AccountKit’s Post

🤔 Ever wonder how much time you could save if inter-entity loan reconciliations weren't such a pain? Experienced accountants know all too well the crucial role these loans play in managing group finances, but also how time-consuming the process can be. 🌟 Imagine a world where you can: ✅ Wave goodbye to manual, error-prone Excel tasks. ✅ Embrace streamlined, automated reconciliation tools. ✅ Boost compliance efficiency and accuracy for all your client groups. Stop letting manual tasks dominate your day. Download our Inter-Entity Loan Playbook to guide you how: https://hubs.ly/Q02wTCgl0

Where are your loan documents stored? More companies are now choosing e-documents to save time and money. Concord Servicing offers both physical and virtual document custody, ensuring the underlying value of your portfolios. Explore the best solution for your needs: https://hubs.li/Q02Dr6KW0 #lending #FinancialPlanning

What is different about Native American and Tribal lending practices? Not all lenders service all types of loans. A Native American and Tribal lender specializes in smaller loans with varying terms and interest rates. This allows them the agility to create a loan that is suited to their borrower’s needs. However, this means more work for loan reporting and management, because every loan has its unique characteristics. That’s why an efficient loan management software is essential! https://ow.ly/M0YN50S9AtM

As accountants and banking professionals, we know how crucial it is to keep an eye on loan balances to prevent them from becoming non-performing loans (NPLs). I've created a 5-minute video tutorial that shows you how to build a Loan Follow-Up Table in Excel. This simple yet powerful tool uses conditional formatting to help you identify and address outstanding loan balances before they become a problem. The dynamic notifications ensure you stay ahead, making loan management easier and more efficient. Watch the video and see how this spreadsheet can transform your loan tracking process. It's a method that earned me praise from my boss, and I hope it can help you too! ℹ You can download the free spreadsheet under Free Downloads on my Portfolio Website or by scanning the QR code in the video. #Banking #Accounting #ExcelTips #LoanManagement #ProfessionalDevelopment #FinancialManagement

Mistakes are part of growth, and our team once misjudged the documentation improvements needed for a business loan application. When initial applications were denied, it prompted us to thoroughly review feedback from lenders. We discovered that we hadn't adequately highlighted crucial financial documents, leading to a failed understanding of our position. We quickly corrected this by ensuring that our financial records were precise and organized. This not only improved our future applications but also built trust with lenders. The result? A smoother process and better funding opportunities. To prevent similar mistakes in the future, keep these tips in mind: regularly maintain your financial statements, engage in clear and open communication with lenders, and always ask for detailed feedback after any application. Learning from our experiences has reinforced that careful documentation is essential, and transparency can lead to greater success in securing funding. Every misstep is an opportunity for improvement. #BusinessFunding #LDCFunding #LearnAndGrow 📊📈

Cost-effective loan servicing doesn’t just save money—it drives real success. 💡 At Concord, our Primary and Subservicing solutions are designed to optimize your operations with precision, keeping every process efficient and every borrower satisfied. From streamlined payment processing to clear, real-time reporting, we focus on solutions that make managing your loan portfolio seamless and cost-effective. Let's talk about elevating your operations 👉 https://bit.ly/45rkzf6 #lending #LoanServicing #financing

A Comprehensive Guide to Loan Management System Workflows https://ow.ly/MBfW50Rz08c

Ready to simplify your lending process? Join us on August 22 at 2:00 PM EST for a special webinar hosted by James H., SVP/ Production. In this session, we'll introduce you to our Lite Doc loan program—a game-changer for both you and your borrowers. https://bit.ly/3Axp1xm Highlights: -Streamlined Process: Ditch the paperwork! Our Lite Doc program requires just a 12-month Profit & Loss statement / Quotic VOE with current income ONLY. No tax returns or W2 required. -Borrower-Friendly: Little to no reserves are required, making it easier for your clients to qualify. -No 4506-C Required: Simplify the application process with fewer hoops to jump through. -Loan Amounts: Offer your borrowers up to $3 million in financing. Say goodbye to the headaches of bank statement loans and discover how our Lite Doc program can make your lending process smoother and more efficient. Don’t miss this opportunity to enhance your services and better meet your clients' needs! Reserve your spot today! https://bit.ly/3Axp1xm

Is your financial institution relying on intuition to price commercial loans? Are you seeking ways to help grow your loan portfolio in a competitive market? Do you need more visibility into your institution’s lending portfolio’s performance at various levels? FORVIS is excited to introduce LoanPricingPRO, a strategic commercial loan pricing tool designed to help you answer those questions. Read our news release to learn more.

Is your financial institution relying on intuition to price commercial loans? Are you seeking ways to help grow your loan portfolio in a competitive market? Do you need more visibility into your institution’s lending portfolio’s performance at various levels? FORVIS is excited to introduce LoanPricingPRO, a strategic commercial loan pricing tool designed to help you answer those questions. Read our news release to learn more.