nCino, LLC, the leader in secure, cloud-based operating solutions to the financial services industry, announced that North Highlands, Calif.-based Safe Credit Union has selected its operating system to improve efficiencies in commercial lending.
With $1.9 billion in assets and more than 160,000 members, SAFE Credit Union ranks among the top Small Business Administration (SBA) lenders in Northern California.
nCino financial institutions on average see a 22 percent increase in efficiency. The company's cloud-based operating system sits alongside the core and gives SAFE Credit Union access to important loan data across the organization through a single platform. The document manager provides a central repository for files to eliminate the use of spreadsheets and duplicate loan documents. By consolidating multiple systems and removing paper from the process, SAFE Credit Union executes a quicker, more transparent loan review process.
According to Colin Paterson, AVP / commercial lending at SAFE Credit Union, "We like that both CRM functionality and loan origination are incorporated into the nCino solution. The combination of these two powerful tools will reduce the amount of data entry required and allow us to process SBA loans more quickly. Ultimately, we will provide faster loan decisions and better solutions for our members."
SAFE Credit Union is part of the SBA's Preferred Lenders Program and offers a variety of loans to members, including SBA 7a and SBA 504 loans. nCino's comprehensive reporting improve transparency while the built-in covenant tracking and business intelligence capabilities help reduce regulatory compliance costs and policy exceptions.
nCino CEO Pierre Naudé said, "Embracing smart and secure technology lending solutions streamlines processes, improving efficiency and productivity as well as member support and satisfaction. By making the decision to implement the nCino solution, SAFE Credit Union is giving itself and its members a true competitive advantage."