Money
Michael Lee says BankSouth cut loan turnaround to 11 days
No Priors Podcast
Re-Founding Incumbents for the AI Era with Sequence Holdings Co-Founder and CEO Michael Lee
What was said
"We've started to roll out commercial loans underwriting over the last few months and we functionally have taken the average loan at the bank which used to take 30 days to go go end to end to 11 days."
Michael Lee of Sequence Holdings says BankSouth’s rollout of commercial-loan underwriting tools cut average end-to-end loan turnaround from about 30 days to 11 days. He also says loan volumes doubled in Q2 versus Q1, and the bank handled the increase without changing underwriting standards despite fewer underwriters.
Verification status
Attributed speaker claim
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
Source and context
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
- Speaker
- Michael Lee · guest
- Programme
- No Priors Podcast
- Episode
- Re-Founding Incumbents for the AI Era with Sequence Holdings Co-Founder and CEO Michael Lee
- Clip time
- 32:42
- Original source
- Watch the source segment →
From this episode
No Priors Podcast