just to keep pace”.
The Analytics Arms Race
Have the vision and leadership to replace antiquated practices with modern analytics.
Field exams are antiquated and do not incorporate technology. No value added to Borrower.
Appraisals are at a point in time and the NOLV is not driven off algorithms or predictive analytics but instead tribal knowledge.
Field exams and inventory appraisals are generally out of date by the time rendered.
By embracing technology and advanced data analytics lenders can monitor their portfolios with more accuracy, speed, and at reduced costs.
Replace antiquated and costly monitoring techniques.
Systemic computations with electronic data yield timely and accurate information and reduce labor costs.
Consistent and customizable reporting for all your borrowers and portfolio management.