NEW YORK – (BUSINESS WIRE) – Sep 21, 2021–
Acuity Knowledge Partners (Acuity) – a leading provider of tailor-made research, analysis and technology solutions to the financial services industry – today announces the launch of its retail lending services to help commercial banks and detail in the origination, processing, underwriting, closing and post-closing of space loans. As a result, Acuity has expanded its presence, covering all lending divisions, allowing banks to leverage Acuity’s strong expertise in the area for all of their lending services.
“The strong economic recovery, along with an increase in demand for housing in the United States, indicates that homebuyers and small business owners need quick responses to their loan requests,” said Robert King, CEO of Acuity Knowledge Partners. “Banks are partnering with Acuity to help them streamline lending processes. With Acuity’s in-depth understanding of the business and its flexible staffing model, banks can achieve faster response time, better risk decisions, and savings of 35-40% on banking operations. creation of loans, underwriting and management.
Acuity has nearly 20 years of experience supporting global banks throughout the loan lifecycle. Its retail lending services provide origination, processing, underwriting, closing and post-closing assistance for consumer mortgages and other retail products. Leveraging a blend of people, processes and technologies, the company provides tailored solutions to its 90+ banking clients spanning personal, business, mid-market, real estate and effect finance lending. leverage.
“We now officially support banks on institutional and retail credit operations. The tangible and measurable results our partnership has generated on the institutional side have led many of our clients to get involved in their mortgage and retail business, ”said Damian Burleigh, Director of Revenue and Marketing, Acuity Knowledge Partners. “This natural extension is sure to create economies of scale for our existing customer base and open up new avenues for our services with regional banks and other strong retail players. “
“We expect loan volumes to increase over a period of time as the economy gradually recovers from the impact of the pandemic and ease of supply on the housing market,” said Rajul Sood, global head of housing. commercial and retail lending solutions, Acuity Knowledge Partners. “Our mortgage underwriting, due diligence and loan management capabilities will give our clients a competitive advantage at this critical juncture to help them speed to market and optimize their lending processes. “
Acuity’s loan support agents standardize and streamline end-to-end approval, underwriting and loan service processes, using technology platforms, while identifying red flags in loan requests, such as high credit card usage, late payments, or lack of credit history. In doing so, Acuity enables banks to grow their loan portfolios, improve the customer experience, and mitigate the risk of default and default on their loans.
The gradual economic recovery from the pandemic, along with strong economies and low mortgage rates, means that the goal of homeownership for potential new buyers is within reach. Although recent data suggests a slowdown in the housing market, competition is likely to remain vigorous in the US market in the short to medium term.
About Acuity Knowledge Partners
Acuity Knowledge Partners is a leading provider of tailor-made research, analysis and business intelligence to the financial services industry. The company’s network of analysts and industry experts, combined with its advanced data and technologies, help more than 400 financial institutions and consulting firms around the world operate efficiently and unleash their human capital, increasing thus their income and transforming their operations. She specializes in investment banking, investment research, private equity, advisory and commercial loans. Acuity is headquartered in London and operates from 10 locations around the world. In 2019, the company was formed as a separate venture from Moody’s Corporation, following a management buyout backed by Equistone Partners Europe. For more information visit www.acuitykp.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20210921005768/en/
CONTACT: Gyanendra N Pati
Director, Head of Marketing and Communications
KEYWORD: NEW YORK EUROPE UNITED STATES UNITED KINGDOM NORTH AMERICA
INDUSTRY KEYWORD: TECHNOLOGY FINANCE CONSULTING BANKING OTHER TECHNOLOGIES PROFESSIONAL SERVICES SOFTWARE DATA MANAGEMENT OTHER PROFESSIONAL SERVICES
SOURCE: Acuity Knowledge Partners
Copyright Business Wire 2021.
PUB: 09/21/2021 10:04 a.m. / DISC: 09/21/2021 10:04 a.m.
Copyright Business Wire 2021.