Lenders are increasingly using digital loan origination systems (LOS). According to a recent survey of lenders, around three-quarters use digital …
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 …
WHICH ALTERNATIVE CREDIT SCORE COMPANIES ARE BEST? A QUICK GUIDE FOR LENDERS
Alternative credit score companies provide a more complete picture of applicants
CONSUMER LENDING PROCESS: 12 IMPROVEMENT IDEAS FOR LENDERS
Borrowers in the consumer lending process often face challenges, including complex application procedures, lengthy approval times, and a lack of …
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 …
LEASE ORIGINATION: THE BASICS CAN BE EVEN EASIER WITH THE RIGHT SOFTWARE
To take full advantage of emerging opportunities, lenders need software that provides the user experience that today’s consumers expect and …
TOP CONSUMER LENDING TRENDS FOR 2024 & BEYOND
In the face of continued high interest rates, consumer lending is being transformed by several fast moving trends. Digital lending …
THE IMPACT OF TECHNOLOGY ON DIRECT LENDING
Technology has significantly impacted direct lending, transforming how lenders operate and serve borrowers. Direct lending refers to the process where …
10 LOAN ORIGINATION TRENDS TO WATCH IN 2024
The loan origination market is experiencing growth, driven by factors like the increasing adoption of digital loan processing tools and …
CONSUMER LENDING CHALLENGES & SOLUTIONS
Lenders face several significant consumer lending challenges in 2024, including credit risk mitigation, fraud detection, and regulatory compliance. In addition, …
HOW CONSUMER LENDING TECHNOLOGY IS CHANGING THE FUTURE OF LENDING
Consumer lending technology is revolutionizing the future of lending by leveraging tools such as automation, cloud computing, and mobile apps. …
HOW TO IMPROVE CONSUMER LENDING EXPERIENCE IN 2024
Current trends in the consumer lending experience are driven by digital transformation, personalization, and customer service. The shift towards online …
