As you begin the process of evaluating lease management service providers, use this concise list of attributes and capabilities to assess their qualifications.
AUTO LEASE SERVICING PROVIDER MUST-HAVES
With leases being a significant portion of the new vehicle market, dealers and lenders are looking for the most efficient ways to manage lease services. Many have reached the conclusion that an auto lease servicing provider is best suited to handle post-funding lease management.
CHOOSING A VEHICLE LEASE MANAGEMENT SERVICE PROVIDER
As you begin the process of evaluating lease management service providers, use this concise list of attributes and capabilities to assess their qualifications.
AUTO LOAN DELINQUENCY STATISTICS 2020
Despite an economy that continues to roll along and a stock market setting new records, several factors are contributing to delinquencies in the subprime market and to auto loan balances now 90+ days delinquent.
LOAN MANAGEMENT SOFTWARE TRENDS FOR 2020
The big loan management software trends for 2020 focus on achieving two major goals: Reducing risk and identifying new lending opportunities. The ability to use data to support both goals needs will determine lending success in the new year and beyond.
ANALYTICS-BASED LENDING AND PORTFOLIO RISK MITIGATION
Analytics-based lending helps improves the speed and quality of lending decisions while simultaneously reducing risk. Two developments in lending technology offer compelling reasons for adopting an analytics-based lending strategy.
INTEGRATED BANKING FRAUD DETECTION SOFTWARE
With seismic enhancements in fraud detection software, banks can now catch fraudsters quicker while improving the flow of non-fraud borrowers. We’ve detailed the reasons why financial institutions should upgrade, along with eight fraud detection software must-haves for your organization.
LENDING FRAUD ANALYSIS: HOW THE PROS DO IT
One recent lending fraud analysis estimated that one in 123 mortgage applications, or 0.81% of all applications, contained indications of fraud during Q2 2019, compared with one in 109, or 0.91% in Q2 2018.
PHANTOM AUTO LOANS HAUNTING YOU? MIGHT BE YOUR SOFTWARE
Phantom auto loans are a sophisticated scheme to defraud banks, credit unions, and fincos. No car is ever sold. Often, no actual dealership is involved. Fraudsters have cooperated to fabricate seemingly legitimate auto loans that have already robbed lenders of many millions of dollars.
DIGITAL LENDING TECHNOLOGY BENEFITS FOR LENDERS
Anyone who orders from Amazon regularly understands the advantages of a completely digital process. Order in seconds. Delivery in 2 days or less. Similar improvements are being made in lending.
LOAN DOWN PAYMENT FRAUD DETECTION
Down Payment Fraud Detection Key Points:
1) Loan fraud is on the rise with false identities as a leading scheme
2) Substantial down payments help disguise a fraudulent loan application
3) Lenders need to employ fraud analytics to identify and decline fraudulent loan applications
ALTERNATIVE CREDIT DATA: MANAGING PORTFOLIO RISK
Lenders have long relied heavily on scores from the big three credit bureaus. However, the bureaus have recognized that alternative credit data improves lending decision quality and reveals new lending opportunities.
