Lenders face numerous credit risk management challenges. One big challenge is assessing borrowers’ creditworthiness accurately, which requires understanding their financial…
BANKING FRAUD DETECTION & PREVENTION: TIPS FOR LENDERS
The ease of committing fraud using online resources has made banking fraud detection necessary for loan origination.
12 LOAN ORIGINATION KPIS & HOW TO MEASURE THEM
Loan origination KPIs (key performance indicators) are crucial metrics lenders use to assess the efficiency and effectiveness of their lending…
DIGITAL LENDING IN BANKING: A GUIDE
Digital lending in banking offers financial institutions several powerful benefits, including better decisions, improved customer service, and cost savings. Implementing…
HOW TO IMPROVE YOUR LENDING BUSINESS: 7 TIPS
Improving your loan portfolio is crucial to ensure a healthy and profitable lending business. As your loan portfolio represents a…
STREAMLINING LOAN SERVICING OPERATIONS: 7 KEY STEPS FOR SUCCESS
Loan servicing operations are a critical aspect of the financial industry, and in an ever-evolving landscape, lenders face the challenge…
HOW TO IMPROVE YOUR LOAN PORTFOLIO: 10 STRATEGIES FOR LENDERS
Improving your loan portfolio is crucial to ensure a healthy and profitable lending business. As your loan portfolio represents a…
LEASE OR LOAN OUTSOURCING: 5 BENEFITS FOR LENDERS
In today’s evolving lending landscape, lenders encounter numerous challenges, including regulatory burdens, operational costs, resource constraints, scalability and flexibility needs,…
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…
5 LOAN SERVICING CHALLENGES IN THE MODERN MARKET 2023
Consumer finance companies have witnessed a significant shift towards end-to-end lending solutions, particularly accelerated by the COVID-19 pandemic. While the…
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…
