The Bancorp Delivers a Fast, Easy Digital Client Experience for the Loan Origination Process
Business Challenge: Reworking the Loan Origination Process
In the institutional banking space, The Bancorp provides securities-backed lines of credit, insurance-backed lines of credit and advisor financing to the independent wealth management channel. With increased competition from banks in that space, the executive leadership team decided to be aggressive and set ambitious goals: double market share, quadruple assets and revenue, and increase profits tenfold in this area.
To achieve these objectives, the team knew it needed to focus on creating the best client experience for the loan origination process in the industry, making it fast, easy and adaptable for clients to borrow from their portfolios, all while driving operational efficiencies and reducing risk.