EXL's digital loan forgiveness solution
Lenders in the US have issued more than $500 billion in SBA Paycheck Protection Program (PPP) loans and are now preparing for the task of accepting Loan Forgiveness Applications from their borrowers.
EXL’s digital loan forgiveness solution automates the loan forgiveness process and reduces the need for manual review. The solution is available as an EXL-hosted service (PaaS) or can be deployed as modular components within the lender’s environment.
Solution highlights
An intuitive portal to guide borrowers through the application process
Integration with payroll providers and banks to provide supporting information
AI-based decision engines to perform reviews automatically
Experienced operations teams to perform manual exception reviews
How is EXL loan forgiveness solution different.
EXL’s forgiveness solution helps lenders handle unpredictable application volumes and provides a guided experience for borrowers to navigate the complicated application options. EXL will continue to track the latest SBA changes and enhance our solution accordingly.
Mail us at sba.ppp@exlservice.com to learn more about how we can help with your PPP loan forgiveness needs.