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The Benefits of Cloud-Based Commercial Lending Software
Technology is becoming increasingly more prevalent in how businesses operate, and banking is no exception. Cloud-based financial lending software...
SCAP: FRB Risk Management Expectations for Community Banks
Legislation from the Supervisory Capital Assessment Program were enacted in good faith as a way to decrease financial instability in the market. As...
Effective CRE Risk Management and Compliance for Lending Institutions
The OCC stresses that a solid commercial real estate (CRE) lending program must have sufficient levels of available capital as well as sound risk...
Effective CCAR Compliance for Today’s Financial Institutions
Financial institutions are inundated with existing loan data generated across numerous platforms. While the historical tendency to create silos was...
Community Bank Silos: A Costly, Antiquated Concept
The concept of silos of functions has been facilitated by the implementation of legacy IT systems that were designed solely to meet the demands of a...
Community Banks Fuel Strong Growth in Two Crucial Categories in 2017
Financial institutions strive to maintain a balance of loan programs, and 2017 is shaping up to follow that trend according to a recent survey of...
10 Questions CEO’s Ask About CLOUDecision
Banks across the US have indicated that improving efficiency and reducing spending are among the top operational priorities that need addressing. By...
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3 Reasons to Reconsider Legacy Commercial Lending Software
There are many differences between legacy and cloud-based software. One primary difference is that legacy software is installed on a server in a central location. Each computer within your company must then be linked to that server in order to access its programs....
Case Study: CLOUDecision & Cross River Bank
Cross River Bank, located in Teaneck, New Jersey, was in need of a “loan servicing software that would complement our core processor,” according to David Tilis, Director of Loan Operations/Servicing. During their search, Cross River Bank could find very few options...