Search Results for: loan applications

Square announces Terminal API at Unboxed 2020 Conference
Banking Business Capital Markets Fintech News

PPP in Review: Square Capital Has Facilitated Over $820M in Stimulus Loans to 76,000+ Small Businesses Across All 50 States

Fintech News Desk
by Fintech News Desk0
Since we began processing Payroll Protection Program (PPP) applications on April 29, 2020, as of June 10, Square Capital has facilitated more than $820 million in PPP loans, providing access to a financial lifeline to more than 76,000 small businesses. That’s an average loan of less than $11,000, with 97%......
PennyMac Live on Ellie Mae's Next Generation Digital Lending Platform for Correspondent Business Less Than One Year After Announcing Expanded Partnership
Business Fintech News

Ellie Mae’s Encompass Consumer Connect Eclipses 400,000 Loans In A Single Month As Lenders Engage Homebuyers Virtually

Fintech News Desk
by Fintech News Desk0
Ellie Mae, the leading cloud-based loan origination platform provider for the mortgage industry, announced that Encompass Consumer Connect has seen significant adoption as lenders turn to more virtual technology solutions to increase consumer engagement. Homebuyers submitted over 400,000 loans via Consumer Connect in a single month in 2020, more than 300......
Blue Prism Automates SBA PPP Loan Processing at Banks Saving More Than 85,000 Jobs and Helping Small Businesses Stay Afloat
Banking Business Fintech News

Blue Prism Automates SBA PPP Loan Processing at Banks Saving More Than 85,000 Jobs and Helping Small Businesses Stay Afloat

Fintech News Desk
by Fintech News Desk0
Proven Solution Supports Rounds of Federal Funding, Enabling Same-Day Processing of Thousands of Applications from Submissions, Bank Review, Underwriting, SBA Reporting, Approvals and Payment Blue Prism has teamed-up with Lateetud and ABBYY to support the US government’s latest COVID-19 relief efforts for small businesses, by helping to automate loan applications during the two rounds of funding, $349......
First Cohort of Cross River and Operation HOPE’s ‘Entrepreneur Training Program’ Graduates
Banking Business Fintech News

Cross River One of Top Paycheck Protection Program (PPP) Lenders in the Country, Saving Nearly 600,000 Jobs Through 105,000 Loans

Fintech News Desk
by Fintech News Desk0
Cross River Bank (“Cross River”), a leading innovator and provider of banking services for technology companies, announced that it has approved more than $4.7 billion in loans to small businesses across the country through both rounds of the Small Business Administration’s (SBA) Paycheck Protection Program (“PPP”). With an average loan......
Small Business Loan Approval Rates Rebounded in May 2020: Biz2Credit Small Business Lending Index
Banking Business Economy Fintech News

Small Business Loan Approval Rates Rebounded in May 2020: Biz2Credit Small Business Lending Index

Fintech News Desk
by Fintech News Desk0
Improvement in Approvals for Companies Applying for Non-CARES Act Loans The approval percentage for small business loan applications at big banks ($10 billion+ in assets) rebounded from just 8.9% in April to 11.5% in May, according to the Biz2Credit Small Business Lending Index™ released . Read More: SIMON Markets LLC and Raymond James Launch New Strategic Partnership......
Community Banks Manage PPP Loan Forgiveness with Teslar Software
Banking Business Fintech News

Community Banks Manage PPP Loan Forgiveness with Teslar Software

Fintech News Desk
by Fintech News Desk0
Embedded solution available to streamline and automate loan forgiveness; helps small businesses calculate their options today Teslar Software, a provider of automated workflow and portfolio management tools designed to help community financial institutions thrive, announced that it is helping bankers manage Paycheck Protection Program (PPP) loan forgiveness for small businesses.......
Wolters Kluwer and Black Knight deepen strategic alliance to offer mortgage lenders a more complete origination solution
Banking Business Fintech News

Wolters Kluwer Further Develops TSoftPlus for Loan Forgiveness Stage of Paycheck Protection Program for Local Lenders of All Sizes

Fintech News Desk
by Fintech News Desk0
Market-Leading TSoftPlus to Help Facilitate PPP Loan Forgiveness End-to-End Workflow Wolters Kluwer Compliance Solutions is ready to help local lenders and their small business client recipients of Paycheck Protection Program (PPP) funding facilitate online loan forgiveness applications through its TSoftPlus™ PPP Forgiveness Module. The comprehensive end-to-end solution will facilitate and automate......
Abrigo’s New Asset/Liability Management Solution Helps Optimize Performance at Community Financial Institutions
Business Fintech News

Abrigo Partners With CU Solutions Group on PPP Loan Forgiveness Solution

Fintech News Desk
by Fintech News Desk0
Abrigo announced it has partnered with CU Solutions Group (CUSG) in support of Abrigo’s Paycheck Protection Program (PPP) Forgiveness and Administration solution, part of the Sageworks SBA Lending solution, to aid credit unions in streamlining the loan forgiveness and administration process. The PPP forgiveness process is expected to be a......
COVID-19 is Digitally Transforming Commercial Lending; Banks See Mass Adoption of Businesses Applying for Paycheck Protection Program Loans Online
Banking Business Fintech News

Numerated Launches Forgiveness Automation After Partnering with 70+ Banks to Originate 5% of Paycheck Protection Program Loans

Fintech News Desk
by Fintech News Desk0
Numerated, the financial technology company making it easy to purchase financial products from banks and credit unions, announced it has expanded its platform to automate Paycheck Protection Program loan forgiveness. As of , more than 70 banks and credit unions have used Numerated to launch digital lending for the Paycheck......
Less Touching, More Tapping: Financial Institutions Broaden Payment Options with Jack Henry Contactless Cards
Banking Business Fintech Investment Services News

Jack Henry Helps Financial Institutions Manage Forgiveness of Paycheck Protection Program Loans

Fintech News Desk
by Fintech News Desk0
Jack Henry & Associates, is a leading provider of technology solutions and payment processing services primarily for the financial services industry. , the company announced it has launched a solution to help prepare lenders to manage Paycheck Protection Program (PPP) loan forgiveness with as much speed and efficiency as possible.......
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