Vine Financial, a leading commercial lending accelerator for banks and credit unions, has taken another major step toward smarter, faster lending. The company has upgraded its platform to read a wider range of financial statements, helping lenders make more accurate credit decisions in less time.
With this update, Vine’s platform now automatically imports financial data from audited and interim financial statements alongside tax returns into each lender’s customized spreading templates. This automation not only reduces tedious manual data entry but also enhances audit readiness and gives lenders greater confidence in their credit quality.
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“Manual data entry slows down lending decisions and increases the risk of human error,” said David Eads, CEO and co-founder of Vine. “By expanding the Vine platform’s capabilities, we’re freeing lenders to focus on decision-making rather than data handling improving both speed and borrower experience.”
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The addition of audited and interim financials allows lenders to get a more complete view of a borrower’s financial position, particularly when recent tax returns aren’t yet available. For banks and credit unions serving clients with audited statements, this offers a clearer, timelier picture of creditworthiness.
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Ultimately, Vine’s latest enhancement strengthens the platform’s mission to make lending faster, more accurate, and more transparent. By expanding its AI-powered document reading technology, Vine helps financial institutions streamline their workflows, stay competitive, and deliver better outcomes for borrowers.
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