Regardless of economic climate, risk management remains an important factor for lenders to consider during the approval process. Its importance …
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 …
THE BEST SMALL BUSINESS LOAN SERVICING SOFTWARE FOR COMMUNITY BANKS
Pause for a moment and take a close look at your loan servicing process. Is it as efficient as it …
HOW CLOUD-BASED COMMUNITY BANK LENDING WORKFLOW BOOSTS EFFICIENCY AND CONSISTENCY
Today, community bank lending workflow solutions provide a more sophisticated level of automation.
THE BEST LOAN SERVICING PLATFORM FOR COMMUNITY BANKS
Many community banks are now evaluating loan servicing platforms from specialist providers to improve efficiency.
HOW COMMUNITY BANKS ARE USING ALTERNATIVE CREDIT DATA
Alternative data is helping community banks identify new opportunities and reduce risk.
WHY COMMUNITY BANKS ARE OUTSOURCING LOAN SERVICING
In our work with community banks, many have voiced the need for greater efficiency in handling high-volume, repetitive loan servicing processes. We’ve identified three compelling reasons why community banks are outsourcing loan servicing.
LOAN SERVICING COMPLIANCE MUST-HAVES FOR COMMUNITY BANKERS
Loan servicing compliance is one of the most important things community bankers think about when they manage their loan portfolios. Yet providing competitive loans to borrowers and managing them well is only one part of the process. You also must ensure that you’re following all federal and state regulations like the Equal Credit Opportunity Act and the Fair Debt Collection Practices Act.
WHY SOME COMMUNITY BANKS USE LOAN SERVICING PROVIDERS
The community banking industry is abuzz over loan servicing companies. Third-party loan servicing is one of the biggest community banking trends of the decade. The loan servicing software market is a $522.3 million industry and is expected to grow to a $785.6 million industry over the next five years.
THE BENEFITS OF BACK OFFICE OUTSOURCING FOR COMMUNITY BANKS
Having an efficient back office that essentially runs itself is one of the best ways to stand out in today’s saturated community banking industry.
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