5 Strategies for Successful Commercial Lending
Next generation of origination software for banks with a focus on commercial and construction loan originationDepending on who you talk to, commercial lending is either predicted to see phenomenal growth over the next few years or potentially face a drought.
The fact is that commercial lending in the U.S. has already surpassed the previous historical peak achieved just before the real estate bust in 2008, when total commercial loans dropped from USD 1,575 billion in October 2008 to USD 1,184 billion two years later. With the augmenting growth in commercial and construction lending, a loan origination system is a critical component for the lending process. In the wake of the technological upsurge and regulatory uncertainty, it becomes pertinent that banks and financial institutions look at upgrading their origination process.