Lease and loan servicing volumes are up. The reasons? Questions about loan forbearance. Increase in requests for lease and loan …
HOW TO EFFECTIVELY MANAGE CAR LEASE OR LOAN MODIFICATION REQUESTS
Established auto lenders have weathered several instances of market turbulence over the decades. The pandemic is yet one more storm …
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 …
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 …
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.
HOW AN LOS LOCKS IN TILA COMPLIANCE
It should be easy to comply with the Truth In Lending Act (TILA), more commonly referred to as Regulation Z …
THE BENEFITS OF AUTOMATION FOR AUTO LOAN COMPLIANCE
Today’s robots and long-gone steam engines have something in common: Automation. The essence of automation is the replacement of a …
DIGITAL LOAN PROCESSING: WHAT’S IN IT FOR YOU
What’s in it for me? That’s a legitimate question for every lender to ask when evaluating the features, capabilities, and …
USING AUTO LOAN DECISIONING RULES TO ACHIEVE COMPLIANCE
Auto lending regulations are the result of consumer advocates, industry lobbyists, and government officials proposing, negotiating, and compromising to bring …
HOW TO MEET THE CHALLENGES OF AUTO LOAN COMPLIANCE
Lenders are either compliant, or they’re not. Achieving compliance is a much easier option considering what happens to a non-compliant …
HOW TO KEEP UP WITH INDIRECT AUTO LENDING COMPLIANCE REGULATIONS
Tension and uncertainty created by the CFPB’s 2013 Indirect Auto Lending Bulletin evaporated April 18, 2018, when the US Senate …
