Many lenders are receiving an overwhelming number of loan servicing requests in recent months—but why? The impact of COVID-19 plays …
HOW ADVANCED CREDIT RISK MANAGEMENT TECHNOLOGY BOOSTS APPROVAL RATES
Regardless of economic climate, risk management remains an important factor for lenders to consider during the approval process. Its importance …
HOW NO-CONTACT LOAN OR LEASE ORIGINATIONS CAN HELP GROW YOUR PORTFOLIO
If you’ve ever considered the importance of mobile lending technologies but haven’t acted on it, recent events should be moving …
ACCELERATE THE CAR-BUYING JOURNEY WITH LOAN OR LEASE ORIGINATION
In a world where the car-buying journey has become increasingly digital, lenders and dealers must adapt to attract motivated buyers …
AUTO FINANCING ONLINE: 5 CAPABILITIES YOUR SOFTWARE SOLUTIONS SHOULD PROVIDE
The ability to handle auto financing online is one of the past decade’s greatest innovations for lenders. Gone are the …
WHY AUTO LOAN ONLINE APPLICATIONS HAVE NEVER BEEN MORE IMPORTANT
Over the past decade, an increasing number of buyers have turned to online resources to shop for vehicles. Though not …
HOW AUTO LOAN SERVICING OUTSOURCING CAN BE MORE COST-EFFECTIVE THAN IN-HOUSE PROCESSING
In-house processing was once one of the only effective options for banks, credit unions, and fincos to manage their lending …
THREE UNANTICIPATED AUTO LENDING TRENDS IN 2020
In late 2019 many industry publications highlighted the expected auto lending trends for 2020 anticipated by J.D. Powers, Fitch, and …
WHY OUTSOURCING CAR LOAN CUSTOMER CARE MAKES SENSE
Customer care is the bread and butter of the auto lending industry. While it’s important to have reliable loan origination …
HOW LOAN ORIGINATION BUSINESS RULES REV AUTO LENDING
Advancements in fintech are transforming loan origination into an increasingly-automated process. Loan applications are now often turned into booked loans with little to no intervention from an underwriter. Underlying this automation is a set of loan origination business rules.
