Microsoft Word - How Report Automation Can Improve Your Loa…

How Report Automation Can Improve Your Loan Administration

By Ron Buck Founder, CEO of Performance Insights This is the first of three articles about the benefits of report automation during loan origination and loan administration. This article will focus on how report automation can improve your loan administration and portfolio management (credit quality, covenant testing and tickler systems). Figure 1: The Loan Lifecycle

Figure 1 illustrates the commercial loan lifecycle. Every commercial loan officer reading this article can immediately recognize and visualize each step of the lifecycle in their own organization. Think about each major step in terms of the number of people involved, where process bottlenecks appear, which steps are the most challenging, how many times each step must be repeated, and the number of spreadsheets that must be manually prepared.

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