defi ANSWERS
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.
The Best Loan Origination Software: A Comparison for 2019-2020
Across most industries, software is assuming ever-greater responsibility for making decisions that previously were made by experienced professionals. Algorithms, machine learning, and analytics process volumes of data to enhance process efficiency and decision consistency. These improvements are forcing every industry to evaluate the capabilities of their existing software portfolio.
The lending industry is no exception. Recent advances in lending software (loan origination in particular), should prompt every lender to evaluate their current software’s capabilities.
The Growing Threat of Fraud in Auto Loan Origination
Auto loan fraud statistics show how fraud has hurt auto lenders. Industry articles call attention to the creative methods of fraud perpetration. Now there’s a conference devoted to vehicle finance fraud. However, just as technology is enabling auto loan fraudsters, it’s also helping lenders. The latest advancements in fintech and analytics are helping lenders avoid becoming another auto loan fraud statistic.
Use Auto Finance Structuring To Optimize Loan Origination
How much time do your underwriters waste on loan origination decisions that could (and should) be automated? How many deals do you fail to capture because another lender responded faster with an attractive loan offer? Deal structuring is both art and science. Breakthrough science (loan origination technology) helps lenders refine the art of profit and portfolio performance.
What To Look For in Loan Origination Software Pricing & Licensing
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.
The Top Loan Software for Lenders
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.
The Loan Origination Workflow Checklist
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.
The Best Auto Loan Origination Software
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: Auto Loan Software’s Place in the Industry
Fintech is getting an increasing amount of attention in recent months from media, financial institutions, and analysts. A sample:
Acing Regulatory Compliance with Automated Loan Decisioning
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.
How To Select the Best Loan Origination Software
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.
The Best Loan Origination Systems:
Comparison Criteria for 2018-2019
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.
The 2018 Banking News Impacting the Lending Industry Through 2019
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.
