The loan management process is a critical stage that begins once an applicant is approved and the lender successfully funds …
7 CREDIT UNION TECHNOLOGY TRENDS FOR 2023
Competition is getting tougher in the lending industry, and credit unions aren’t insulated from such difficulties. Rising interest rates and …
UNDERSTANDING DISPARATE IMPACT IN LENDING
Most lenders are well-versed on what discrimination looks like and how to prevent blatant forms of it from occurring within …
TRUTH IN LENDING ACT FOR AUTO LOANS – EFFECTS ON LENDERS
Passed in 1968, the Truth in Lending Act encourages accuracy among consumer lenders by requiring they disclose certain terms when offering a loan. Modern lending platforms can support an auto lender’s compliance with this act and associated regulations.
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 …
UNDERWRITING COMPLIANCE: HOW TO ACHIEVE, MAINTAIN, AND DEMONSTRATE IT
Auto lenders have many underwriting compliance requirements. They also need efficiency and profitability. New lending technology can help them do it all.
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 …
WHY FULL CALL CENTER OUTSOURCING MAKES SENSE FOR AUTO LENDERS
Lending institutions of all sizes are looking for strategies to improve the efficiency of customer care and simultaneously lower operational …
HOW OUTSOURCING ACCOUNTS RECEIVABLE AND COLLECTIONS IS ADVANTAGEOUS FOR AUTO LENDERS
Unlike loan originations which has a relatively short start to finish cycle and uses automation extensively to bring consistency and …
WHY THE MANAGED SERVICING BPO VALUE PROPOSITION MATTERS MORE THAN EVER FOR AUTO LENDERS
A growing number of auto lenders are seriously evaluating managed servicing (business process outsourcing (BPO) services for lease and loan …
