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…
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…
RESHAPE LOAN ORIGINATION PROCESS WITH NEW LENDING TECHNOLOGY
Updated on 2/26/24 By leveraging modern technology, financial institutions can make daily interactions with their customers frictionless and effortless. Technology…
CREDIT UNDERWRITING FRAMEWORK: KEY COMPONENTS TO CONSIDER
A well-defined credit underwriting framework is essential for responsible lending and risk management. To meet the challenges of an ever-changing…
LOAN STACKING: 8 FRAUD PREVENTION STRATEGIES
Loan applications are often sent to multiple lenders simultaneously. The action is called loan stacking, and it can help address…
LOAN PORTFOLIO RISK ASSESSMENT: A GUIDE FOR LENDERS
Lenders face an uncertain financial market in a constantly changing global economy. To negotiate this dynamic milieu, lenders need to…
HOW TO PREVENT LOAN DELINQUENCY: 10 STRATEGIES FOR LENDERS
Auto loan delinquency rates have reached their highest levels since the 2008 recession, according to a report by S&P and…
HOW TO DETECT FRAUD IN BANKING
Banking fraud is on the rise. In fact, 35% of banking customers recently surveyed by J.D. Power reported experiencing at…
10 CREDIT RISK MANAGEMENT STRATEGIES
Credit risk management is paramount for lenders as it directly impacts their financial stability and long-term success. It helps lenders…
