Suntell Blog
Insights, Tips, and News
Who Can Predict 2021?
If 2020 has taught us anything, it is that “we can’t predict the future.” Who would have thought that a year that started with wildfires in Australia would end with a global pandemic? Community banks and credit unions saw massive demand on their loan departments....
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Loan Approvals: Where Are Your Bottlenecks?
Many community financial institutions found themselves very busy in 2020. Between low mortgage rates and PPP loans, there was a surge in activity. Banks that had a streamlined underwriting and credit approval process found themselves able to manage the increase in...
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Analyzing Collateral Using the Borrower’s Balance Sheet
It is easier to understand collateral value when your collateral is something like real estate. You receive an appraisal and calculate your loan-to-value. When your loan is secured by business assets, this becomes a little more complicated. Accounts...
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Employee Spotlight: Garet Phillips
Interface Specialist, Garet Phillips, has been an integral member or our Suntell team for 18 years! She is a creative, compassionate, inquisitive woman who enjoys working on new projects and learning new things. When asked what product she would use in a bank or...
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Improve Your Process for Business Line of Credit Renewals
While originating new loans may be a key area of focus for your community bank or credit union, renewing existing loans can absorb a significant amount of time. Many of the requirements are similar to new loans, and if you are not prepared, the renewal process can...
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Managing Your Loan Workflow Through Automation
Every day in the world of community banking is different. Loans are in various stages of the process: application, underwriting, waiting on a third party, needing loan approval, preparing loan documents. For staff that work on these loans, it is a daily question:...
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