Commercial Loans Closed per Commercial Loan Processing Employee
This PDF report includes benchmarking data (in a visual, chart-based format), an comprehensive KPI definition, characteristics of high performers and technical details on measuring Commercial Loans Closed per Commercial Loan Processing Employee. Purchase and download this easy-to-understand, presentation-ready report immediately to compare performance levels, set attainable performance targets, and push towards best-in-class performance for this KPI.
What is Commercial Loans Closed per Commercial Loan Processing Employee?
The total number of commercial loans closed over a certain period of time divided by the number of employees processing commercial loans. Commercial loan processing employees perform administrative tasks to compile loan packages prior to loan close.
Why should Commercial Loans Closed per Commercial Loan Processing Employee be measured?
Commercial Loans Closed per Commercial Loan Processing Employee measures the total number of commercial loans closed in relation to the number of employees processing loans at the same point in time. This metric indicates commercial loan production levels and is important in understanding capacity and staffing requirements for commercial lending. Low numbers of commercial loans closed per commercial loan processing employee (i.e. low levels of loan closing production) could be an indication of a variety of issues related to commercial loan performance, including intricate or complex commercial loan processes; a high number of customer follow-ups for incomplete or missing information on commercial loan applications that extends processing cycle times; a lack of communication between commercial loan officers and commercial loan processors (and other parties that may be involved); and/or inconsistent training or job aid materials for expedited commercial loan closing processing.
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