Improving the loan application and management on a lending platform
An essential aspect of “loan management,” which is keeping tabs on loans from application through closure, is keeping track of borrowers and their payments. At a CAGR (compound annual growth rate) of 11.6% between 2022 and 2028, the worldwide loan servicing software market isprojected to reach $1437.6 million. In large-scale lending operations, manual loan administration…