With the assistance of pre-screen technology, portfolio analysis, and artificial intelligence, lenders can provide real-time lending decisions. Using portfolio analysis to make lending and business decisions is a weapon that every financial institution should have in their back pocket.
Portfolio analysis allows financial institutions to track each line or product’s contribution. It also allows them to track employee contribution and decision making. By analyzing contribution you can examine overall return to lean out products and concentrate on the most lucrative sectors.
Loan analytics can help you monitor activity, and when needed, make changes. By using portfolio analysis, you can make appropriate changes based on data rather than intuition. While data cannot run your institution, it certainly can help steer you in the right direction.