Lender onboarding checklist template

We know how tough it can be to onboard a new lender. Before issuing a lender license to a lending agency, you must gather a lot of information and documents about them.

 It's critical to receive compliant documents before onboarding a lender. Why? 

Because you must avoid dubious lenders who may compromise your reputation by engaging in fraudulent activities or having a troubled lending history.

To onboard only the best-suited lenders, you must not miss any documents while onboarding a new lender.

While onboarding lenders, you need to comprehensively analyze their organizational details, loan documents, and performance report. It is also vital to do a comprehensive lender history check.

Many B2B lenders share confidential business documents over emails, which is an insecure and unreliable approach.

To minimize compliance risk and meet all requirements, you must collect and analyze all legal documents with Clustdoc's digital lender onboarding checklist. 

Clustdoc's lender onboarding checklist will simplify document collection and guide new lenders through the document submission process.

The lenders will, without any hassle, submit all necessary documents for the lender review process.

With Clustoc, you can step-by-step lead your new lenders through the onboarding process.

When you go the extra mile to make the onboarding process convenient for your lenders, they become loyal to your agency. 

The Best Digital Solution To Collect Lender Documents

The lender onboarding checklist from Clustdoc will let you create an automated interface to collect all relevant information from the onboard lender.

Using the checklist, you can thoroughly investigate the lender’s operating agreements, articles of incorporation, and closing documents to verify lender documents and prevent any fraudulent activities.

Our lender onboarding checklist is comprehensive, robust, and interactive. 

It will assist you in streamlining data collection so that you have all the information you need to onboard a lender. They can bring success to your business by creating a better experience for borrowers.

With Clustdoc’s easy-to-use but advanced features, you can efficiently understand the onboard lender’s business and market position.

With all of the information, it won't take long for you to analyze the lender’s documents and decide whether or not to provide them a lending license from your agency.

Collecting lender information is no longer a time-consuming part of the lender onboarding process with Clustdoc.

Create a Step by Step Checklist With Clustdoc

You can create a step-by-step checklist to onboard lenders and provide a seamless onboarding experience to them.

With Clustdoc as your lender onboarding platform, you can use a white-labeled custom lender onboarding checklist tailored to your business needs.

Depending on document requirements, you can include a variety of different items in your checklist. These checklist elements are, nevertheless, the most typical elements to add to your lender onboarding checklist:

• A welcome message and company details
• Lender Qualification Form
• Organizational, loan, and performance report collection 
• Supporting documents of files 

Easily Collect Lender Information with Clustdoc

Now you don’t have to switch between apps trying to share information with your onboard lenders. They can now easily share their business details on a more safe and secure platform.

Clustdoc’s smart checklist feature makes it easier for clients to share information without missing any necessary documents. You can save these documents on the cloud in a unique applicant folder. It is much easier to access the files for future reference.

With Clustdoc's lender onboarding checklist, you can easily and quickly build a unique one for your lenders by editing our ready-to-use checklist.

Use The Best Lender Onboarding Checklist For Your Company

With Clustdoc, you can provide a seamless onboarding experience to your lender because it’s faster, time-saving, and efficient for both you and your lender.

You can use our ready-to-use template and improvise according to your requirements to effortlessly onboard new lenders who can better serve your borrowers.

Now is the time to get started with Clustdoc and digitize and streamline document exchange between you and the onboard lender.