The vehicle leasing market is shifting into high gear. Globally, it’s projected to grow from $596.4 billion in 2025 to…
HOW TO SELECT THE BEST LOAN SOFTWARE FOR CREDIT UNIONS
Credit union lending is on the rise. In Q1 2025, total loan balances reached $1.65 trillion—a 3.3% year-over-year increase across…
5 LOAN SERVICING TRENDS TO WATCH IN 2025 & BEYOND
Loan servicing is a crucial aspect of the financial industry that involves managing and administering loans on behalf of lenders….
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…
5 LOAN SERVICING CHALLENGES IN THE MODERN MARKET 2023
Consumer finance companies have witnessed a significant shift towards end-to-end lending solutions, particularly accelerated by the COVID-19 pandemic. While the…
5 LOAN SERVICING KPIS LENDERS SHOULD KNOW & TRACK
Lenders heavily rely on borrowers’ willingness and ability to repay loans in order to generate profits. To assess these factors…
ESSENTIAL MANAGED SERVICES: FINANCE AUTO LOANS THE EASY WAY
Outsourcing has become essential in just about every industry, and the auto finance sector is no exception. Managed services provides…
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…
CAR LOAN MANAGEMENT SYSTEM (LMS) FOR LENDERS
Businesses are always looking to make their operations more efficient, and it’s no different for consumer lenders. Because of its…
WHY COMMUNITY BANKS ARE OUTSOURCING LOAN SERVICING
In our work with community banks, many have voiced the need for greater efficiency in handling high-volume, repetitive loan servicing…
IMPLEMENTING AN END-TO-END LOAN ORIGINATION & SERVICING PROCESS FOR SMOOTH WORKFLOWS
The news is good—auto lending delinquency rates are down to their lowest point, holding steady at roughly 1.51% between 2021…
HOW OUTSOURCING ACCOUNTS RECEIVABLE AND COLLECTIONS IS ADVANTAGEOUS FOR AUTO LENDERS
Unlike loan originations which has a relatively short start to finish cycle and uses automation extensively to bring consistency and…
