Slogging through input quality-control for commercial and consumer loans. Manually updating loan interest rates in the core. Suffering through the minutiae of HMDA compliance.
Your bank’s loan operations and servicing teams dread this work. And customers don’t understand why loan turnaround times are so long. It’s jeopardizing your compliance—and the ability to process your bank’s essential lifeline of loans on time.
Address all these issues, at once, in just a few months.
It’s possible—and surprisingly easy—with a Loan Operations & Servicing Robotic Process Automation (RPA) Six-Pack™ from The Lab, North America’s undisputed banking-automation authority.
We’ve found the lowest-hanging fruit for automating commercial and consumer loan chores. Our six-pack includes bots for:
Each of these bots pays for itself, often in just months, saving thousands of hours of work each year. And you can’t put a price on the boost to morale, retention, compliance, and customer experience they provide.
What if those six bots aren’t exactly what you need? Not to worry: You can swap out bots from any of the hundreds available from The Lab. Here are more from our incredible RPA Banking Bot Catalog—and these are just some of the loan operations examples:
RPA bots from The Lab do a lot more than click their way through disparate systems to alleviate individual workload. They also make it easy to address your bank’s most pressing, valuable, and challenging strategic goals, including:
Put The Lab to work on end-to-end loan operations: We can help you discover and map processes bank-wide, plugging gaps and automating what wasn’t automate-able. Our standardization-based approach has been improving knowledge-work operations in banks of all sizes, nationwide, since 1993. We’ve even patented the process.
You might be running FIS. Or Fiserv. Or Jack Henry.
You’re working in Excel. Word. Acrobat. Local and shared servers. You’re logging into others’ systems, whether it’s FHLB or The Wall Street Journal for the latest published index rates or insurance carriers’ sites for flood-coverage status.
Offload this disconnected mess to bots. They love it. And your staffers will love you for freeing them up for higher-value activities.
Mix-and-match your RPA Six-Pack as you see fit. Concentrate in just one organization for maximum impact. Or spread them, Johnny Appleseed-style, across the entire bank, to give multiples functions and/or regions a taste. Double up for a 12-pack, if you like. It’s entirely up to you.
At The Lab, we’ve spent three decades refining every aspect of our engagement model—from strategic RPA implementation to org-wide digital transformation. We’ve made it easy for clients—from the C-Suite to the front line—to understand and manage the initiative:
Since 1993, The Lab has led the industry in eliminating risk for our clients. Whether your engagement involves a handful of bots or wall-to-wall transformation, we make it easy to do business with us:
The best way to appreciate the power and elegance of RPA loan bots is to see them in action for yourself.
Simply book your free, no-obligation 30-minute screen-sharing demo with The Lab. You’ll see real banking bots in action, blazing past at up to 45x human speed, error-free. And get all your questions answered by our friendly team.
Simply call (201) 526-1200 or email email@example.com to book your demo today!