The economic shutdown that occurred in early 2020 in the US due to the coronavirus pandemic reduced sales of new …
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. …
WHICH ALTERNATIVE CREDIT SCORE COMPANIES ARE BEST?
Alternative credit scores are based on data that isn’t typically tracked by the three major bureaus, like income, utility and rate payments.
5 KEY FEATURES YOUR LOAN ORIGINATION PLATFORM MUST HAVE
Unprecedented technological advances in the last decade or so have driven efficiency in the auto industry. Design, prototyping, and manufacturing …
BUILDING A LOAN ORIGINATION SYSTEM USING SALESFORCE? READ THIS FIRST.
Salesforce has developed a lending solution built on its CRM platform. Financial services providers that have invested in Salesforce and want to start or improve lending will probably kick the tires on it. Let’s look at its pros and cons.
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 …
UNDERSTANDING ELECTRIC VEHICLE LENDING MARKET SHARE FORECAST FOR LENDERS’ GROWTH POTENTIAL
The quickly growing market for sustainable personal transportation is also driving more electric vehicle lending. According to a report by …
HOW LOAN ORIGINATION AUTOMATION TECHNOLOGY CAN IMPROVE AUTO LENDERS’ BOTTOM LINE
Automation has already made significant strides in the auto lending industry. But, lenders with outdated, stagnant loan origination systems are …
BUILD A LOAN ORIGINATION PROCESS FOR AUTO LENDING WITHOUT THE RISK
The ever-changing world of technology requires industry-leading auto lenders to evolve their loan origination systems (LOS) to maintain a competitive …
