High inflation not seen in decades, rising interest rates, continuing supply chain issues from China’s zero COVID policy, and the …
HOW DIGITAL LENDING IMPROVES THE CUSTOMER JOURNEY FOR BANKS
Bank services and processes have been largely digitized. These days, it’s not even necessary for a bank’s customers to visit …
WHICH ALTERNATIVE CREDIT SCORE COMPANIES ARE BEST?
Alternative credit scores are based on data that isn’t typically tracked by the three major bureaus, like income, utility and rate payments.
UNDERSTANDING ELECTRIC VEHICLE LENDING MARKET SHARE FORECAST FOR LENDERS’ GROWTH POTENTIAL
The quickly growing market for sustainable personal transportation is also driving more electric vehicle lending. According to a report by …
BUILD A LOAN ORIGINATION PROCESS FOR AUTO LENDING WITHOUT THE RISK
The ever-changing world of technology requires industry-leading auto lenders to evolve their loan origination systems (LOS) to maintain a competitive …
LEASE OR LOAN ORIGINATION AUTOMATION: COSTS AUTO LENDERS MAY NOT HAVE CONSIDERED
Today’s consumers can get packages delivered in less than a day, hire a driver and get picked up in a …
BEFORE YOU BUILD A LOAN ORIGINATION SYSTEM AUTOMATION—CONSIDER THIS
It’s easier than ever for prospective borrowers to apply for a lease or a loan. In fact, people no longer …
AN OUTSOURCED LOAN SERVICING (BPO) TRANSITION CHECKLIST OF BEST PRACTICES TO EFFECTIVELY MANAGE A BPO CHANGE
Managed servicing (outsourced lease or loan servicing) isn’t just a case of “out of sight, out of mind.” While auto …
TOP 5 BENEFITS OF OUTSOURCING CALL CENTER SERVICES FOR AUTO FINANCE COMPANIES
Has the volume of calls and requests from your customers become overwhelming? Maybe you’ve considered establishing an in-house call center …
ESSENTIAL SERVICES OF A MANAGED SERVICING BPO BUSINESS PARTNER THAT AUTO LENDERS SHOULD CONSIDER
Many auto lenders wanting to improve the efficiency of business processes and reduce operational costs seek out a managed servicing …
