Phantom auto loans are a sophisticated scheme to defraud banks, credit unions, and fincos. No car is ever sold. Often,…
DIGITAL LENDING TECHNOLOGY BENEFITS FOR LENDERS
Anyone who orders from Amazon regularly understands the advantages of a completely digital process. Order in seconds. Delivery in 2…
A CRYSTAL BALL FOR YOUR COLLECTIONS EFFORTS
by: Brandy Bissett When you think of predicting the future, you may envision some dimly lit, incense-infused tent at a…
LOAN DOWN PAYMENT FRAUD DETECTION
Down Payment Fraud Detection Key Points: 1) Loan fraud is on the rise with false identities as a leading scheme…
HOW TO HIRE THE BEST BUSINESS PROCESS AUTOMATION COMPANIES IN THE BANKING INDUSTRY
Business process automation (BPA) replaces inconsistently-executed manual activities with consistently-executed workflows and decisions. The result for financial services providers: Lower…
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…
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…
THE PROS AND CONS OF SELECTING LOS VENDORS BASED ON MARKET SHARE
Lenders looking for an LOS often start by checking loan origination system market share. That can reveal industry leaders and…
FINTECH DISRUPTION IN LENDING 2019
Mentioned in the context of a technology discussion, disruption invariably means innovation. The world of finance is undergoing disruption, and…
THE BENEFITS OF CREDIT RISK MANAGEMENT AUTOMATION FOR LENDERS
For many lenders, credit risk management depends on years of experience. Their credit risk expertise is a mix of shrewd…
HOW LOAN ORIGINATION BUSINESS RULES REV AUTO LENDING
Advancements in fintech are transforming loan origination into an increasingly-automated process. Loan applications are now often turned into booked loans…
HOW TO AUTOMATE AUTO LOAN STIPULATIONS TO IMPROVE LOAN PORTFOLIO
Automation is continually improving auto lending process efficiency, along with the quality and consistency of lending decisions. Replacing manual, mundane…
