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....
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...
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 receivable,...
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...
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...
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:...
Offered the first and third Wednesday of each month, these are free live webinars on specific topics. Each session is approximately 30 minutes in length and conducted by a knowledgeable training specialist, with time at the end of the session to ask questions. Log-in to our Support Portal for information on how to join and upcoming topics. Click here to register for sessions You must be a current Suntell customer to attend.
