Hit the 90% approval mark on loan apps this quarter after tweaking my process

I changed how I review business bank statements six months ago, started looking at cash flow trends over 90 days instead of just the last month. Non-performing loans went from 8% down to around 3% in that time. Anyone else find a small underwriting change that made a bigger difference than you expected?

2 comments

2 Comments

lee7331d ago

Disagree hard with this honestly. 90 day cash flow checks sound like you're just letting bad loans sit around longer before you catch them. I'd bet your 3% is more about luck than your process working better.

miles2771d ago

Call me paranoid but the 90 day window sounds like a good way to double your paperwork...