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 …
TO REDUCE CREDIT RISK, TAKE ADVANTAGE OF THE LATEST LENDING INNOVATIONS
How do you effectively reduce credit risk? Some lenders use manual risk assessment tools, portfolio management spreadsheets, and even good …
MINIMIZING COMMUNITY BANK LENDING RISK DURING A FINANCIAL CRISIS
COVID-19 is redefining the notion of risk in nearly every facet of the global economy, forcing financial institutions to rethink …
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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