The consumer asset finance process refers to lenders that offer financing to individuals for purchasing various kinds of assets, including …
4 LOAN SERVICING TRENDS TO WATCH IN 2023 AND BEYOND
Loan servicing is a crucial aspect of the financial industry that involves managing and administering loans on behalf of lenders. …
LEASE OR LOAN OUTSOURCING: 5 BENEFITS FOR LENDERS
In today’s evolving lending landscape, lenders encounter numerous challenges, including regulatory burdens, operational costs, resource constraints, scalability and flexibility needs, …
3 CREDIT UNION TECHNOLOGY CHALLENGES
Some of the top credit union technology challenges right now are: Lack of agility in deploying IT resources and services to meet dynamic processing demands associated with business cycles; inability to rapidly implement new applications or modify existing applications to meet evolving market needs; and obtaining maximum value from the growing volumes of data generated by transactions and customer interactions.
AUTO LOAN SERVICING FOR CREDIT UNION PORTFOLIOS
When you hire a third-party loan servicing company to go through each of these steps with you, your credit union will enjoy many benefits, including better portfolio performance. If you want to manage assets more effectively, consider hiring an auto loan servicing expert.
5 LOAN SERVICING CHALLENGES IN THE MODERN MARKET 2023
Consumer finance companies have witnessed a significant shift towards end-to-end lending solutions, particularly accelerated by the COVID-19 pandemic. While the …
TOP LENDING TECHNOLOGY TRENDS FOR 2023 & BEYOND
The consumer lending sector has largely recovered from the pandemic, though COVID made a significant mark on the technology lenders …
LOAN PIPELINE MANAGEMENT EXPLAINED
In essence, a loan pipeline is simply a sales pipeline that pushes loans through pre-qualification to loan funding. Like sales …
UNDERSTANDING DISPARATE IMPACT IN LENDING
Most lenders are well-versed on what discrimination looks like and how to prevent blatant forms of it from occurring within …
ESSENTIAL MANAGED SERVICES: FINANCE AUTO LOANS THE EASY WAY
Outsourcing has become essential in just about every industry, and the auto finance sector is no exception. Managed services provides …
