As a proportion of US auto lending, credit unions now control the highest share of the overall market. According to …
HOW TO OPTIMIZE AUTO LOAN CUSTOMER JOURNEY W/ MANAGED SERVICING
It really should be a no-brainer to acknowledge that any positive experiences a customer has with a company will lead …
INNOVATION IN AUTO LENDING: KEY CONSIDERATIONS
Technological innovation in auto lending has greatly enhanced customer experience in the sector. While many auto lenders have already automated their originations process, the servicing side often gets overlooked.
CAR LOAN MANAGEMENT SYSTEM (LMS) FOR LENDERS
Businesses are always looking to make their operations more efficient, and it’s no different for consumer lenders. Because of its significance early in the lending process, the introduction of technology often starts with loan origination.
THE ADVANTAGES OF AN AUTOMATED LOAN PROCESSING SYSTEM
Automated loan processing systems deliver a better customer experience. Want better quality lending decisions and analytics for continuous improvement? Read on.
THE ONLY AUTO LOAN ORIGINATION SOFTWARE YOU WILL EVER NEED
Lenders who use a modern, cloud-based software solution have an advantage over competitors still using traditional paper processes or even legacy systems when it comes to auto loan originations.
TRUTH IN LENDING ACT FOR AUTO LOANS – EFFECTS ON LENDERS
Passed in 1968, the Truth in Lending Act encourages accuracy among consumer lenders by requiring they disclose certain terms when offering a loan. Modern lending platforms can support an auto lender’s compliance with this act and associated regulations.
EXCITING AUTO LENDING TRENDS TO KEEP AN EYE ON
The COVID-19 pandemic sent shock waves throughout the world’s economy, and these changes continue to drive the direction in which the auto lending industry is heading.
LENDING SOLUTION IT SPENDING: SETTING PRIORITIES
Information technology (IT) has transformed the way modern lending works. Fincos, banks, and credit unions have access to more lending solutions than ever thanks to the latest advances in technology. From cloud-based loan origination software (LOS) to predictive data analytics, you can do more when you invest in modern lending systems.
DIGITAL LENDING BUSINESS MODELS THAT DRIVE SUCCESS
As a rule, new technology makes business practices more efficient. For example, look at how technology made crossing the Atlantic …