Automating the loan intake process for improved efficiency
To grow its business, Velocity Commercial Capital (VCC) needed a more efficient way to accept and price potential loan applications from brokers. West Monroe Partners helped VCC automate the loan intake process based on business policies and guidelines in order to help establish a portal for interacting with brokers specially coded for their products.
Delivered a portal that allows brokers to follow their loans through the underwriting and funding processes.
Provided brokers with self-service tools that allow them to explore loan options.
Decreased the time required to deliver a loan quote to just five minutes.