How much are extended document return times really costing you? 

Efficient document collection processes are crucial to maintaining pipeline velocity. FileInvite's revolutionary technology automates and simplifies the most cumbersome aspects of document collection that exist around the world today. This leads to a much better experience for your clients, which is rewarded with a faster return rate across the board. In fact, our clients have seen an average 34% decrease in document return turnaround, with some seeing results as high as 80%. 

Large information requests can be overwhelming for your clients – FileInvite makes requesting and supplying that important information fast, secure and most importantly, easy. Streamline your workflow using an automated, secure platform that saves you time gathering documents. 

What is your biggest challenge in initiating the loan process?

In a recent poll conducted by Moody’s Analytics, the question was asked, ‘What is your biggest challenge in initiating the loan process?’, to which 66% of bankers surveyed answered the manual collection of financial documents and information and subsequent back and forth with the loan applicant.  

What percentage of your sales cycle do you spend waiting for an applicant’s financial documents and information?

In the same survey, Moody’s Analytics asked, ‘What percentage of your sales cycle (from a sales-ready opportunity to closing) do you spend waiting for an applicant’s financial documents and information?’, to which bankers answered 30% to 50%.  This means that 40% of the sales cycle is waiting on a frustrated customer to provide financial documents. 

• Provide an improved user experience.
• Improve employee engagement and save them time for more productive tasks.
• Shorten their sales cycle by 25% and improve their sales velocity (loan $ per month) by 40%.
• Provide examiners with a more complete (and faster) audit trail for loan exams.