3 min read
FileInvite: Jul 19, 2022 10:30:00 AM
There is no denying that commercial lending is a fast-paced business. Or rather, it should be. But in reality, the commercial loan approval process is slow, clunky, unsecure, and all-around inefficient—making your Small Business Administration (SBA) loan processing times far longer than they should be.
3 min read
FileInvite: Jul 14, 2022 2:45:00 PM
SBA loans are a type of small business loan partially guaranteed by the federal government – the Small Business Administration – that mitigate the financial risk of commercial lenders to encourage broader lending to small businesses in need of assistance. The SBA is not a lender. Rather the SBA partially backs small business loan applications within a network of approved lenders.
4 min read
FileInvite: Jul 12, 2022 2:00:00 PM
Success in the commercial lending industry depends on a constant cycle of data-driven evaluations to ensure that your organization originates profitable loans. Tracking key performance indicators (KPIs) specific to commercial loan processing indicates the surest path to informed decision-making. To limit the influence of risky, gut-based decision-making, lending institutions should stress the value of KPIs for maintaining a data-backed understanding of the overall profitability of their loan...
2 min read
FileInvite: Jul 6, 2022 2:15:00 PM
JULY 4: New Zealand-headquartered FileInvite has raised $10 million in Series A investment to fast-forward the extinction of email for requesting and collecting documents online.
5 min read
FileInvite: Jul 1, 2022 2:57:33 PM
Customer service innovation, automation, digital transformation? No problem! As customer expectations peak, credit unions are well-positioned to meet the increasing demand for personalization and expediency. A credit union’s selling point has always been: “We are your friendly, local alternative to the big banks. Here, you’re more than a number.” Of course, success is a double-edged sword. As your credit union grows, so does your paperwork volume. It becomes harder to deliver on those promises....
4 min read
FileInvite: Jun 23, 2022 12:14:12 PM
In nearly every industry, the pace of digital operations has accelerated during the last two years. Despite their traditionally risk-averse and innovation-resistant posture, even lending institutions have felt the pressure to give clients more of the online, self-service, and mobile options they’ve come to expect in customer experiences. Adapting to evolving customer preferences for technologies such as client portals while maintaining secure document collection practices has become a timely...
4 min read
FileInvite: Jun 17, 2022 8:48:55 AM
Data breaches are on the rise. Incident reports jumped by 68% in 2021, marking the highest single-year increase on record. The trend in data breaches tracks a generalized surge of 300% in cybercrime since the start of the Covid-19 pandemic in 2020.
4 min read
FileInvite: Jun 10, 2022 9:59:35 AM
Is your team bouncing off the walls with new ideas about strategy and better serving your clients, but they’re stuck spending crucial work hours manually filling out documents? Your problem is not unique in the business world. Data suggests that staff productivity falls by 21% due to document issues.
4 min read
FileInvite: May 27, 2022 9:39:31 AM
In a period of intensely accelerated digital transformation, organizations in all industries and sectors struggle to reshape previously fragmented, ad hoc processes – straddling different eras of technology – into streamlined, efficient workflows. For banking institutions, the challenges of secure document collection remain at the top of the stack.
3 min read
FileInvite: May 19, 2022 2:58:35 PM
An application programming interface (API) enables two or more applications to communicate with one another. This is essential for data collection services because clients often use more than one system in their business operations. APIs enable these systems to work together seamlessly. Organizations worldwide use them to streamline workflows, enhance productivity, and provide increased data security, among other things.
3 min read
FileInvite: May 12, 2022 4:11:34 PM
Financial institutions that manage commercial property deals face the same challenges residential lenders do, only on a larger scale. These deals are often worth hundreds of thousands of dollars and involve the sensitive data of individuals and business entities.
5 min read
FileInvite: May 4, 2022 12:43:02 PM
The distinction between B2C and B2B online document storage may seem negligible on the surface. However, there are substantial differences that you need to keep in mind when selecting the technologies and solutions for either B2B or B2C operations. In the business world, you’ll encounter many different actors with particular motivations and concerns. The way you interact with these personas is what will determine your long-term success or failure.
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