Over the past few years, numerous FinTech lending companies have emerged, calling themselves tech companies. SoFi, Lending Club, PeerStreet, Karna, and others have tried to ease the process. Yet even with the introduction of these digitized options, many lenders cease to adopt the new digitized features and instead continue to rely on the old-fashioned manual way. This way of doing business is not intrinsically wrong but it is not cost-effective and is prone to error. Also, clients seek a better experience that includes instant satisfaction and an engaged experience from the moment they apply for a loan all the way to paying for it. Follow this link https://www.fundingo.com/automation-is-key-in-preparation-for-a-downturn/