Independent Banker - July 2017 - 39

SPECIAL SECTION
POWER LENDING PARTNERS
Financial Technology Helps Community Banks
Fast Track the Credit Review Process
With over 25 million private U.S. companies constituting
a $4 trillion credit market and 50 percent of GDP, small
businesses are hampered by limited access to the credit they
need to grow, often because public financial data on private
businesses is scarce and incomplete.
PayNet has been serving banks and commercial lenders
for over 15 years, helping expand credit access for small
businesses with a range of financial risk rating tools designed
to grow assets, reduce costs and avoid losses from defaults.
Key benefits that positively impact the lending process
include:
* Assign an Absolute Probability of Default (APD) to each
borrower for risk rank ordering.
* View customizable dashboard at a glance: Segment
portfolio by any variable (i.e. APD, Exposure $ Amount,
APD Migration).
* Apply your company's business rules to automatically
segment your portfolio into risk tiers earlier in the
process.
* Automatically identify borrowers for loan review type.
* Identify high risk borrowers for efficient allocation of
resources.
* Utilize early warning trigger.
* Review entire portfolio four times a year.
* Track portfolio performance over time.
* Benchmark portfolio vs. industry statistics.
* Reduce credit review costs for the total portfolio by up to
50 percent and up to 60 percent on low risk borrowers.
The high cost of reviewing small business loans creates
a return-on-equity challenge for community banks. Many
small business lenders continue to look for innovative ways
to effectively and accurately manage a small business
loan portfolio with the specific purpose of controlling risk,
managing staff and tracking accounts. Comprehensive data
and predictive analytics are key to driving better decisions,
streamlining the credit review process and optimizing
administrative efficiency.
PayNet's solution Credit Review Express™ provides
community banks a tiered, customizable risk assessment tool
that helps banks identify high risk borrowers in their loan
portfolios for in-depth review and fast-track review of low-risk
borrowers to streamline the credit review process.
" At PayNet, we help lenders increase originations,
mitigate risk, and streamline their operational
efficiencies by employing a consultative approach and
becoming a strategic partner. "
-BARRY RIPES,
MANAGING DIRECTOR,
PAYNET, INC.
For more information about
PayNet visit www.paynet.com.
For a demo of Credit Review
Express™, contact Barry
Ripes, Managing Director at
847-745-6062 or
bripes@paynet.com.
_____________
5750 Old Orchard Rd., Ste. 300, Skokie, IL 60077
847-745-6062 | paynet.com I sbinsights.net

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Independent Banker - July 2017

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