While businesses keep facing shorter funding timelines, banks continue to handle commercial loan requests entirely manually. It’s estimated that thirty to forty percent of the lending resources’ time is spent on activities like data entry, quality checks, and document review conducted across multiple fragmented systems.
30-40% of the lending resources’ time is spent on activities like data entry, quality checks, and document review.
What if you could accelerate loan due diligence and underwriting?
With our KPMG Ignite Commercial Loan solution you can. Access the video below to learn more:
Our innovative AI platform tools can help you in the following ways:
- Automatically classify and digitize documents received during the entire loan lifecycle
- Extract key terms from operating statements, rent rolls, and tax statements needed for financial spreading and credit assessment
- Assess guarantee, collateral and lien documents to mitigate risk exposures
- Generate draft contracts while automating reconciliation and quality checks through clustering and machine learning.
Let us help you turn highly manual, expensive, and error-prone processes into more streamlined accurate workflows.
