Banks Use Bank Assetpoint to Expand Their Loan Portfolios without Compromising Their Lending Criteria
Three Banks Source Commercial and Industrial Loans
Three banks faced limitations in each of their geographic markets and found it difficult to identify opportunities.
- Concurrently, a commercial finance company specializing in originating loans to insurance firms was searching for community banks interested in purchasing these loans and participations.
- The finance company embraced strict underwriting criteria, thorough documentation requirements, and continual monitoring of collateral performance. Although successful at originating, it needed a more efficient way to identify potential buyers on a nationwide basis.
- Bank Assetpoint helped to connect all three banks to the finance company, allowing each bank to streamline the process of searching for loan opportunities, resulting in purchases of loans and loan participations of nearly $2M and with the potential for additional acquisitions.