By: Mike Horrocks
Managing your portfolio can be a long and arduous process that ties up your internal resources but without it, there’s an increase of additional risk and potential losses. The key is to use loan automation to pull together data in a meaningful manner and go from a reactive to proactive process that can:
- Address the overall risks and opportunities within your loan portfolio
- Get a complete view of the credit and operational risk associated with a credit relationship or portfolio segment
- Monitor and track actionable steps by leveraging both internal and external data
Watch how to avoid the 5 most common mistakes in loan portfolio management to help you reduce overall risk, but also identify cross sell and upsell opportunities. With a more automated process your lending staff can focus on bringing in new business rather than reacting to delinquencies and following up on credit issues.