Imagine a Financial Institution where in the Commercial Loan Group, it takes anywhere from 6 to 16 hours to put together a Loan Underwriting Package. Seems very tedious as it is already, right?
Now what if I told you that more than half (55%) of the submissions have to go back to the beginning of the process to be resubmitted and reworked once again, for whatever reason. Do you think it’s a healthy process?
Obviously not.
That’s exactly the situation that Tyson was facing when he started this Lean Six Sigma Black Belt Project.
Click here to view the actual use case
Think about it, if you can reduce the number of Resubmits, you can:
- Reduce the amount of unnecessary and repetitive work
- Reduce the amount of time it takes to complete a loan
- Reduce the cost it takes to complete a loan
- Improve Customer Experience
- Improve the bank’s competitive advantage as compared to other financial institutions
Want to see the project details, and learn what Tyson did to find the root causes, what solutions were implemented, and what the results were?
Click here to view the actual use case
If you want a blueprint on how to optimize your process or business further, download my FREE (for a limited time only) eBook – The Business Optimization Blueprint (downloaded in 34 countries!), and start bringing the best value to your clients and stakeholders.
RobbieAgustin.com
I help transform businesses and take them to the next level with my expertise in Agile, Lean Six Sigma, Operational Excellence, and Intelligent Automation. Author of The Business Optimization Blueprint.