Loan servicing is a crucial aspect of the financial industry that involves managing and administering loans on behalf of lenders. …
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 …
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 …
LEASE OR LOAN OUTSOURCING: 5 BENEFITS FOR LENDERS
In today’s evolving lending landscape, lenders encounter numerous challenges, including regulatory burdens, operational costs, resource constraints, scalability and flexibility needs, …
AUTO LOAN SERVICING FOR CREDIT UNION PORTFOLIOS
When you hire a third-party loan servicing company to go through each of these steps with you, your credit union will enjoy many benefits, including better portfolio performance. If you want to manage assets more effectively, consider hiring an auto loan servicing expert.
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 …
LOAN MANAGEMENT PROCESS: STEP-BY-STEP GUIDE
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 …
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.
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 significance early in the lending process, the introduction of technology often starts with loan origination.
