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.
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 …
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 processes. We’ve identified three compelling reasons why community banks are outsourcing loan servicing.
HOW AUTO LOAN SERVICING OUTSOURCING CAN BE MORE COST-EFFECTIVE
In-house processing was once one of the few effective options for banks, credit unions, and other lenders to manage their …
HOW DIGITAL LENDING IMPROVES THE CUSTOMER JOURNEY FOR BANKS
Bank services and processes have been largely digitized. These days, it’s not even necessary for a bank’s customers to visit …
REVITALIZING YOUR END-TO-END LOAN SERVICE MANAGEMENT APPROACH TO AUTO LENDING
When the seventh annual Powersports Finance Summit takes place in October 2022, it will feature presentations, panels, and discussions regarding …
HOW THE END-TO-END LOAN SERVICE MODEL IS CHANGING FOR AUTO LENDERS
The auto financing industry is transitioning to meet the demands of its customers yet again. In the last few decades, …
END-TO-END LOAN SERVICE DEPLOYMENT IN LARGE-SCALE CLOUD INFRASTRUCTURE SIMPLIFIED
Data silos occur when one group within an organization makes its data difficult to access by others within the organization. …
HOW TO AUTOMATE AN END-TO-END LOAN LIFECYCLE FOR AUTO LENDERS
At each stage of an auto loan’s lifecycle, employing automation helps the process become more efficient, increases accuracy, and adds …
HOW LOAN ORIGINATION AUTOMATION TECHNOLOGY CAN IMPROVE AUTO LENDERS’ BOTTOM LINE
Automation has already made significant strides in the auto lending industry. But, lenders with outdated, stagnant loan origination systems are …
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 …
WHICH LOAN ORIGINATION AUTOMATION ACTIVITIES OFFER THE MOST OPERATIONAL VALUE?
Automation is not a new concept in the lending industry. Lenders have been using it for years to save time, …
