Suntell Blog
Insights, Tips, and News
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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CEO Corner
Who is ready for 2020 to be over? I am quite certain that I am not alone when I say this year cannot end soon enough! Fatigue is sitting in on all things related to Covid 19. For our banker friends that fatigue is likely related to PPP loans and forgiveness and the volume of headaches that came with this hastily issued government funding.
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