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 …
LENDING RISK ANALYSIS: KEY CONSIDERATIONS
High inflation, rising interest rates, increasing consumer debt, supply chain issues, and the most significant conflict in Europe since World …
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 …
HOW TO SELECT THE BEST LOAN SOFTWARE FOR CREDIT UNIONS
Credit unions are gaining market share in the US auto lending sector, according to a December 2021 article published in …
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 …
