EXL's digital loan forgiveness solution

EXL's digital loan forgiveness solution

SBA paycheck protection program

Get in touch

EXL's digital loan forgiveness solution

SBA paycheck protection program

Get in touch
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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

 

Intuitive portal

An intuitive portal to guide borrowers through the application process

Integration-with-payroll

Integration with payroll providers and banks to provide supporting information

AI-based-decision-engines

AI-based decision engines to perform reviews automatically

Experienced-operations-teams

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.

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