Unqork eBooks

Solution Brief: SMB Loan Origination

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The CARES Act brings new regulatory, compliance, operational, and technology challenges. The sheer volume of incoming applications will likely be higher than any lender has ever seen. To capitalize on this opportunity, lenders must act quickly while maintaining the integrity of their operations and regulatory compliance. Unqork's loan origination solution is a turnkey application enabling lenders to quickly begin processing CARES Act loans while complying with stated guidelines. Potential borrowers can easily apply and upload their information, qualification criteria are automatically applied, and applications are aggregated and presented for efficient review by your approval and underwriting teams. The result is a flexible solution allowing you to get up and running quickly and support communities in need. Use Unqork to rapidly deploy a custom small businesses loan origination and servicing platform in line with CARES Act regulation. © 2020 Unqork. All Rights Reserved Banking SMB Loan Origination Deploy a self-service lending and post-loan servicing platform in line with CARES Act regulation. SOLUTION BRIEF Key Benefits • Compliance: The Small Business Lending Platform comes "out of the box" with built-in CARES Act compliance. • Speed: Automatically incorporate logic like KYC, OFAC automatically during the application process; integrate with popular accounting software to automate inputs. • Flexibility: Easily make adjustments when regulations or processes change, keep up to date with 7(a) and SBA regulations changes. • Future Proof: Unqork's no-code platform allows for the creation of complex software without generating legacy code.

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