The process of acquiring an automobile, either buying or leasing a brand new or pre-owned upgrade, has been gradually transforming …
AUTO FINANCING: CORONAVIRUS’ SHORT- AND LONG-TERM EFFECTS
In the past months since the onset of COVID-19, you’ve likely been in a reactive mode, scrambling to cope with …
HOW ADVANCED CREDIT RISK MANAGEMENT TECHNOLOGY BOOSTS APPROVAL RATES
Regardless of economic climate, risk management remains an important factor for lenders to consider during the approval process. Its importance …
THE RIGHT SOFTWARE CAN SIMPLIFY THE LOAN ORIGINATION PROCESS FOR CREDIT UNIONS
How would you describe your loan origination process? Fast, easy, simple, competitive advantage? Or is it slow, cumbersome, confusing, and …
HOW CREDIT UNION LENDING WORKFLOW BOOSTS EFFICIENCY AND CONSISTENCY
If you’ve been thinking about upgrading your system, here’s what you need to know about the benefits of an optimized workflow.
THE BEST LOAN SERVICING PLATFORM FOR CREDIT UNIONS
Our guide covers seven qualities of an excellent loan servicing platform to ensure the greatest impact on your operational efficiency
ALTERNATIVE DATA FOR CREDIT UNION LENDING DECISIONS
Using alternative data, credit unions can more fairly assess applicants—even those who might never held a credit card or who have just opened a new account. By providing loans to these members, credit unions can corner a market that some other lenders neglect.
HOW AUTO LOAN SERVICING IMPROVES 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.
A LOAN SERVICING COMPLIANCE GUIDE FOR CREDIT UNIONS
Following a loan servicing compliance guide and relying on experts to guide you can help protect your credit union members. Just remember that you still have to go through the process of researching specific regulations for your state and industry to remain compliant.
WHAT CREDIT UNIONS WANT FROM LOAN SERVICING PROVIDERS
Credit unions want to offer their members exceptional lending services. That’s tough to do when member expectations rise every year. As more lending technology and lending options become available, credit union members expect a lot from their local branches.
