Banks and credit unions face economic uncertainty, evolving regulatory requirements, and technological disruptions in their credit operations. Credit risk assessment …
ASSET FINANCE PROCESS IMPROVEMENT FOR BANKS & CREDIT UNIONS
The consumer asset finance process refers to lenders that offer financing to individuals for purchasing various kinds of assets, including …
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 …
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 …
CREDIT UNION SOFTWARE FOR AUTO LOANS: THE ADVANTAGES OF COVERING THE LOCAL MARKET
Updated on 7/13/23 Credit unions possess unique advantages in the financial landscape, particularly within their local markets. These advantages include …
LOAN ORIGINATION BEST PRACTICES FOR CREDIT UNIONS & BANKS
Loan origination best practices benefit both consumers and lenders. To implement loan origination best practices, you must ensure your lending …
