The economic shutdown that occurred in early 2020 in the US due to the coronavirus pandemic reduced sales of new …
WHY COMMUNITY BANKS ARE OUTSOURCING LOAN SERVICING
In our work with community banks, many have voiced the need for greater efficiency in handling high-volume, repetitive loan servicing processes. We’ve identified three compelling reasons why community banks are outsourcing loan servicing.
HOW AUTO LOAN SERVICING OUTSOURCING CAN BE MORE COST-EFFECTIVE
In-house processing was once one of the few effective options for banks, credit unions, and other lenders to manage their …
HOW DIGITAL LENDING IMPROVES THE CUSTOMER JOURNEY FOR BANKS
Bank services and processes have been largely digitized. These days, it’s not even necessary for a bank’s customers to visit …
INCOME MISREPRESENTATION AND AUTO LOAN APPLICATION FRAUD
Countless auto loan applications are processed monthly. With today’s technology, some lending decisions are near-instantaneous, either automatically approving or declining. …
AUTO LOAN RISK MANAGEMENT FOR YOUR PORTFOLIO
With auto sales down from last year and interest rates rising, lenders are looking for the best available options to …
HOW TO MAXIMIZE DELINQUENT ACCOUNT RECOVERY
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.
CANADIAN AUTO LENDING MARKET TRENDS
The Transunion Q1 2022 Industry Insights Report describes a return to pre-pandemic levels for the credit sector, with credit activity …
REVITALIZING YOUR END-TO-END LOAN SERVICE MANAGEMENT APPROACH TO AUTO LENDING
When the seventh annual Powersports Finance Summit takes place in October 2022, it will feature presentations, panels, and discussions regarding …
HOW THE END-TO-END LOAN SERVICE MODEL IS CHANGING FOR AUTO LENDERS
The auto financing industry is transitioning to meet the demands of its customers yet again. In the last few decades, …
END-TO-END LOAN SERVICE DEPLOYMENT IN LARGE-SCALE CLOUD INFRASTRUCTURE SIMPLIFIED
Data silos occur when one group within an organization makes its data difficult to access by others within the organization. …
ELECTRIC VEHICLE LENDING VS. GAS: WHAT TO KNOW AND WHY IT’S IMPORTANT
Sales of electric and hybrid light-duty vehicles in the United States nearly doubled between 2020 and 2021 to over 600 …
