Managing risks in loan processes is a common challenge for financial institutions, borrowers and stakeholders alike. Whether in traditional banking or digital lending, loan processes come with various risks, ranging from credit and operational risks to regulatory and market uncertainties. To navigate these risks, you need a comprehensive understanding of factors such as economic conditions, borrower profiles, and regulatory frameworks. Moreover, with the emergence of digital platforms and alternative lending models, traditional risk management solutions have to adapt to the changing financial ecosystem. In this article, we’ll discuss effective risk management in loan processes. By delving into the nuances of risk identification and mitigation strategies, we’ll empower lenders and borrowers…