Digital lending has become a remedy for the pain points customers are experiencing with traditional lending, namely cumbersome loan processes and good credit history requirements for getting access to bank loans.

Lately, at RNDPOINT we noticed that leaders among credit unions have already acknowledged the fact that almost a quarter of their members would prefer to move to alternative financial institutions if credit unions fail to innovate their services. Some of them are making certain steps in partnering with the vendors of credit union software in an attempt to ensure better meeting members’ expectations and needs.

I am often asked by my clients and partners how to effectively implement a Commercial Loan Servicing software in a financial organization. Therefore, I decided to write this article and talk about the advantages of the loan servicing solution and outline the roadmap of its implementation.