OnBase enhances your credit union's ability to make decisions on loans so you close them quicker than your competition. It also decreases the time and costs involved in the delivery of a loan.
Using OnBase electronic documents and workflows, your credit union automatically forwards complete and accurate packages through the loan process, while notifying the proper people when they’re ready for review, incomplete or inaccurate. The increased speed helps you catch errors and recognize revenue quicker.
Members also receive their loan documentation faster and with greater accuracy, laying the foundation for future sales opportunities. When it comes time for servicing, you manage documents like checks, letters and reports with the original loan information. Everything you need to process, underwrite and service a loan is in one place.
Further improving the loan process, OnBase makes it easy to track documentation for loans associated with many borrowers by letting you grant multiple parties the ability to collaborate and manage revisions. The increased speed and access improves member service levels and ensures opportunities for new business stay high.
With OnBase providing a single, central location to store and manage electronic documents, your credit union:
- Close loans quickly, giving you a competitive advantage
- Increase the speed and accuracy of your loan process to recognize revenue quicker
- Manage loan documentation and information in one central location
And, with ShareBase by Hyland, you can share your lending documents with members to speed processing even further. The natural interaction between ShareBase and OnBase allows you to securely share those files automatically as part of the OnBase lending process with those who do not have access to your OnBase solution.