February 6 event to provide valuable insights for navigating difficult lending space.
Experts from Wolters Kluwer’s Lien Solutions business and Aite Group, the global research and advisory firm, will explore ways in which commercial lenders can navigate an increasingly challenging market to enhance business outcomes in an upcoming webinar. “The Brutality of Commercial Lending and the Promise of Automation” will be presented Thursday, February 6, from 2-3 p.m. Eastern Time.
“Commercial lending is a brutal business that requires perfection in credit judgement, deal structuring, and supporting operational processes,” commented Konstance. “Once a loan closes and is funded, many other variables must go exactly right in a lending business noted for its razor-thin margins and predominantly manual workflow processes. This webinar aims to inform lenders about the evolving market landscape and how automation can help enhance one’s commercial lending operations, processes and outcomes.”
The webinar will explore the current state of commercial lending, outlining the threats that make this business so difficult, as well as the opportunities that come to the sector via integration, innovation and new technologies. The webinar will also examine how advanced digitalization and automation are reinventing the commercial lending landscape to remove obstacles for growth.
“Lenders face tremendous pressures in commercial lending, a business that runs on tight margins and where missing a small loan detail can translate into large losses,” added O’Connell, who is with Aite Group’s Wholesale Banking team. “Given the unforgiving environment, it’s important that lenders know how they can improve their back-office processes to minimize errors, mitigate risks, and deliver in ways that differentiate one’s operation from the competition.”
Wolters Kluwer Lien Solutions provides award-winning solutions for lenders, including its flagship iLien offering, which gives lenders the ability to conduct public record searches, retrieve and view Uniform Commercial Code and corporate records, create filings, and manage their entire lending portfolio. iLien offers comprehensive analytics, reporting, monitoring and auto-continuation capabilities, improving lenders’ ability to holistically view lien portfolios, help them mitigate risk, and improve the quality and efficiency of their operations.