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 Small Business Digital Lending Platform is a turnkey application enabling banks 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 underwriting team. The result is a flexible solution allowing you to get up and running quickly and support communities in need.