Auto lending risk behavior has shifted dramatically in recent years; borrower payment patterns fluctuate more quickly, collateral values depreciate more…
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…
RESHAPE LOAN ORIGINATION PROCESS WITH NEW LENDING TECHNOLOGY
Updated on 2/26/24 By leveraging modern technology, financial institutions can make daily interactions with their customers frictionless and effortless. Technology…
CREDIT UNDERWRITING FRAMEWORK: KEY COMPONENTS TO CONSIDER
A well-defined credit underwriting framework is essential for responsible lending and risk management. To meet the challenges of an ever-changing…
CREDIT UNDERWRITING USING AI: WHAT TO EXPECT
In the financial industry, lenders use credit underwriting to assess the creditworthiness of borrowers. Advances in artificial intelligence (AI) make…
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 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…
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…
STREAMLINING LOAN SERVICING OPERATIONS: 7 KEY STEPS FOR SUCCESS
Loan servicing operations are a critical aspect of the financial industry, and in an ever-evolving landscape, lenders face the challenge…
WHY THE MANAGED SERVICING BPO VALUE PROPOSITION MATTERS MORE THAN EVER FOR AUTO LENDERS
A growing number of auto lenders are seriously evaluating managed servicing (business process outsourcing (BPO) services for lease and loan…
YOUR CALL CENTER OUTSOURCING COMPARISON GUIDE FOR FINCOS AND AUTO LENDERS
Many fincos and lenders who specialize in the auto industry have realized that the management of a call center is…
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