loan analytics software

LOAN ANALYTICS SOFTWARE FOR THE BANKING INDUSTRY

The defi Team defi INSIGHT, defi LOS

Big data has transformed businesses in every industry. Banks now use data acquired from nearly every step of the loan origination process. The reward: Detailed insight that can be applied to continuously improve lending efficiency and profitability.

business process automation companies

WHICH LOAN ORIGINATION SYSTEM SOFTWARE IS BEST FOR YOUR ORGANIZATION?

The defi Team defi INSIGHT, defi LOS

It’s an exciting time to be in the lending industry. Major technological advances in loan origination system software have made it easier than ever to process loan applications and automate decisioning. Computers are now doing most of the tedious work, saving organizations hours of potentially wasted time and countless resources.

down payment fraud detection

THE PROS AND CONS OF SELECTING LOAN ORIGINATION SYSTEM VENDORS BASED ON MARKET SHARE

The defi Team defi INSIGHT, defi LOS

Lenders looking for an LOS often start by checking loan origination system market share. That can reveal industry leaders and niche players. You’ll get a high-level overview of software functionality and capabilities, and you might get some insight into each vendor’s market strategy and focus. It’s not a bad approach, but it does have some pros and cons.

business process automation companies

4 MUST-HAVE LOAN ORIGINATION SYSTEM FEATURES FOR COMPETITIVE LENDERS

The defi Team defi INSIGHT, defi LOS

The lending industry is evolving. Quickly.

Innovative new loan origination system (LOS) features are helping lenders stay ahead, even in competitive industries like auto and real estate lending. Sophisticated technology takes the guesswork out of the loan structuring process, so lenders can make better decisions and assess risk accurately.

down payment fraud detection

USED VEHICLE VALUATION TIRE-KICKING RULE # 1: DON’T GUESS

The defi Team defi INSIGHT, defi LOS

It’s impossible to tell precisely how much a used vehicle is worth without detailed historical data. You can kick the tires or take a peek under the hood, but this only gives you a small fraction of the information you need. For instance, it doesn’t tell you how many people have owned the vehicle or whether the airbags have ever been deployed. These factors can significantly impact a used vehicle valuation.

lending software

LENDING SOFTWARE: HOW IT HELPS IN A RECESSION

The defi Team defi INSIGHT, defi LOS, Thought Leadership

As of this writing, there’s no pending recession, though there’s frequent speculation of a downturn, perhaps in 2020. When that downturn eventually arrives, competition for lending will be intense. Lenders will have to employ every method to minimize lending risk and operational costs. Regardless of the type of your business—bank, credit union, or finco, the biggest factor in maintaining profitability during a recession is likely to be your lending software.

lending risk

THE BENEFITS OF CREDIT RISK MANAGEMENT AUTOMATION FOR LENDERS

The defi Team Automation, defi INSIGHT, defi LOS

For many lenders, credit risk management depends on years of experience. Their credit risk expertise is a mix of shrewd loan portfolio analysis and an innate intuition about borrower risk. While that may have worked in the past, credit risk management is shifting from human judgment to automated, data-driven lending decisions that assess credit risk far more accurately.