Looking ahead to the new year, banks, credit unions, and other lenders are reevaluating how they respond to unexpected economic …
THE ADVANTAGES OF AN AUTOMATED LOAN PROCESSING SYSTEM
Automated loan processing systems deliver a better customer experience. Want better quality lending decisions and analytics for continuous improvement? Read on.
HOW TO AUTOMATE AN END-TO-END LOAN LIFECYCLE FOR AUTO LENDERS
At each stage of an auto loan’s lifecycle, employing automation helps the process become more efficient, increases accuracy, and adds …
HOW LOAN ORIGINATION AUTOMATION TECHNOLOGY CAN IMPROVE AUTO LENDERS’ BOTTOM LINE
Automation has already made significant strides in the auto lending industry. But, lenders with outdated, stagnant loan origination systems are …
WHICH LOAN ORIGINATION AUTOMATION ACTIVITIES OFFER THE MOST OPERATIONAL VALUE?
Automation is not a new concept in the lending industry. Lenders have been using it for years to save time, …
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 …
INCREASE LENDER EFFICIENCY WITH AUTO LEASE OR LOAN SERVICING AUTOMATION
Lease and loan servicing volumes are up. The reasons? Questions about loan forbearance. Increase in requests for lease and loan …
HOW TO HIRE THE BEST BUSINESS PROCESS AUTOMATION COMPANIES IN THE BANKING INDUSTRY
Business process automation (BPA) replaces inconsistently-executed manual activities with consistently-executed workflows and decisions. The result for financial services providers: Lower processing costs. Banks evaluating business process automation companies should look for the following capabilities to improve lending efficiency.
BUSINESS PROCESS AUTOMATION FOR BANKING LOAN ORIGINATION
Business process automation has helped the banking industry bring efficiency to high-volume processes. It brings speed and accuracy to account openings and closures, credit card applications, and loan originations. Recent fintech innovations are transforming the loan origination process with lower processing costs, better quality, and consistency in lending decisions—and lower risk.
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