Financial institutions are facing unprecedented challenges in commercial lending. These include intense competition, increasing regulatory burdens, margin compression, growing risk management and governance requirements, and disintermediation threats posed by financial technology firms. Despite these challenges and threats, many financial institutions continue to originate commercial loans manually or use legacy systems that are unintegrated and siloed resulting in higher risk, inefficiencies and poor borrower experiences.
CL Originate, built for commercial loans, enables banks to accelerate and manage all commercial loan products on a single, highly configurable platform. CL Originate with Cloud Lending’s revolutionary front-end portal technology provides a virtual workspace to support collaborative underwriting process. CL Originate can managing multiple borrower entities, complex document requirements, iterative reviews and approvals through an evolving borrowing and collateral structure inherent in complex commercial loans. With improved process efficiency throughout the commercial loan origination lifecycle, CL Originate reduces errors, timelines, and credit and compliance risk.