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 …
HOW THE BEST LENDERS SPOT STRAW BUYER RED FLAGS
Most lenders encounter straw buyers at some point but only realize it once a loan defaults without a single payment. …
LOAN ORIGINATION LIFE CYCLE: HOW TO STREAMLINE IT BY GOING DIGITAL
Many dealers and lenders are on their digital lending journeys. For them, refining to best suit their unique end-to-end loan …
HOW TO IMPROVE YOUR LOAN ORIGINATION BUSINESS
Loan origination businesses face a myriad of challenges, including market volatility that can impact borrower demand and creditworthiness, affecting loan …
7 STRATEGIES TO BUILD YOUR AUTO LOAN PORTFOLIO
The current state of the auto loans and auto lending industry reflects a mix of opportunities and challenges. The sector …
CRITICAL POINTS IN THE END-TO-END LENDING PROCESS & HOW THEY ARE CHANGING
Today’s financial technology (fintech) has helped relieve lenders of manual financing processes, decreasing delays and eliminating human error. The finance …
10 LOAN ORIGINATION SYSTEM MODULES A MODERN LOS NEEDS
A modern loan origination system (LOS) is critical for financial institutions to manage the entire loan lifecycle efficiently and effectively. …
LOAN PRICING MODEL: KEY CONSIDERATIONS FOR LENDERS
Lenders’ main loan pricing models include cost-plus loan, price leadership, and risk-based pricing models. Each pricing model offers unique benefits …
AUTO LOAN ORIGINATION DATA: HOW TO USE IT TO DRIVE BETTER BUSINESS INSIGHTS
The Federal Reserve Bank of St. Louis recently noted that the consumer price index (CPI) for both new and used …
LOAN ORIGINATION SYSTEM (LOS) IMPLEMENTATION STEPS
A loan origination system (LOS) is a crucial tool for lenders because it streamlines and automates the entire loan application …
8 CREDIT UNDERWRITING STRATEGIES FOR LENDERS
Lenders are facing many credit underwriting challenges, such as the evolving landscape of borrower profiles and economic conditions. With alternative …
