Welcome to defi ANSWERS. This is where you’ll find in-depth perspective on loan origination systems, servicing, analytics, and industry-specific lending needs. We publish case studies, expert interviews, vendor selection and other guides – all to help you discover the best possible lending solution for your company.
Your current lending software hasn’t been updated in years. With a heightened level of competition in today’s market, you realize that without the latest lending software capabilities you’re at a disadvantage.
In a highly competitive auto lending market, lenders have to focus on process efficiency to stay profitable. If you’re using legacy lending software, you’re at a disadvantage.
How do you select the best auto loan origination software (LOS)? The best auto LOS systems do more than help you hit your current business goals.
Fintech is getting an increasing amount of attention in recent months from media, financial institutions, and analysts. A sample:
Lending regulations are a permanent part of the industry. Their numbers grow, and existing ones evolve. It’s the result of contentious interaction among consumer activists, industry lobbyists, and politicians.
Your legacy loan origination software is aging. Maybe you can’t even remember when it was first installed. Costs, functionality, company growth, demands of regulatory compliance, and an increasingly competitive market; any one of these is reason enough to consider new software. You and every one of your employees know it’s time to make the move to a modern loan origination system. There’s nothing to be gained by delay.
How old is your current loan origination system (LOS)? If you can’t remember, you’ll be glad you’re reading this. If you haven’t evaluated loan origination systems in more than five years, you’ll find there’ve been significant advances in technology. These advances virtually guarantee improved loan origination efficiency, lower processing costs, and help comply with changing regulations.
We’ve reviewed recent publications such as the Deloitte 2018 Banking Industry Outlook, American Banker – Top Bank Tech Trends for 2018, and ABA – Fintech – Promoting Responsible Innovation, and focused on the banking news that matters most to financiers and lenders.