The loan management process is a critical stage that begins once an applicant is approved and the lender successfully funds …
TOP LENDING TECHNOLOGY TRENDS FOR 2023 & BEYOND
The consumer lending sector has largely recovered from the pandemic, though COVID made a significant mark on the technology lenders …
LOAN PIPELINE MANAGEMENT EXPLAINED
In essence, a loan pipeline is simply a sales pipeline that pushes loans through pre-qualification to loan funding. Like sales …
IMPLEMENTATION CASE STUDY: ENTERPRISE BANK
A top 50 publicly traded U.S. enterprise bank with more than $30 billion in assets decided to enter the indirect …
INNOVATION IN AUTO LENDING: KEY CONSIDERATIONS
Technological innovation in auto lending has greatly enhanced customer experience in the sector. While many auto lenders have already automated their originations process, the servicing side often gets overlooked.
THE ADVANTAGES OF AN AUTOMATED LOAN PROCESSING SYSTEM
Automated loan processing systems deliver a better customer experience. Want better quality lending decisions and analytics for continuous improvement? Read on.
THE ONLY AUTO LOAN ORIGINATION SOFTWARE YOU WILL EVER NEED
Lenders who use a modern, cloud-based software solution have an advantage over competitors still using traditional paper processes or even legacy systems when it comes to auto loan originations.
TRUTH IN LENDING ACT FOR AUTO LOANS – EFFECTS ON LENDERS
Passed in 1968, the Truth in Lending Act encourages accuracy among consumer lenders by requiring they disclose certain terms when offering a loan. Modern lending platforms can support an auto lender’s compliance with this act and associated regulations.
LENDING SOLUTION IT SPENDING: SETTING PRIORITIES
Information technology (IT) has transformed the way modern lending works. Fincos, banks, and credit unions have access to more lending solutions than ever thanks to the latest advances in technology. From cloud-based loan origination software (LOS) to predictive data analytics, you can do more when you invest in modern lending systems.
DIGITAL LENDING BUSINESS MODELS THAT DRIVE SUCCESS
As a rule, new technology makes business practices more efficient. For example, look at how technology made crossing the Atlantic …
AUTO FINANCE INDUSTRY TRENDS 2023
Today’s lending market looks very different than it did even just a handful of years ago. More customers are checking auto prices and lending rates online to find the financing companies that offer the best deals. The result: An ultra-transparent and aggressively competitive market.
INDIRECT AUTO LENDING TRENDS IN 2023
The economic shutdown that occurred in early 2020 in the US due to the coronavirus pandemic reduced sales of new …
