After collecting informative data on your consumer or possibility, distributing the monetary statements, operating the ratio analysis, performing some projected situations and undertaking a danger score, many bankers have good concept of exactly what their financing appetite seems like. Presuming it really is good, the next thing is to organize a credit presentation, or application, for decisioning because of the danger division.

The credit application represents another manual exercise in preparing and collating several separate, yet related, pieces of paper, often in a highly prescribed fashion, adding to the processing time for approval, especially for a new relationship for many lenders. Read more