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 TO IMPROVE LENDING AND OPERATIONAL EFFICIENCY IN THE BANKING SECTOR
Though there was an uptick last year after a dramatic fall in 2020 due to the COVID pandemic, auto sales …
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 …
THE BEST BANKING FRAUD DETECTION FOR LENDERS
The ease of committing fraud using online resources has made banking fraud detection necessary for loan origination.
HOW THE BEST LENDERS SPOT STRAW BUYER RED FLAGS
What are the straw buyer red flags that lenders can use to identify fraud and prevent it from hurting portfolio performance? Any one or more of these characteristics are often the most obvious indicators of straw buyer fraud.
EMPLOYMENT VERIFICATION FRAUD IN AUTO LOAN APPLICATIONS
It’s the last day of the month at an auto dealer. While the dealer’s numbers are good, they would like …
HOW NEW LENDING TECHNOLOGY IS RESHAPING THE LOAN ORIGINATION PROCESS
When any new technology becomes available, there are always advocates and detractors of its use. While innovative lending technology offers …
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. …
