Origination — Online. Open. Actionable.
The LendingStandard Optimization Process
LendingStandard’s online application enables organizations to quickly engage with loan and lease applicants in a secure environment using 256-bit data encryption and a SAS 70/SOC1 Type 2 PCI-compliant data center. Tailored by transaction type, the application is intuitive asking applicants only for required information. Additionally, since it’s online LendingStandard can be conveniently accessed anytime to check origination status.
LendingStandard is an open environment capable of integrating with any business system. By creating one seamless electronic record for each transaction, LendingStandard eliminates redundant data entry.
Data entered into LendingStandard is transformed into actionable information. The system provides standardized workflows and checklist by transaction type organizing everything required to finance a commercial transaction. LendingStandard also generates daily exception reports of all open items, which can be used to assign tasks to responsible participants. Additionally, the system sends reminders and alerts keeping origination on task.