A staple for commercial banks!
Rating: 10 out of 10
Use Cases and Deployment Scope
BankStride automates document collection, loan covenant monitoring, vendor management, track construction budget and draw requests, etc. It is the only that actually automates these activities because it interfaces directly with our clients, vendors, etc. It's both secure and personal, and our customers report a better experience due to the platform's simple and intuitive interface.
Pros
- automates document collection
- automates loan monitoring
- automates risk reporting
- loan portfolio management
- construction loan monitoring
- loan draw management
- loan processing
- secure document collection
- loan exceptions management
- vendor management
- OCC compliance
- Regulatory reporting
- regulatory compliance
Cons
- Wish it was free
Likelihood to Recommend
BankStride has saved us a tremendous amount of time and has been a key driver of growth and productivity within our company. The platform makes it easy for borrowers to submit documents, so the number of loan exceptions across our portfolio has decreased substantially. As a result, we can quickly identify pockets of risk within our loan portfolio and take appropriate steps to address areas of concern. It also makes regulatory audits and reporting much easier.
Vetted Review
1 year of experience