Manual Underwriting is a huge bottleneck!
By the time the financials are actually in the template and tied out, most of the turnaround is already gone. Not because the deals are hard. Because getting three years of statements off scanned PDFs and into a usable spread is slow, manual, and error prone every single time. Honestly it feels like data entry half the time.
The part of the job that actually needs an underwriter, the judgment, the risk read, the structuring, gets squeezed into whatever time is left and there usually isn't much.
The front end of spreading hasn't really changed. Feels like every other function in the bank has moved on and credit is still grinding it out by hand.
How's your team handling the data entry side of spreading, or is everyone just powering through it manually?
