Do All of Your Team Have the Same Loan Pipeline Report at Your Monday Meeting?
Are you struggling to get control over your pipeline report? Are you going through the tedious process every week trying to get your loan officers to fill out the information on the shared Excel spreadsheet? And then reconcile those entries? Do you spend the first part of the meeting getting the data straight before you can actually starting working on the issues?

If this sounds familiar to you, you’re not alone. Many companies, not just banks, are trying to use Excel for something that it was never really designed for - capturing data from multiple people in multiple locations. You may be thinking that surely there's not THAT effort and complexity involved in capturing this data. Well, it turns out there is.

Your Lending Process is More Complex than You Imagine
The schematic at right is the actual loan workflow from a real community bank. Can you imagine trying to manage this process in Excel? Most community banks do, and with all of the associated pain and frustration.

Spreadsheets typically are just the surface layer of much more complex and unstructured processes, often not clearly understood or agreed among departments and participants, that exist in the bank. it's obvious how these Excel "mini data marts" lead to version control and audit nightmares.

pipeline
Luckily there is a better way today, brought about by a new wave of collaborative workflow technology. As you begin looking at the process that underlies your particular loan pipeline and approval process, you most likely will find that not only is it much more complicated than you thought, but that there is a significant amount of information that different people at different steps in the process are generating and that needs to be shared with others.

The Benefits of a Loan Pipeline Tracking Solution
If you’ve read the process improvement information on the website before you arrived at this page, you know already some of the value benefits that come from implementing a loan pipeline process improvement project and automated tracking solution:

- The creation of a Don’t Do list and the elimination of unneeded steps, yielding time savings and speeding the loan decision process for your clients
- A smoother and more efficient underwriting process
- Faster loan decisions
- More consistent processing quality, which will make your loan review process faster and more reliabe
- Less operational risk
- Better liquidity requirements information for the CFO.

What Do You Do Next?
If you would like to see more about how a collaborative workflow system can help your bank, just take a quick tour of the demonstration at TrakPointe.com. TSG can implement a loan streamlined, efficient pipeline work flow solution for you in less than a month.


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