Lending document collection and verification the smart way
How digitization and automation can streamline one of the most time-consuming processes in commercial lending for banks and credit unions.
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It’s pricey for banks and credit unions to onboard loans; in some cases, a single commercial transaction can cost $6,000 or more. Luckily, modern technologies are breathing new life into commercial lending. For example, AIO’s business identity solution makes one of the most time-consuming processes in commercial lending a breeze: document collection and verification. Read our latest whitepaper to see how financial institutions can compete with online lenders, who are turning loan applications into approval & funding in one week.
