Harnessing machine learning models for loan approval prediction is on the cutting edge of lending technology. These models can learn…
LOAN STACKING: 8 FRAUD PREVENTION STRATEGIES
Loan applications are often sent to multiple lenders simultaneously. The action is called loan stacking, and it can help address…
COMMUNITY BANK TECHNOLOGY TRENDS FOR 2024
Community banks are unlike any other financial institution. They truly understand the individual needs of small businesses and the community…
LOAN PORTFOLIO RISK ASSESSMENT: A GUIDE FOR LENDERS
Lenders face an uncertain financial market in a constantly changing global economy. To negotiate this dynamic milieu, lenders need to…
CREDIT OPERATIONS IMPROVEMENT IDEAS FOR BANKS & CREDIT UNIONS
Banks and credit unions face economic uncertainty, evolving regulatory requirements, and technological disruptions in their credit operations. Credit risk assessment…
HOW TO PREVENT LOAN DELINQUENCY: 10 STRATEGIES FOR LENDERS
Auto loan delinquency rates have reached their highest levels since the 2008 recession, according to a report by S&P and…
10 STRATEGIES TO IMPROVE THE BORROWER EXPERIENCE
To enhance the borrower experience, lenders can use a variety of strategies. One strategy is to use technology to automate…
DIGITAL LENDING EXPERIENCE IMPROVEMENT IDEAS
Nowadays, digital lending isn’t just an option, it’s a necessity for financial institutions trying to stand out. By providing convenience,…
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…
BANKING FRAUD DETECTION & PREVENTION: TIPS FOR LENDERS
The ease of committing fraud using online resources has made banking fraud detection necessary for loan origination.
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…
