Digital lending in banking offers financial institutions several powerful benefits, including better decisions, improved customer service, and cost savings. Implementing …
HOW TO IMPROVE YOUR LENDING BUSINESS: 7 TIPS
Improving your loan portfolio is crucial to ensure a healthy and profitable lending business. As your loan portfolio represents a …
HOW TO IMPROVE YOUR LOAN PORTFOLIO: 10 STRATEGIES FOR LENDERS
Improving your loan portfolio is crucial to ensure a healthy and profitable lending business. As your loan portfolio represents a …
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.
CLOUD-BASED LOAN ORIGINATION: PROS AND CONS
Loan originations play a crucial role in the lending process, requiring financial institutions to strike a balance between processing applications …
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 …
LOAN MANAGEMENT PROCESS: STEP-BY-STEP GUIDE
The loan management process is a critical stage that begins once an applicant is approved and the lender successfully funds …
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 …
7 CREDIT UNION TECHNOLOGY TRENDS FOR 2023
Competition is getting tougher in the lending industry, and credit unions aren’t insulated from such difficulties. Rising interest rates and …
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 …
