Sageworks rolls out new Loan Automation tool

Hannah Blair Rapp from Sageworks
18 Sep 2018

Raleigh, N.C., September 18, 2018 – Sageworks, a financial information company that offers lending, credit risk and portfolio risk solutions to banks and credit unions, today announced the launch of the Sageworks Loan Automation tool to help financial institutions increase the speed and ease of their lending processes.

Sageworks Loan Automation is a customizable, relationship-based automation tool allowing bankers to make informed loan decisions quickly, respond to customers automatically and notify designated users and borrowers of the next steps in the process. Using loan automation for simpler loans allows credit analysts to focus on more complex loans, and means faster decisions for borrowers who have increasingly high expectations for speed and ease in the lending process.

Simple and intuitive to use, the automation builder requires just a few clicks for an institution to configure their desired automation settings. The user chooses what trigger will initiate the automation, such as when a loan application is submitted, selects a rule from a series of conditions like loan amount and type, and then selects an action such as rendering a decision on the loan or initiating a workflow. When the trigger has been kicked, and action initiated, the user receives a summary of the borrower and loan request details instantly. The technology also allows for rules to be retroactively applied for consistent decisioning across the loan portfolio.

“Users of Sageworks for lending stand to benefit greatly from the efficiency and convenience the automation tool offers,” says Jay Blandford, President of Sageworks. “Speed can be a major differentiator for today’s institutions - and with Sageworks Loan Automation, both bankers and borrowers will see a faster process, and be fully informed each step of the way, without added risk for the institution.”

About Sageworks Sageworks offers banks and credit unions lending, credit risk and portfolio risk software to efficiently grow and improve the borrower experience. By automating the life of the loan with Sageworks, bankers book commercial loans faster and reduce risk. Sageworks uniquely provides integrated solutions and industry expertise to more than 1,300 financial institutions that achieve an average 38% higher loan growth than peers. Visit to learn more.

Media Contact Media Relations / Email: / Phone: 919-851-7474 ext. 2596 / Twitter: @Sageworks

For more information, please contact:
Hannah Blair Rapp
5444 Wade Park Blvd
27607 Raleigh

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