Commercial Loan Application to Underwriting Decision Cycle Time

Benchmarking Report

Commercial Loan Application to Underwriting Decision Cycle Time

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 Loan Application to Underwriting Decision Cycle Time. 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 Loan Application to Underwriting Decision Cycle Time?

The number of calendar days required to reach initial underwriting decisions on commercial loans, measured from the time the initial application is received from the potential borrower until when the adjudication decision has been made by the underwriting, or risk management, function.

Why should Commercial Loan Application to Underwriting Decision Cycle Time be measured?

Commercial Loan Application to Underwriting Decision Cycle Time measures the number of calendar days required to determine initial underwriting decision on a commercial loan, from the time that the application for the loan was received. Measuring Commercial Loan Application to Underwriting Decision Cycle Time is important to not only understand the performance of internal loan operations but to also understand the service levels provided by financial institutions to customers and the resulting levels of customer satisfaction. Extended cycle times can occur for any number of reasons, including multiple touchpoints within the application and underwriting processes (typically due to missing or incorrect information or documentation), a lack of communication between teams or with customers concerning the status of the loan, unclear commercial loan requirements, poor underwriter performance, or inconsistent training/use of job aids during processing.


Download a Sample Commercial Loan Application to Underwriting Decision Cycle Time

Frequently Asked Questions

Q: How do you collect and validate your data?

A: From real-world consulting engagements with Fortune 500 leaders. We’ve spent 25 years conducting original research and anonymizing data from our engagements with top companies around the world. Every single data point we collect is scrutinized by our analysts to conform to established baselines and our rigorous in-house validation process. We won’t serve it up to you unless it meets our tough standards for utility and value.

Q: How much information will my Benchmarking Report contain?

A: Enough to produce a useful benchmark. And rest assured that it’s all current, validated, and useful. We only include data that’s been collected in the last five years. And while sample sizes vary by KPI, the average is 25, and the high end can surpass 1,000.

Q: How often do you update your reports?

A: Every year. We’re constantly gathering, scouring, and processing new data. We update our reports based on trends our analysts detect in the data, as well as the demand from our consulting clients and customers like you.

Q: Your download-able reports look great. But I need something custom. Can you help?

A: Heck yes. Our crack research teams just love custom assignments, and would be delighted to perform targeted research tailored to your specific requirements. Find out just how fast and affordable this is: Email us (info@opsdog.com) or call us at 866.650.2888 and one of our friendly professionals will be happy to answer all your questions.

Have a question? Call: 844-650-2888 Email: info@opsdog.com