OVERVIEW
Whether you are in a large urban environment or a small agricultural community, commercial lending is intricate and extremely important to a lender’s success. LaserPro® Commercial Lending makes it easy for you to handle the application and closing phases of virtually any commercial loan request, while maintaining document compliance. Covering a full range of borrower, collateral and loan types, the system’s dynamic documents let you quickly process a full range of transactions. Use LaserPro Commercial Lending for streamlined small business loans, or carefully craft large commercial deals with several types of business entities, multiple signers and detailed collateral descriptions.
LaserPro Commercial Lending provides your financial institution with:
- The ability to produce commercial applications that reflect the negotiated terms, fees and conditions that your institution wants in the loan
- The functionality to create credit memos, request for additional information letters and denial documents beyond the standard application form
- The ability to complete the loan package with commitment letters, detailed borrowing resolutions, loan agreements, guaranties, promissory notes and security instruments, all with extensive flexibility in the terms and conditions
- Support for multiple commercial variable rates
- SBA lending capabilities with the optional SBA Lending Solution module
LaserPro Commercial Lending enables your financial institution to:
- Handle virtually all commercial loans, letters of credit and lines of credit (closed-ended and open-ended)
- Lend to multiple entity types: individuals, corporations, partnerships, LLCs, sole proprietors, associations, trusts, government agencies or any combination
- Use multiple collateral types: titled possessory, real estate, UCC and government contract collateral types
- Use multiple payment types: installment, single-pay, balloon, P+I, construction permanent, irregular and line of credit payment types
- Generate commercial loan documents exactly as you have defined them, all in accordance with your institution’s standard products and internal policies
- Participate commercial loans to other financial institutions to reduce risk and control exposure (with the optional Commercial Participation module)