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The Cypress Professional Services (CPS) team assists financial institutions with strategic planning and the implementation of business, technology and organizational changes required to enhance overall credit origination operations. Our service solutions are tailored to meet your needs. Not only will Cypress help you get more out of our own solutions, we will identify ways to cut costs and identify opportunities to improve your entire loan origination process. As a result, you’ll see a measurable increase in the efficiency and effectiveness of your lending operations – and your ROI. PROCESS IMPROVEMENT GAP ANALYSIS (PGA) Should I make the investment? What is the real benefit for me?
What would be my ROI? How do I perform the due diligence to determine which solution(s) to acquire? What is the cost of delay? Lost Market share? Impact on loan losses? The goal of the Process Improvement Gap Analysis is to assess your credit origination environment and to make technology procurement recommendations that will enable world-class business practices. If credit risk management processes are not refined prior to technology deployment, the success of a technology solution becomes less predictable. Our Professional Services team will assist your institution in identifying potential problem areas (gaps) in workflow, credit policy and related technology. And in doing so, we’ll help you choose the right technology for your needs. Analysis typically includes an in depth evaluation of: » Current underwriting activities » Risk management practices » Process improvements that are possible Following the analysis, an action plan will be presented with specific recommendations to help meet your goals for providing high quality, consistent credit decisions in a minimal amount of time. For more information, please click here to download our information sheet.
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Quick FactsDid you know?Cornerstone Advisers recommends a best practice goal of automating decisions on at least two-thirds of all consumer loan applications. |
