Sponsored

Whitepaper: How lenders can simplify and accelerate underwriting using predictive data

  • The underwriting process runs on data, which often means multiple manual steps for both lenders and borrowers.
  • That process becomes easier and smarter when data is reimagined -- integrated, automated, and predictive.
close

Email a Friend

Whitepaper: How lenders can simplify and accelerate underwriting using predictive data

Data, and lots of it, is at the core of the underwriting process.  Lenders rely on multi-stage manual processes to make data easily accessible and usable — consequently making it anything but easy. 

This often impacts the customer’s experience, too, sending them on a secondary journey to compile information and retrieve account receiveables reports, which then go through many human touch points until the data is finally usable for lenders to make calculated decisions. 

Manual data processing, often relying on PDFs and Excel, is not only a troublesome workflow — it’s ineffective. Data stored in these files is static and outdated as soon as it’s saved, and tells lenders only about a business’ past performance. To understand the present — and future — lenders should utilize to user predictive analytics. 

By automating the manual processes of integrating different accounting platforms, ForwardAI provides real time, forward looking data that puts power and time back in the hands of lenders.

Download the white paper for an in-depth understanding:

  • Why current methods of reaching usable data are ineffective and negatively impact the customer journey 
  • Why user predictive analytics is the solution for understanding how a business performs in real time, and into the future 
  • How ForwardAI plans to improve the underwriting process for both lenders and loan applicants

Download the white paper

0 comments on “Whitepaper: How lenders can simplify and accelerate underwriting using predictive data”

Sponsored

Deliver more good orders this holiday season (and ditch the fraud) with EMV® 3-D Secure

  • Last year, Cyber Monday was the heaviest online spending day in U.S. retail history, and ecommerce is expected to dominate again this holiday season.
  • EMV 3-D Secure is a tool that can help things run smoothly this season by streamlining the backend communication between the buyer, their bank, and the merchant.
Visa | October 15, 2021
Data, Sponsored

WTF is Modern Connectivity?

  • The financial industry is leaving behind legacy methods like screen scraping and looking to direct connections that are safer, faster, and more reliable.
  • Download the new WTF Guide by Tearsheet and MX all about Modern Connectivity.
MX | October 11, 2021
Blockchain and Crypto, Sponsored

Stablecoins: licensing and registration are not equal to regulation

  • The rise of stablecoins calls for a better understanding of their operation, oversight, and best practices.
  • Prudential regulation is essential, and licensed-only issuers should raise concerns.
Paxos | October 11, 2021
Data, Sponsored

Fighting fraud by better understanding financial data

  • With the rise of open banking, the security of financial data should be top of mind.
  • MX breaks down three keys for keeping customers' data protected.
MX | September 28, 2021
Sponsored

Four keys to data connectivity success

  • For companies pulling financial data, choosing the right platform is paramount.
  • These are the four factors to consider when thinking about a connectivity provider.
Fiserv | September 15, 2021
More Articles