Community banks are unlike any other financial institution. They truly understand the individual needs of small businesses and the community …
LOAN PORTFOLIO RISK ASSESSMENT: A GUIDE FOR LENDERS
Lenders face an uncertain financial market in a constantly changing global economy. To negotiate this dynamic milieu, lenders need to …
10 CREDIT RISK MANAGEMENT STRATEGIES
Credit risk management is paramount for lenders as it directly impacts their financial stability and long-term success. It helps lenders …
CREDIT RISK MANAGEMENT CHALLENGES & HOW TO OVERCOME THEM
Lenders face numerous credit risk management challenges. One big challenge is assessing borrowers’ creditworthiness accurately, which requires understanding their financial …
12 LOAN ORIGINATION KPIS & HOW TO MEASURE THEM
Loan origination KPIs (key performance indicators) are crucial metrics lenders use to assess the efficiency and effectiveness of their lending …
LOAN MANAGEMENT PROCESS: STEP-BY-STEP GUIDE
The loan management process is a critical stage that begins once an applicant is approved and the lender successfully funds …
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 …
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 …
LOAN OUTSOURCING: BUSINESS PROCESS OPTIMIZATION FOR AUTO LENDERS
Every auto lender strives for greater efficiency and lower operating costs. Throughout the lending cycle, there are dozens of opportunities …
