Below you'll find a list of all posts that have been categorized as “defi INSIGHT”
Delinquent account recovery is a serious financial drain for lenders. Mailing out late statements and hiring staff to call debtors daily is an incredibly expensive process. In some cases, lenders may spend more on account recovery than they’ll get from their borrowers after they pay off the outstanding balance.
Auto loan compliance is the line between protecting your institution and exposing it to serious risks. Regulatory fines for data …
In the past, in-house processing was the default strategy for managing auto loan servicing. But the modern lending environment demands …
Today’s lending market looks very different than it did even just a handful of years ago. More customers are checking auto prices and lending rates online to find the financing companies that offer the best deals. The result: An ultra-transparent and aggressively competitive market.
Technology has redefined lending. Modern digital lending platforms allow financial institutions of every size the ability to move faster, cut …
Passed in 1968, the Truth in Lending Act encourages accuracy among consumer lenders by requiring they disclose certain terms when offering a loan. Modern lending platforms can support an auto lender’s compliance with this act and associated regulations.
Information technology (IT) has transformed the way modern lending works. Fincos, banks, and credit unions have access to more lending solutions than ever thanks to the latest advances in technology. From cloud-based loan origination software (LOS) to predictive data analytics, you can do more when you invest in modern lending systems.
The auto lending process typically spans multiple stages: application intake, document collection, credit decisioning, funding, and servicing. Each step involves …
In Q1 2025, total household debt in the U.S. rose by $167 billion—a 0.9% increase from the previous quarter—bringing the …
The loan origination process is often the first real test of a lender’s relationship with a customer. A clear, responsive, …
If you can’t remember when your current auto lending platform was originally implemented, it’s probably time to consider an upgrade. Technological improvements in recent years deliver functionality that dramatically improves loan origination efficiency, lowers overall processing costs, and supports well-informed lending decisions.
Loan management has advanced significantly in the last five years. It used to involve juggling spreadsheets, printing statements, mailing notices, …
