The consumer asset finance process refers to lenders that offer financing to individuals for purchasing various kinds of assets, including …
HOW TO CHOOSE CREDIT UNION SOFTWARE FOR 2023 AND BEYOND
Credit unions have a distinct advantage over nationwide financial institutions: their deep understanding of the local economy and the specific …
3 CREDIT UNION TECHNOLOGY CHALLENGES
Some of the top credit union technology challenges right now are: Lack of agility in deploying IT resources and services to meet dynamic processing demands associated with business cycles; inability to rapidly implement new applications or modify existing applications to meet evolving market needs; and obtaining maximum value from the growing volumes of data generated by transactions and customer interactions.
AUTO LOAN SERVICING FOR CREDIT UNION PORTFOLIOS
When you hire a third-party loan servicing company to go through each of these steps with you, your credit union will enjoy many benefits, including better portfolio performance. If you want to manage assets more effectively, consider hiring an auto loan servicing expert.
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 …
5 LOAN SERVICING KPIS LENDERS SHOULD KNOW & TRACK
Lenders heavily rely on borrowers’ willingness and ability to repay loans in order to generate profits. To assess these factors …
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 …
4 STEPS TO IMPROVE INDIRECT AUTO LENDING FOR CREDIT UNIONS
As a proportion of US auto lending, credit unions now control the highest share of the overall market. According to …
HOW TO SELECT THE BEST LOAN SOFTWARE FOR CREDIT UNIONS
Credit unions are gaining market share in the US auto lending sector, according to a December 2021 article published in …
COMPARING CREDIT UNION SOFTWARE PROVIDERS FOR AUTO LOAN SERVICING (2023)
There are dozens of credit union software providers for auto loan servicing solutions. They range from global software providers who …
