New small business lending solution drives loan growth
Published by: Natalie Phillips
June 12, 2024 | Education & Training
If your credit union wants to increase small business lending, it’s important to have the right solutions to manage a growing business book. In fact, a trends watch report issued by the National Credit Union Administration listed digital lending platforms as “essential offerings to meet members’ evolving expectations. Digital transformation is not just about adopting new technologies; it is about leveraging them to create a seamless and convenient experience for members while maintaining the trust and community connection credit unions are known for.”
Creditable is a web-based, small business and commercial lending software platform from Cooperative Business Services, a Navatros solutions partner. Unlike off-the-shelf products, Creditable is a white-labeled product that can be customized down to each page, branded with your credit union logo, and housed on your website.
It also includes robust loan management features, allowing loan officers to review, request, and approve loan documents in a few clicks and store clients’ documents securely in the cloud to close more deals faster. With Creditable, member information remains safe, and your team has access to your loan portfolio everywhere.
Convenient dashboard reporting tells you where lenders are in the process, helping you manage your loan pipeline faster. In addition, Creditable includes built-in loan decision intelligence that credit unions can tailor to their own risk tolerances, custom factors, and rulesets.
Creditable may be the solution that transforms your lending process and drives loan growth. Learn more.
