According to the Mortgage Bankers Association, mortgage delinquencies increased for all loans in 2024 compared to 2023. The delinquency rate …
HOW TO RESPOND TO CAR LOAN DELINQUENCY RATES IN 2025
Car loan delinquency rates are rising. Account delinquency rates of auto loans 60+ days past due (DPD) rose six basis …
AUTO FINANCE INDUSTRY CHALLENGES & HOW TO OVERCOME THEM
Auto finance industry challenges are many, but lenders are taking steps to turn those challenges into opportunities. Lenders are adapting …
LOAN UNDERWRITING AUTOMATION: BENEFITS & BEST PRACTICES
Loan underwriting automation offers many benefits to businesses in the lending industry. It helps expedite the loan approval process so …
LOAN ORIGINATION REGULATIONS & RULES
U.S. loan origination regulations and rules are based on laws and industry standards designed to ensure transparency, fairness, and financial …
CREDIT UNION RISK MANAGEMENT STRATEGIES
Internal risks tied to credit and compliance are far easier to manage thanks to advancements in loan origination solutions. Let’s take a quick look at how innovative capabilities help credit unions reduce credit risk while helping them comply with an increasing number of regulations.
CREDIT RISK MITIGATION TOOLS: THE LATEST INNOVATIONS FOR LENDERS
All lenders seek to reduce credit risk within their portfolios. While some still use manual risk assessment tools, portfolio management …
EMPLOYMENT VERIFICATION FRAUD IN AUTO LOAN APPLICATIONS
It’s the last day of the month at an auto dealer. While the dealer’s numbers are good, they want one …
HOW THE BEST LENDERS SPOT STRAW BUYER RED FLAGS
Most lenders encounter straw buyers at some point but only realize it once a loan defaults without a single payment. …
LOAN APPLICATION FRAUD DETECTION BEST PRACTICES
Loan application fraud is becoming a significant problem for banks and lenders, jeopardizing financial stability and customer trust. For example, …
