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.
LOAN ORIGINATION PROCESS EXPLAINED (AND HOW TO IMPROVE EFFICIENCY)
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.
DIGITAL ORIGINATION SOLUTIONS – SPEED UP YOUR APPROVAL PROCESS
Information technology (IT) has transformed all aspects of the lending sector, streamlining processes to benefit both lenders and borrowers. Banks, credit unions, and other lending institutions can now offer their customers additional services while making their operations more efficient.
INDIRECT AUTO LENDING TRENDS IN 2023
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 …
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 …
AUTO LENDER WITH UNIQUE MARKET FOCUS THRIVES IN AN ECONOMIC DOWNTURN
The year 2020 was challenging for nearly every industry, and the automotive industry was no exception. Disrupted supply chains, assembly …
AN OUTSOURCED LOAN SERVICING (BPO) TRANSITION CHECKLIST OF BEST PRACTICES TO EFFECTIVELY MANAGE A BPO CHANGE
Managed servicing (outsourced lease or loan servicing) isn’t just a case of “out of sight, out of mind.” While auto …
ESSENTIAL SERVICES OF A MANAGED SERVICING BPO BUSINESS PARTNER THAT AUTO LENDERS SHOULD CONSIDER
Many auto lenders wanting to improve the efficiency of business processes and reduce operational costs seek out a managed servicing …
