Home › Resource library › Case studies › Cost to fund reduced from 980 to 850 using smartranstm approach Cost to fund reduced from $980 to $850 using SmarTrans approach Share The Client Top 20 regional US Bank Challenge Several challenges in loan closing: Delays Doc errors leading to rework Higher cost Solution Analysed Business Operations Deep dive of processes, value stream map, etc. to create solutions and priorities Recommended changes and redesigned workflow e.g. Improved load balancing Execution Validation to remove fee errors during “change of circumstances” System enhancement to create separate queues System validation to ensure that fees are not updated in incorrect fields Value Delivered Significant direct cost saving Improved Cost to Funding by 13% Days to Fund reduced from 48-55 days to 35-40 days Additional savings from new opportunities identified - $1.34 M Reduction in errors (which reduced cost to cures from $55- $60 to $12-$17)
