Businesses are always looking to make their operations more efficient, and it’s no different for consumer lenders. Because of its…
UNDERWRITING COMPLIANCE: HOW TO ACHIEVE, MAINTAIN, AND DEMONSTRATE IT
The demands necessary to run an efficient, profitable lending operation must be balanced against compliance with constantly changing regulations. These…
RESHAPE LOAN ORIGINATION PROCESS WITH NEW LENDING TECHNOLOGY
Updated on 2/26/24 By leveraging modern technology, financial institutions can make daily interactions with their customers frictionless and effortless. Technology…
CREDIT UNDERWRITING FRAMEWORK: KEY COMPONENTS TO CONSIDER
A well-defined credit underwriting framework is essential for responsible lending and risk management. To meet the challenges of an ever-changing…
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…
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…
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…
YOUR CALL CENTER OUTSOURCING COMPARISON GUIDE FOR FINCOS AND AUTO LENDERS
Many fincos and lenders who specialize in the auto industry have realized that the management of a call center is…
WHY OUTSOURCING THE COLLECTIONS PROCESS MAKES SENSE FOR AUTO LENDERS
How efficiently are you managing collections? Unlike the lease or loan origination process which is comparably quick and predictable, the…
MAKE YOUR AUTO LENDING PROCESS FLOW MORE SMOOTHLY: HOW MANAGED SERVICING CAN HELP BOOST EFFICIENCY
Compared to the lease or loan origination process, the servicing process is far more complex. It can last years, and…
