D+H Corporation is on a mission to ‘improve the profitability of small business lending’ with its latest solution – the Total Lending Small Business solution.
With Total Lending Small Business, the firm hopes to reduce the number of hours employees at financial institutions spend on application processes while also increasing the number of applications that can be submitted and processed. The new solution is designed with mobility in mind, and will allow banks and credit unions to deploy an online loan application for small businesses.
“Regulations and limited availability of technology has opened the market for online alternative lenders to capture significant market share from banks and credit unions,” said David Boswell, head of new lending products at D+H, in a statement. “We developed D+H Total Lending Small Business with a re-imagined experience for borrowers and lenders to allow banks and credit unions to both delight their customers and compete on a level playing field.”
The main attraction with the Total Lending Small Business solution is the fact that it brings these processes to a cloud-based online system powered by Microsoft Azure. The idea here is to reduce overhead and increase scale with a simpler loan process online rather than the system of old.
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D+H highlights four business benefits:
- Reduce overhead – taking applications online reduces in-person branch discussions.
- Save time – applications flow directly into CreditQuest, minimizing data entry.
- Increase profit – less time spent taking and entering applications means more money back in your pocket, especially for declines.
- Flexibility – enable borrower and lender access from any device. And borrowers are no longer forced to apply during business hours.
For more on the Total Lending Small Business solution, you can read more or try it yourself at D+H’s website.