BLOGS
Insights into Modern Lending
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.
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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
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Automated loan processing systems deliver a better customer experience. Want better quality lending decisions and analytics for continuous improvement? Read on.
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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
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Information technology (IT) has transformed all aspects of the lending sector, streamlining processes to benefit both lenders and borrowers. Banks, credit unions, and other lending institutions can now offer their
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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.
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Passed in 1968, the Truth in Lending Act encourages accuracy among consumer lenders by requiring they disclose certain terms when offering a loan. Modern lending platforms can support an auto
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The COVID-19 pandemic sent shock waves throughout the world’s economy, and these changes continue to drive the direction in which the auto lending industry is heading.
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Information technology (IT) has transformed the way modern lending works. Fincos, banks, and credit unions have access to more lending solutions than ever thanks to the latest advances in technology.
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As a rule, new technology makes business practices more efficient. For example, look at how technology made crossing the Atlantic Ocean both quicker and easier. The first historically recorded voyage
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High inflation not seen in decades, rising interest rates, continuing supply chain issues from China’s zero COVID policy, and the biggest conflict in Europe since World War 2 are all
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A trended credit data report paints a more accurate picture of a borrower’s financial position by detailing their spending habits and ability to repay.
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