Lending risk analysis is more important than ever, with lenders walking a fine line between accepting new lease or loan …
HOW ADVANCED CREDIT RISK MANAGEMENT TECHNOLOGY BOOSTS APPROVAL RATES
Regardless of economic climate, risk management remains an important factor for lenders to consider during the approval process. Its importance …
HOW NO-CONTACT LOAN OR LEASE ORIGINATIONS CAN HELP GROW YOUR PORTFOLIO
If you’ve ever considered the importance of mobile lending technologies but haven’t acted on it, recent events should be moving …
ACCELERATE THE CAR-BUYING JOURNEY WITH LOAN OR LEASE ORIGINATION
In a world where the car-buying journey has become increasingly digital, lenders and dealers must adapt to attract motivated buyers …
AUTO FINANCING ONLINE: 5 CAPABILITIES YOUR SOFTWARE SOLUTIONS SHOULD PROVIDE
The ability to handle auto financing online is one of the past decade’s greatest innovations for lenders. Gone are the …
WHY AUTO LOAN ONLINE APPLICATIONS HAVE NEVER BEEN MORE IMPORTANT
Over the past decade, an increasing number of buyers have turned to online resources to shop for vehicles. Though not …
WHICH ALTERNATIVE CREDIT SCORE COMPANIES ARE BEST?
The best LOS systems calculate alternative credit scores for each loan type offered. To start collecting alternative credit data on your own applicants, you’ll need to work with an LOS vendor that understands the importance of alternative credit data and has experience building reliable scoring systems.
HOW TO SELECT THE BEST COMMERCIAL LENDING SOFTWARE VENDORS
According to the American Bankers Association, only half of large banks and 38% of small banks currently use an online or digital loan origination channel. Commercial lending software makes it easy to quickly calculate loan periods, track collateral, and estimate cash flow.
LOAN ANALYTICS SOFTWARE FOR THE BANKING INDUSTRY
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.
WHICH LOAN ORIGINATION SYSTEM SOFTWARE IS BEST FOR YOUR ORGANIZATION?
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.
