Below you'll find a list of all posts that have been categorized as “defi INSIGHT”
Following a loan servicing compliance guide and relying on experts to guide you can help protect your credit union members. Just remember that you still have to go through the process of researching specific regulations for your state and industry to remain compliant.
Following a loan servicing compliance guide and relying on experts to guide you can help protect your credit union members. Just remember that you still have to go through the process of researching specific regulations for your state and industry to remain compliant.
Credit unions are facing various challenges, including rapid digital transformation, increased competition, and evolving consumer expectations. They are seeing growing …
The sustained economic growth of recent months and an optimistic outlook presents credit unions with an opportunity and a challenge. There’s an opportunity to deliver additional financial services to new and existing members who want to leverage their improving financial standing.
Internal risks tied to credit and compliance are far easier to manage thanks to advancements in loan origination solutions. Let’s take a quick look at how innovative capabilities help credit unions reduce credit risk while helping them comply with an increasing number of regulations.
Lenders can improve their loan application underwriting process by investing in automation and data analytics to quickly analyze financial history, …
According to a recent survey from Cox Automotive, 71% of consumers plan to adopt an omnichannel approach for their next …
The digital loan origination process is evolving with trends like the increased use of automated underwriting, e-signatures, digital contracts, chatbots, …
Lenders are increasingly using digital loan origination systems (LOS). According to a recent survey of lenders, around three-quarters use digital …
All lenders seek to reduce credit risk within their portfolios. While some still use manual risk assessment tools, portfolio management …
Alternative credit score companies provide a more complete picture of applicants
Borrowers in the consumer lending process often face challenges, including complex application procedures, lengthy approval times, and a lack of …
