{"id":31880,"date":"2019-09-16T03:19:00","date_gmt":"2019-09-16T07:19:00","guid":{"rendered":"http:\/\/blog.cybercon1.com\/?p=31880"},"modified":"2019-09-16T03:19:00","modified_gmt":"2019-09-16T07:19:00","slug":"implementing-automation-in-commercial-loan-operations","status":"publish","type":"post","link":"https:\/\/blog.cyberconservices.com\/index.php\/2019\/09\/16\/implementing-automation-in-commercial-loan-operations\/","title":{"rendered":"Implementing Automation In Commercial Loan Operations"},"content":{"rendered":"\n

When one thinks of digitization and automation in financial services, dynamic areas such as payments and digital wallets (think Venmo, Apple Pay) come to mind.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

Commercial lending, on the other hand, is a document- and process-intensive<\/a> business with origination teams finding the deal, underwriting teams crunching the numbers, credit teams opining on probability of default, legal teams creating loan documents and, finally, operations teams undertaking the monthly servicing of the loans for a period of anywhere from one to seven (or more) years.<\/p>\n\n\n\n

There are some areas within commercial lending, such as negotiating fees and terms for a borrower, where automation will not make sense, but there are others where it is starting to make a difference. <\/p>\n\n\n\n

From our work benchmarking various commercial lenders, we are seeing robotic process automation<\/strong> (RPA<\/strong>) being applied in the following areas: Read On: <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

When one thinks of digitization and automation in financial services, dynamic areas such as payments and digital wallets (think Venmo, Apple Pay) come to mind. Commercial lending, on the other hand, is a document- and process-intensive business with origination teams finding the …<\/span> Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[674,628],"tags":[675,629],"class_list":["post-31880","post","type-post","status-publish","format-standard","hentry","category-robotic-process-automation-processs-automation","category-rpa","tag-robotic-process-automation","tag-rpa"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":77641,"url":"https:\/\/blog.cyberconservices.com\/index.php\/2025\/02\/04\/the-rise-of-rpa-robotic-process-automation-in-washington-is-driving-growth-and-excellence\/","url_meta":{"origin":31880,"position":0},"title":"The Rise of RPA Robotic Process Automation in Washington is Driving Growth and Excellence","author":"Rick Backus","date":"February 4, 2025","format":false,"excerpt":"RPA Robotic Process Automation Washington is transforming industries, enhancing efficiency, and driving innovation across sectors.","rel":"","context":"In "Robotic Process Automation"","block_context":{"text":"Robotic Process Automation","link":"https:\/\/blog.cyberconservices.com\/index.php\/category\/robotic-process-automation\/"},"img":{"alt_text":"Image of the inside fo the US Capital rotunda with people in suits interacting with humanoid robots. 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That\u2019s the big selling point of RPA. The phrase itself might sound complicated or scary, but\u2026","rel":"","context":"In "Robotic Process Automation"","block_context":{"text":"Robotic Process Automation","link":"https:\/\/blog.cyberconservices.com\/index.php\/category\/robotic-process-automation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.cyberconservices.com\/wp-content\/uploads\/2019\/10\/robot-2697683__340.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":44353,"url":"https:\/\/blog.cyberconservices.com\/index.php\/2020\/10\/26\/rpa-untapped-potential-for-law-firms\/","url_meta":{"origin":31880,"position":2},"title":"RPA: Untapped Potential For Law Firms","author":"Rick Backus","date":"October 26, 2020","format":false,"excerpt":"Robotic process automation (RPA) is one of those rare technologies that has the potential to impact every aspect of a business by automating repetitive and manual tasks that exist in every industry. RPA is especially suitable for law firms because of the many rote and volume-driven tasks that legal teams\u2026","rel":"","context":"In "Legal"","block_context":{"text":"Legal","link":"https:\/\/blog.cyberconservices.com\/index.php\/category\/legal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/cdn.pixabay.com\/photo\/2017\/02\/12\/14\/00\/justice-2060093__340.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/cdn.pixabay.com\/photo\/2017\/02\/12\/14\/00\/justice-2060093__340.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/cdn.pixabay.com\/photo\/2017\/02\/12\/14\/00\/justice-2060093__340.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/cdn.pixabay.com\/photo\/2017\/02\/12\/14\/00\/justice-2060093__340.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":33296,"url":"https:\/\/blog.cyberconservices.com\/index.php\/2020\/04\/14\/robotic-process-automation-rpa-6-open-source-tools\/","url_meta":{"origin":31880,"position":3},"title":"Robotic Process Automation (RPA): 6 open source tools","author":"Rick Backus","date":"April 14, 2020","format":false,"excerpt":"By\u00a0Kevin Casey - As with many new software implementations, there\u2019s a build-or-buy choice when\u00a0getting started\u00a0with\u00a0Robotic Process Automation (RPA).\u00a0 On the build side,\u00a0you can write your own bots\u00a0from scratch, provided you\u2019ve got the right people and budget in place. 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