Lenders Use Cutting-Edge Decisioning to Increase Market-Share and Lower Risk

Lenders can leverage Lendflow’s unmatched credit decisioning engine to approve customers faster, improve underwriting capabilities, and broaden their reach.

By 
Jon Fry
 | 
 | 
March 11, 2022

SMBs need capital to fuel growth. Rising operating costs in an inflationary environment mean that SMBs’ demand for capital isn’t going anywhere anytime soon. But when qualified SMBs can’t obtain loans and fail to meet their critical capital needs, they fall through the cracks for lenders. This portion of qualified SMBs — a larger piece of the market than you might think — represents a missed opportunity for financial institutions. 

That was the case at least until Lendflow’s revolutionary credit decisioning engine came along. 

Better Decisioning, More Qualified Customers

With better data and superior decisioning tools thanks to Lendflow, banks and lenders are now making smarter underwriting decisions — and boosting bottom-lines. Lendflow’s credit decisioning engine builds holistic customer profiles using a combination of proprietary and publicly available data, which allows lenders to underwrite with more precision and scale efficiently.

Lendflow’s powerful credit decisioning engine enables lenders to automate their commercial lending operations and level up output without adding risk. Automated decisioning workflows free up time — allowing banks to focus on more value-add tasks — and reduce human error. With improved efficiency and a greater reach, it’s no wonder that lenders keep flocking to platforms like Lendflow and driving better outcomes.

More Market-Share, Less Risk

Lenders and traditional financial institutions can now use intelligent data to power their underwriting models and unearth more qualified, high-intent SMB borrowers. Lendflow’s robust credit data aggregation, standardization, decisioning, and orchestration platform is designed for fast, comprehensive, and automated credit risk assessment.  

Our automated decisioning workflow allows lenders to leverage volume discounts with vendors through a single contract, reduce costs, and minimize time-consuming manual reviews. In addition to KYB, KYC, and fraud checks, Lendflow pulls data from credit reports and other data sources and services to help lenders build a more complete picture of each applicant. Within Lendflow’s intuitive interface and low-code environment, creditors then efficiently sequence the compiled data within customizable decisioning workflows. Lenders minimize data costs and optimize risk assessments by dragging-and-dropping the relevant data in the order that satisfies their unique underwriting requirements. It’s that simple.

Taking advantage of intelligent, cost-effective data combined with advanced decisioning tools is the winning strategy for fintechs, traditional financial institutions and alternative lenders alike. Data-driven lending allows you to increase your operational capacity, expand your client base, and boost your LTV. Lenders that utilize Lendflow’s credit decisioning engine can automate their approval processes and perform significantly more accurate credit checks. 

Automated Decisioning: The Future of Lending 

Data-driven lending is quickly becoming the norm for cutting-edge lenders. As other companies such as Apple, Amazon or Uber continue to innovate with instantaneous customer servicing, financial institutions need to embrace this automation trend to keep up with the faster pace of business. Traditional banks and lenders partner with Lendflow for that very reason — to work faster and smarter.

Lendflow’s credit decisioning engine propels lenders to leapfrog the competition — without assuming added risk. Our platform saves lenders time and money by leaning into automated data aggregation and orchestration. Superior data use means less manual review, more standardization, and more opportunity. More efficient underwriting processes yield more qualified, high-intent SMB borrowers. 

Superior data profiles, smarter risk assessments, greater deal flow — this is how lenders win with Lendflow. 

Contact us to see how your underwriting business can start benefitting from our credit decisioning engine today!

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