To increase efficiency, reduce costs, and meet borrower expectations, lenders should implement strategies for loan application process improvement. By leveraging…
HOW TO IMPROVE UNDERWRITING RISK ASSESSMENT
According to the Mortgage Bankers Association, mortgage delinquencies increased for all loans in 2024 compared to 2023. The delinquency rate…
ELECTRIC VEHICLE LENDING: 2025 GUIDE FOR LENDERS
The market for electric vehicles (EVs) is at an all-time high. According to market research firm Rho Motion, worldwide EV…
LOAN ORIGINATION AND AI: HOW AI IS CHANGING LENDING
Artificial intelligence (AI) is revolutionizing financial services by improving efficiency, accuracy, and personalization. AI allows financial institutions to mitigate risks…
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 UNDERWRITING AUTOMATION: BENEFITS & BEST PRACTICES
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….
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…
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…
