New solution is quickly deployed, providing a no-touch digital lending process
Hyland has launched a new digital lending solution for financial institutions to support the increase in Small Business Administration (SBA) Loan and Payment Protection Program (PPP) applications, and the associated documentation requirements. The digital lending solution is built on a low-code platform with configurable features, tools and components to quickly adapt and support new and changing SBA PPP Loan requirements.
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Hyland’s SBA PPP Loan solution is comprised of three critical digital applications: Hyland’s loan document tracking solution, ShareBase – a cloud-based file sharing tool – and integration with electronic signature solutions. When combined, these technologies enable an efficient digital process to streamline initial application review, approval and signing.
“Financial institutions are seeking and deploying digital technologies to help their customers and members, including small business owners seeking assistance in response to closing operations during the current global climate,” said Steve Comer, director of financial services and insurance sales at Hyland. “Our newly launched SBA PPP Loan solution provides a contact-free way to quickly process applications, with a configurable and secure way to gather, access, route, review and approve the necessary documentation.”
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