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 …
12 INNOVATIVE IDEAS FOR CREDIT UNIONS
Credit unions are facing various challenges, including rapid digital transformation, increased competition, and evolving consumer expectations. They are seeing growing …
CREDIT UNION LENDING SYSTEMS: A SELECTION GUIDE
The sustained economic growth of recent months and an optimistic outlook presents credit unions with an opportunity and a challenge. There’s an opportunity to deliver additional financial services to new and existing members who want to leverage their improving financial standing.
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 take a quick look at how innovative capabilities help credit unions reduce credit risk while helping them comply with an increasing number of regulations.
LOAN APPLICATION UNDERWRITING PROCESS IMPROVEMENT IDEAS FOR LENDERS
Lenders can improve their loan application underwriting process by investing in automation and data analytics to quickly analyze financial history, …
TOP DIGITAL LENDING SOFTWARE FEATURES
According to a recent survey from Cox Automotive, 71% of consumers plan to adopt an omnichannel approach for their next …
10 WAYS TO STREAMLINE DIGITAL LOAN ORIGINATION PROCESS
The digital loan origination process is evolving with trends like the increased use of automated underwriting, e-signatures, digital contracts, chatbots, …
DIGITAL LOAN ORIGINATION SYSTEM MUST-HAVES FOR 2024 & BEYOND
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 …
