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Research Report 

Achieving High-Performance Lending: The Impact of AI on Lending Efficiency

For many credit unions and community banks, a lack of innovation in their lending operations results in inefficient processes. This report outlines the challenges financial institutions face; reveals how AI can impact loan processing efficiency; and presents opportunities for banks and credit unions to achieve maximum operational lending performance.

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Details on these findings:

  • The second highest reported concern, after “Cost of funds”, included “Efficiency”
  • 52% of respondents indicated it takes six weeks or longer to deploy a new credit model
  • 80% of respondents believe AI technologies can and will improve the lending processes
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About Cornerstone Advisors

At Cornerstone Advisors, our goal is to deliver tangible business impact to financial institutions and fintechs. We know that when institutions improve their strategies, technology, and operations, enhanced financial performance naturally follows. Because we live by the philosophy that businesses can’t improve what they don’t measure, we show banks and credit unions how to use laser-focused measurement to make smarter technology decisions.