BANKING
Professional Lending Services
This leading bank aimed to foster growth in their professional lending services by minimizing manual process in the on-boarding process. Princeton Blue helped the client tackle these issues by leveraging Appian Forms and web services to minimize turnaround time and makes optimized and well-informed lending decision.
Business Need
The goal for this financial client was to quickly rollout and grow its professional lending services in a way that would provide the greatest amount of flexibility while providing a foundation for continuous improvement of the process.-
Manual on-boarding and underwriting of loans
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Manual paper process to manage investment programs
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Limited flexibility between investment firms and programs
The current solution implemented by Princeton Blue focused on the following key aspects:
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Paper-free Appian Forms – application information captured as process data
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Leveraged web services to access borrower credit reports for process-optimization
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Strategically customized Credit Memo creation and analysis for optimal lending decision
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Streamlined lending decisions strategically aligned with lending programs
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Increased collaboration as lending decisions are now made with a quick-turnarounds
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Easy documentation management via smooth hand-off’s and on-time review and approvals of the documents
Maximised the performance, flexibility and visibility in the lending process by leveraging BPM Records.
