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4 Strategies for Bank Profitability Amid Low Interest Rates

on Jul 26, 2021 7:21:22 PM By | Jeff Grobaski | 0 Comments |
Historically low interest rates have sent borrowers racing to take advantage of the savings. Consumer mortgage departments, in particular, have been swamped with purchases and refinances -- with home loan rates dipping below 3% at times. Yet on the other side, such low rates have likely given more than one bank director heartburn as they look ahead toward overall bank performance for the year. However, community banks still have opportunities to maintain profitability, even when they are not earning as much on the money they are lending.
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3 Emerging Trends in Digital Lending Solutions

on Jul 21, 2021 11:12:02 AM By | Jeff Grobaski | 0 Comments | banking opportunities financial institutions
Digital lending used to be a “nice to have” feature in the community banking world; now it is considered table stakes. While digital transformation was already underway with online applications, mobile banking apps, and more, the use of digital solutions skyrocketed during the COVID-19 pandemic. 
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The Best Online Notary for Banks

on Jul 14, 2021 5:01:45 PM By | Norman Woolworth | 0 Comments |
The pandemic intensified the need for online loan documentation and remote signing in the banking industry.  A lot of financial institutions were caught flat-footed, unable to generate loans due to the lockdown. This problem accelerated the need for easy-to-use, secure solutions. 
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How Banks are Helping Hospitals Get Paid

on Jul 7, 2021 11:05:15 AM By | Norman Woolworth | 0 Comments |
Successfully collecting on internal payment plans is one of the biggest problems facing hospitals and healthcare facilities, today. Fortunately, there is a solution that benefits medical providers, community banks and -- most important – patients.
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New Lending Opportunities in a Post-COVID World

on Jun 11, 2021 9:11:26 AM By | Jeff Grobaski | 0 Comments | patient lending
As the words “return to normal” and “post-COVID” enter our vocabulary, they reveal the real-world after-effects of the pandemic. Experts expect the ensuing impact of the coronavirus to affect everything from major industries to transportation, to society’s approach to work and education.
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Notary@Epic River Enhances Both The Banking And The Borrower Experience

on Mar 23, 2021 5:42:27 PM By | Jessica Toney | 0 Comments | financial institutions
Epic River has been a premier lending innovator for over a decade. Through the Platform@EpicRiver, community banks and credit unions have been able to better serve their communities through a variety of online lending programs. Our latest solution focused on driving fee income, Notary@EpicRiver, speeds up the lending process and leverages existing on-staff notaries.
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Webinar Recording: Healthcare - Fast Track Your Time to Cash

on Sep 24, 2020 6:13:30 PM By | Jeff Grobaski | 0 Comments | healthcare billing solutions
Over the past several months, your team may have been thrown into unchartered territory, rapidly learning to navigate telehealth, payment delays, and coronavirus claims as well as payor changes and inconsistencies.
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How Hospitals are Helping Patients Pay Their Bills

on Sep 16, 2020 11:21:42 AM By | Norman Woolworth | 0 Comments | hospital financing
It seems the forced moratorium on medical bill litigation that accompanied the coronavirus shut down over the spring has ended. Recently, the number of hospitals and patients suing one another has increased. Sick and injured people shouldn’t have to choose between buying groceries or paying their bills. On the other hand, healthcare providers not compensated for services may be forced into bankruptcy. At last count, 42 hospitals closed or filed for bankruptcy this year, with more expected in the coming months. 
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Don't Wait for Congress to Pass a Bill on PPP Loan Forgiveness

on Aug 18, 2020 7:05:11 PM By | Jeff Grobaski | 0 Comments | financial institutions
Waiting to see what Congress does about PPP loan forgiveness is a risky choice for financial institutions. Large banks and credit unions are already communicating with their borrowers about how to prepare for loan forgiveness and are going to start processing applications in a couple of weeks.  Borrowers are getting impatient -- and there will be tax implications for carrying loans into 2021. The SBA is ready, your borrowers are ready, we have a portal to streamline the whole process for you. Let’s get started. 
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Helping Credit Unions and Community Banks Navigate PPP Forgiveness

on Aug 6, 2020 5:27:13 PM By | Jeff Grobaski | 0 Comments | financial institutions
Great job! You’ve helped your members and borrowers access the capital they need to stay solvent through the last several months.
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