Sageworks Loan Automation is a customizable, relationship-based automation tool allowing bankers to make informed loan decisions quickly, respond to customers automatically and notify designated users and borrowers of the next steps in the process. Using loan automation for simpler loans allows credit analysts to focus on more complex loans, and means faster decisions for borrowers who have increasingly high expectations for speed and ease in the lending process.

Simple and intuitive to use, the automation builder requires just a few clicks for an institution to configure their desired automation settings. The user chooses what trigger will initiate the automation, such as when a loan application is submitted, selects a rule from a series of conditions like loan amount and type, and then selects an action such as rendering a decision on the loan or initiating a workflow. When the trigger has been kicked, and action initiated, the user receives a summary of the borrower and loan request details instantly. The technology also allows for rules to be retroactively applied for consistent decisioning across the loan portfolio.

“Users of Sageworks for lending stand to benefit greatly from the efficiency and convenience the automation tool offers,” says Jay Blandford, President of Sageworks. “Speed can be a major differentiator for today’s institutions - and with Sageworks Loan Automation, both bankers and borrowers will see a faster process, and be fully informed each step of the way, without added risk for the institution.”