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The tech-savvy age has coaxed financial institutions to inspect age-old bank-first engagement models to stay relevant. Exasperating, lengthy, and stringent loan application processes, as well as back-office discrepancies, have urged traditional banks to revamp business operations. "The rise of unconventional lenders since 2008 has urged traditional financial institutions to capitalize the ongoing trend to accommodate the banking needs of millennials. Cloud Lending Solutions is a conduit that facilitates this transformation," says Snehal Fulzele, CEO, and Co-founder, Cloud Lending Solutions. -The organization strives to evangelize the borrower engagement model and significantly improve inefficient back-office operations of its customers. The firm has offered its assistance to approximately 90 customers in the bank-first to borrower-first paradigm shift through its innovative lending platform. The clientele consists of reputed tier-1 banks and even online lenders.
Fulzele firmly believes in nurturing customer relationships to accelerate the company's growth. Cloud Lending's regional and offshore technical teams render proactive support to customers and help them in the realization of business goals. To paint a clearer picture of the company's proficiency in precisely meeting customer needs, he states the example of a Chicago based client, 'Opportunity Financial'.
Before adopting Cloud Lending's assistance, Opportunity Financial could process approximately four hundred to five hundred loan applications a month.
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