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 …
7 CREDIT UNION TECHNOLOGY TRENDS FOR 2023
Competition is getting tougher in the lending industry, and credit unions aren’t insulated from such difficulties. Rising interest rates and …
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.
THE ONLY AUTO LOAN ORIGINATION SOFTWARE YOU WILL EVER NEED
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 …
