Nowadays, digital lending isn’t just an option, it’s a necessity for financial institutions trying to stand out. By providing convenience, …
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 APPLICATION UNDERWRITING PROCESS IMPROVEMENT IDEAS FOR LENDERS
Lenders should prioritize improving their loan application underwriting process for several compelling reasons. First and foremost, it is crucial for …
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 …
CREDIT RISK MANAGEMENT CHALLENGES & HOW TO OVERCOME THEM
Lenders face numerous credit risk management challenges. One big challenge is assessing borrowers’ creditworthiness accurately, which requires understanding their financial …
LOAN ORIGINATION & RISK MANAGEMENT: WHAT LENDERS NEED TO KNOW
The ease of committing fraud using online resources has made banking fraud detection necessary for loan origination.
BANKING FRAUD DETECTION & PREVENTION: TIPS FOR LENDERS
The ease of committing fraud using online resources has made banking fraud detection necessary for loan origination.
HOW TO RESPOND TO CAR LOAN DELINQUENCY RATES IN 2023
Car loan delinquency rates are rising, surpassing levels last seen during the Great Recession of 2008-09. Account delinquency rates of …
12 LOAN ORIGINATION KPIS & HOW TO MEASURE THEM
Loan origination KPIs (key performance indicators) are crucial metrics lenders use to assess the efficiency and effectiveness of their lending …
LOAN UNDERWRITING AUTOMATION: 10 BENEFITS
Loan underwriting automation offers many benefits to businesses in the lending industry. It helps expedite the loan approval process, so …
