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Are you struggling to get control over your pipeline report? Is it a tedious process every week trying to get your loan officers to fill out the information on the shared Excel spreadsheet? Can you rely on the accuracy of the report for your Monday morning meeting?

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 much to capturing the data I need every week - is there? Well it turns out there is.

The complexity of a real loan pipeline is illustrated in the graphic below. Can you imagine trying to manage this process in Excel? Spreadsheets typically are just the surface layer of much more complex and unstructured processes, often not clearly understood or agreed among departments and particpants, that exist in the bank. it's obvious how these Excel "mini data marts" lead to version control and audit nightmares.

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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 just a few steps, but that there is a significant amount of information that different people in the process are generating that needs to be shared with others.

Some of the benefits of implementing a Loan Pipeline Tracking solution include include a smoother and more efficient underwriting process, faster loan decisions, more consistent processing quality, less operational risk, and better liquidity requirements information for the CFO.

If you would like to see more about how a collaborative workflow system can help your bank, just take a quick tour of the Demonstrations tab. TSG can implement a loan streamlined, efficient pipeline worfklow solution for you in less than a month.


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