Quick, easy, and secure finance applications that are simple to fill, with clear expectations from applicants and lenders alike, are becoming more necessary if a company wants to attract new SME and individual customers.
Making a loan is called origination, and it is typically a drawn-out process that needs the lender to assess the risk posed by the borrower, negotiate the loan’s terms, and decide on a loan amount.The loan process used to be especially cumbersome as there used to be multiple documents to fill in with requisite application information. All these documents then had to be processed and approved manually through the steps to approval.
