CreditPath Commercial comes pre-configured and offers a simplified implementation tool kit, allowing commercial lenders who are interested in replacing their current platform to do so more easily than ever before. Based on Davis + Hendersonâs proven underlying Cyence enterprise platform, CreditPath Commercial provides a single point of entry for deal input, streamlines the credit lifecycle by offering easy integration with customer information files and loan accounting systems, and provides built-in connectivity to a broad marketplace of industry partners including credit bureaus, appraisal service providers, and risk and portfolio management services. Communications between relationship managers, underwriters, and loan operations can take place in real-time, driving improved operational efficiencies and reduced credit and regulatory risk.
âThe current commercial lending marketplace is growing increasingly complex with the demands of customers changing, the regulatory landscape shifting, and with executives being expected to better manage costs, risk and deliver a superior customer experienceâ said Susan Feinberg, Senior Research Director, Wholesale Banking at TowerGroup. âHaving traditionally received less IT investment than other areas, commercial lenders must take advantage of current technology to improve data quality and efficiency, both of which are more important now than ever.â
âWe are very excited about bringing CreditPath Commercial to market because it allows our customers to jumpstart the implementation of a comprehensive commercial lending platformâ said Greg McIntosh, Executive Vice President of Credit Solutions for D+H. âThis new technology is based on our extensive experience in the commercial lending space and represents the culmination of a journey which started with us asking our customers what was important to them so that we could ensure our solution truly met their needs.â