defi INSIGHT

Insights into Modern Lending

alternative credit data
ALTERNATIVE CREDIT DATA: MANAGING PORTFOLIO RISK
Lenders have long relied heavily on scores from the big three credit bureaus. However, the bureaus have recognized that alternative credit
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auto finance industry trends
AUTO FINANCE INDUSTRY TRENDS 2020
Today’s lending market looks very different than it did even just a handful of years ago. More customers are checking auto
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business process automation companies
HOW TO HIRE THE BEST BUSINESS PROCESS AUTOMATION COMPANIES IN THE BANKING INDUSTRY
Business process automation (BPA) replaces inconsistently-executed manual activities with consistently-executed workflows and decisions. The result for financial services providers: Lower processing
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alternative credit score
WHICH ALTERNATIVE CREDIT SCORE COMPANIES ARE BEST?
The best LOS systems calculate alternative credit scores for each loan type offered. To start collecting alternative credit data on your
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auto loan default statistics
AUTO LOAN DEFAULT STATISTICS 2020
According to the New York Fed, US subprime loans are going delinquent at rates unseen since the Great Recession. Auto loan
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commercial lending software vendors
HOW TO SELECT THE BEST COMMERCIAL LENDING SOFTWARE VENDORS
According to the American Bankers Association, only half of large banks and 38% of small banks currently use an online or
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alternative credit data
MILLENNIAL BANKING TRENDS: HOW LENDERS ARE ADAPTING
The millions of people born in the US sometime between the early 1980s and mid-1990s now outnumber baby boomers. For banks,
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loan analytics software
LOAN ANALYTICS SOFTWARE FOR THE BANKING INDUSTRY
Big data has transformed businesses in every industry. Banks now use data acquired from nearly every step of the loan origination
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lending risk
BUSINESS PROCESS AUTOMATION FOR BANKING LOAN ORIGINATION
Business process automation has helped the banking industry bring efficiency to high-volume processes. It brings speed and accuracy to account openings
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business process automation companies
WHICH LOAN ORIGINATION SYSTEM SOFTWARE IS BEST FOR YOUR ORGANIZATION?
It’s an exciting time to be in the lending industry. Major technological advances in loan origination system software have made it
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down payment fraud detection
THE PROS AND CONS OF SELECTING LOAN ORIGINATION SYSTEM VENDORS BASED ON MARKET SHARE
Lenders looking for an LOS often start by checking loan origination system market share. That can reveal industry leaders and niche
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business process automation companies
4 MUST-HAVE LOAN ORIGINATION SYSTEM FEATURES FOR COMPETITIVE LENDERS
The lending industry is evolving. Quickly. Innovative new loan origination system (LOS) features are helping lenders stay ahead, even in competitive
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down payment fraud detection
USED VEHICLE VALUATION TIRE-KICKING RULE # 1: DON’T GUESS
It’s impossible to tell precisely how much a used vehicle is worth without detailed historical data. You can kick the tires
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loan origination system salesforce
BUILDING A LOAN ORIGINATION SYSTEM USING SALESFORCE? READ THIS FIRST.
Salesforce has developed a lending solution built on its CRM platform. Financial services providers that have invested in Salesforce and want
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lending software
LENDING SOFTWARE: HOW IT HELPS IN A RECESSION
As of this writing, there’s no pending recession, though there’s frequent speculation of a downturn, perhaps in 2020. When that downturn
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business process automation companies
LENDING SOLUTION IT SPENDING: SETTING PRIORITIES
Information technology (IT) has transformed the way modern lending works. Fincos, banks, and credit unions have access to more lending solutions
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loan analytics software
FINTECH DISRUPTION IN LENDING 2019
Mentioned in the context of a technology discussion, disruption invariably means innovation. The world of finance is undergoing disruption, and as
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business process automation companies
BIG-TIME ANALYTICS FOR SMALLER LENDERS
Large lending institutions often have personnel dedicated to analytics. These professionals have backgrounds in statistics, knowledge of SQL query language, and
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lending risk
THE BENEFITS OF CREDIT RISK MANAGEMENT AUTOMATION FOR LENDERS
For many lenders, credit risk management depends on years of experience. Their credit risk expertise is a mix of shrewd loan
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down payment fraud detection
FOUR WAYS DECISION RULES DRIVE LOAN ORIGINATION AUTOMATION
Decision rules are a big reason why modern, cloud-based loan origination solutions are so efficient. Decision rules may be used in
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loan origination business rules
HOW LOAN ORIGINATION BUSINESS RULES REV AUTO LENDING
Advancements in fintech are transforming loan origination into an increasingly-automated process. Loan applications are now often turned into booked loans with
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loan analytics software
IS IT TIME TO UPGRADE YOUR AUTO LENDING PLATFORM?
If you can’t remember when your current auto lending platform was originally implemented, it’s probably time to consider an upgrade. Technological
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loan origination business rules
HOW AUTOMATING AUTO LOAN VALIDATIONS AND STIPULATIONS CAN IMPROVE YOUR LOAN PORTFOLIO
Automation is continually improving auto lending process efficiency, along with the quality and consistency of lending decisions. Replacing manual, mundane tasks
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business process automation companies
AUTO DEALER LOAN FRAUD PREVENTION STARTS WITH AN LOS UPDATE
Fraud has many faces. Auto dealer loan fraud isn’t as frequent as income, employment, or identity fraud by individuals and fraud
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down payment fraud detection
HOW MOBILE APPS IMPROVE YOUR DIRECT LENDING OPPORTUNITIES
J.D. Power’s 2018 U.S. Consumer Financing Satisfaction Study, cited in Automotive News, highlighted the value and benefit of easy-to-use mobile apps.
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loan origination system salesforce
ARE LONG-TERM AUTO LOANS A BAD IDEA?
Q: Are long-term auto loans a bad idea? A: It depends on who you ask. If you ask borrowers, they can
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auto finance industry trends
3 AUTO FINANCE ANALYTICS INNOVATIONS
Auto finance analytics are usually the domain of specialists schooled in the finer points of finance and advanced statistics. Some specialists
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alternative credit data
HOW TRENDED DATA CREDIT REPORTS IMPROVE LOAN ORIGINATION DECISIONS
A trended credit data report paints a more accurate picture of a borrower’s financial position by detailing their spending habits and
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loan analytics software
HOW TRENDED CREDIT DATA HELPS YOU APPROVE MORE LOANS WITHOUT MORE RISK
The major credit bureaus now provide lenders with trended credit data reports to complement traditional credit scores. This gives lenders greater
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business process automation companies
IMPROVING YOUR LOS: A TRENDED CREDIT DATA REPORT EXAMPLE
The major credit bureaus now provide lenders with trended credit data reports to complement traditional credit scores. This gives lenders greater
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lending risk
SUBPRIME AUTO BUBBLE: WHEN, HOW, AND WHAT TO DO ABOUT IT
  Outstanding auto loan debt reached $1.27 trillion in the final quarter of 2018. Earlier this year the New York ...
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loan analytics software
USING TRENDED CREDIT DATA FOR BETTER LENDING DECISIONS
  You can draw immediate conclusions from a credit score, especially scores at extreme ends of the credit scoring range. ...
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down payment fraud detection
UPGRADING TO AN LOS WITH INTEGRATED DMS IS WORTH IT. HERE’S WHY.
  J.D. Power reports that nearly 84% of new-vehicle buyers in 2018 arranged financing through a dealership. For lenders, that ...
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lending risk
WHICH CREDIT BUREAU DATA SHOULD AUTO LENDERS USE?
When’s the last time you thought about your credit bureau data? If you’re like most auto lenders, you usually don’t ...
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down payment fraud detection
DIGITAL NOTIFICATION STRATEGIES FOR AUTO LENDERS
Fintech innovation is reshaping auto financing into a streamlined customer experience, as Boston Consulting Group (BCG) notes in Staying Ahead ...
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down payment fraud detection
WHAT TO EXPECT WHEN EXPECTING A NEW SAAS LOAN ORIGINATION SYSTEM
We’ve met a lot of lenders in this situation: Their legacy loan origination system has become too pricey to maintain. ...
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alternative credit data
AUTO LOANS FOR MILLENNIALS: WHAT YOU NEED TO KNOW
According to U.S. Census Bureau population projections, millennials are expected to overtake Baby Boomers in 2019 as the younger group’s ...
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loan analytics software
HOW AUTO LENDERS CAN PROSPER DURING DOWNTURNS
With 17 million vehicles sold in 2018 and 16.8 million new cars and light trucks predicted in 2019 by NADA, ...
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business process automation companies
USED VS. NEW FOR AUTO LENDERS: WHY CUSTOMERS CHOOSE USED
U.S. News and World Report succinctly contrasts the pros and cons of buying new vs. used cars. In today’s auto ...
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Canadian auto lending market
CANADIAN AUTO LENDING MARKET TRENDS
  The Transunion Q4 2018 Industry Insights Report describes a relatively smooth road ahead for the Canadian credit market in ...
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down payment fraud detection
AUTO FINANCING TRENDS: RIDESHARING, CAR SHARING, SUBSCRIPTIONS, AND AUTONOMOUS VEHICLES
Four growing trends, driven by technology and millennial usage and behavior, are depressing vehicle ownership, and, consequently, auto financing. Uber ...
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loan origination system salesforce
HOW IMPROVED FRAUD RECOGNITION REDUCES DELINQUENCIES AND DEFAULTS
  Delinquency and default rates remain relatively stable, according to a recent Experian report. While that may be comforting news, ...
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alternative credit score
WHY AUTO LENDERS ARE REPLACING HOME-GROWN LENDING SOFTWARE WITH CLOUD-BASED SOLUTIONS
  With auto sales having peaked in 2017, lenders need every advantage to stay profitable. The industry is also adjusting ...
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loan analytics software
CLOUD LOAN SOFTWARE, AWS, AND SAAS: LOS MUST-HAVES
If your loan origination software (LOS) runs on servers located in your facility, annual licensing and maintenance costs are increasing, ...
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auto loan straw buyers
AUTO LOAN STRAW BUYERS AND OTHER FRAUDSTERS
The most painful way to learn about auto loan straw buyers is to become their fraud victim. According to PointPredictive, ...
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lending risk
EMPLOYMENT MISREPRESENTATION IN AUTO LOAN APPLICATIONS
It’s the last day of the month. The dealer’s numbers are good, but one more deal would make it a ...
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loan origination system salesforce
INCOME MISREPRESENTATION AND AUTO LOAN APPLICATION FRAUD
You’ve processed hundreds to thousands of auto loan applications this month. Some lending decisions were near-instantaneous—auto approval and auto declines—aided ...
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auto finance industry trends
IT’S EASY TO MISREPRESENT INFORMATION ON AUTO LOAN APPLICATIONS
What percentage of the auto loan applications you received this month intentionally misrepresented information about the borrower, vehicle, or dealer? ...
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alternative credit data
THE RISE OF FRAUD AND MISREPRESENTATION IN AUTO LOAN ORIGINATION
While fraud has always been a problem with auto loans, technology is making it easier to get a steal of ...
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loan origination system salesforce
HOW TO FIGHT AUTO LENDING FRAUD
Anti-theft technology has reduced the incidence of traditional auto theft. So thieves have shifted to auto lending fraud. If you ...
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auto finance industry trends
HOW AUTO STRUCTURING CAPTURES MORE AUTO LOANS
In a competitive auto lending market, what gives you the greatest advantage in capturing more auto loans and growing your ...
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business process automation companies
IT’S TIME TO TRADE EXCEL & ACCESS FOR INTEGRATED AUTO LOAN ANALYTICS
If you’re a lender with a legacy auto lending solution, you likely know you should upgrade to one with integrated ...
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loan analytics software
WHY YOU NEED ANALYTICS AND REAL-TIME REPORTING FOR AUTO LENDING EFFICIENCY AND PROFITABILITY
The rise of big data is transforming how organizations plan, manage, and evaluate their businesses. Auto lending is no different. ...
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alternative credit data
HOW INTEGRATED ANALYTICS IMPROVES AUTO LOS EFFICIENCY
Big data and analytics are transforming every process- and data-intensive industry. Organizations that fail to recognize the value (and the ...
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alternative credit score
HOW ANALYTICS HELP LENDERS MAINTAIN AUTO LENDING COMPLIANCE
Maintaining regulatory compliance requires a focused and continued effort. Lenders need to understand frequently-changing federal and state regulations and translate ...
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down payment fraud detection
OPTIMIZE YOUR UNDERWRITING PROCESSES WITH AUTO LENDING ANALYTICS
Only a fraction of banks, credit unions, and fincos use the full power of auto lending analytics to their advantage. ...
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down payment fraud detection
ACCELERATE AUTO LOAN ORIGINATION BY REPLACING PAPER WITH DIGITAL
Advances in fintech bring ever-greater efficiency to the auto purchasing experience. Cloud, mobile, and the wealth of automotive information available ...
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loan origination business rules
ECONTRACTS: ESIGNATURES MAKE LOAN ORIGINATION FAST AND SECURE
Anyone with years of experience in lending knows paperwork has become voluminous as a result of new regulations. Paperwork is ...
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auto finance industry trends
APPLY-ANYWHERE AUTO LOANS: MOBILE LOAN CONVENIENCE
The combination of cloud, wireless, and mobile technologies have created consumer expectations of convenient commerce. Business transactions that once could ...
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down payment fraud detection
HOW DIGITAL DOCUMENTS ENSURE AUTO LENDING REGULATORY COMPLIANCE
Banks, credit unions, and fincos with auto lending operations can improve efficiency and reduce costs by replacing paper documents with ...
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lending software
INCREASING CAPTURE RATES WITH CONFIGURABLE MOBILE AUTO LOAN APPLICATIONS
Per Automotive News, 2018 vehicle sales, with few exceptions, continue to disappoint. There are many reasons for the sales plateau. ...
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auto finance industry trends
MOBILE AUTO LOANS ARE THE FUTURE OF DIRECT AUTO LENDING
An ever-increasing number of business transactions are conducted via mobile devices. Statistics from Cyber Monday 2018 indicate more than a ...
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loan analytics software
WHAT 2018 AUTO LOAN DELINQUENCY RATES MEAN FOR 2019
How concerned should you be about 2018 auto loan delinquency rates? The answer depends on your credit policies, their effect ...
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lending risk
TOP 3 AUTO LOAN RISK ASSESSMENT SOFTWARE CONSIDERATIONS
Modern lending solutions take advantage of the latest fintech capabilities to help you assess and effectively manage risk throughout the ...
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business process automation companies
WHAT YOU NEED TO KNOW ABOUT AUTO LOAN DELINQUENCY STATISTICS
The headline of the Federal Reserve Bank of Kansas City’s Macro Bulletin summarizes the Q2 2018 auto loan delinquency statistics: ...
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loan origination system salesforce
AUTO LOAN PORTFOLIO RISK MANAGEMENT: PROBLEMS TO AVOID
Experian’s State of the Automotive Finance Market – A look at loans and leases in Q2 2018 provides an excellent, ...
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auto finance industry trends
HOW TO USE AUTO LENDING RISK MANAGEMENT STRATEGICALLY
A comprehensive auto lending risk management strategy addresses every phase of the lending cycle from applications through servicing. Regular analysis ...
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lending risk
HOW AUTO DELINQUENCY RATES AFFECT YOUR LENDING PORTFOLIO
Auto loan delinquency rates will always be a challenge for lenders, who must balance acceptable risk with profitability. As an ...
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loan analytics software
HOW TO RESPOND TO CAR LOAN DELINQUENCY RATES IN GOOD TIMES AND BAD
The Kansas City Federal Reserve’s MAIN STREET VIEWS Policy Insight Auto Loan Delinquency Rates Are Rising, but Mostly among Subprime ...
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lending risk
AUTO LOAN RISK MANAGEMENT FOR YOUR PORTFOLIO
With auto sales in decline in 2018, lenders are looking for options to build a profitable portfolio. There’s always the ...
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down payment fraud detection
HOW AN LOS LOCKS IN TILA COMPLIANCE
It should be easy to comply with the Truth In Lending Act (TILA), more commonly referred to as Regulation Z ...
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loan origination system salesforce
USING AUTO LOAN PORTFOLIO RISK ASSESSMENT WITH AN LOS
A regular practice of auto loan portfolio risk assessment allows lenders to continually evaluate and adjust their credit policies in ...
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lending risk
THE BENEFITS OF DIGITAL AUTO LOAN UNDERWRITING WORKFLOWS
The concept of workflow has been around for decades. The assembly line instituted by Henry Ford was the shining example ...
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auto finance industry trends
THE AUTO LOAN DELINQUENCY TRENDS THAT MATTER
How worried should you be about current auto lending market and delinquency trends? Subprime auto loan delinquencies have been on the ...
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business process automation companies
AUTO LENDING RISK ASSESSMENT FACTORS YOU CAN’T OVERLOOK
Risk is an inherent part of the auto lending industry. Initially, risk was almost exclusively associated with the criteria and ...
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business process automation companies
3 KEY PROBLEMS WITH AUTO LENDING ANALYTICS AND HOW TO AVOID THEM
The auto lending process—applications through final payments—creates volumes of valuable applicant, borrower, process, and portfolio data for lenders. When auto ...
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loan analytics software
WHAT LOAN MANAGEMENT SYSTEM CONFIGURATION DOES FOR YOU
How easily can you make modifications or customize your loan management system to meet current (and future) lending needs? It ...
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loan analytics software
WHY AUTO LOAN PORTFOLIO ANALYTICS ARE SO VALUABLE
If you’ve been in the auto lending business for any length of time, you’ve captured or created volumes of applicant, ...
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alternative credit score
HOW TO SELECT THE BEST LOAN SOFTWARE FOR CREDIT UNIONS
Credit unions are experiencing a surge in auto lending. That was one of the pieces of good news for auto ...
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lending risk
THE BENEFITS OF AUTOMATION FOR AUTO LOAN COMPLIANCE
Today’s robots and long-gone steam engines have something in common: Automation. The essence of automation is the replacement of a ...
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lending software
DIGITAL LOAN PROCESSING: WHAT’S IN IT FOR YOU
What’s in it for me? That’s a legitimate question for every lender to ask when evaluating the features, capabilities, and ...
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business process automation companies
USING AUTO LOAN DECISIONING RULES TO ACHIEVE COMPLIANCE
Auto lending regulations are the result of consumer advocates, industry lobbyists, and government officials proposing, negotiating, and compromising to bring ...
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lending risk
UNDERWRITING COMPLIANCE: HOW TO ACHIEVE, MAINTAIN, AND DEMONSTRATE IT
How do you balance the demands of operating an efficient and profitable lending business while complying with increasing regulations? The ...
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lending risk
HOW TO REDUCE LENDING RISK WITH ALTERNATIVE CREDIT DATA
What degree of lending risk are you willing to tolerate? You probably ask yourself this daily.  Your answer varies with ...
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down payment fraud detection
2018 AUTO LOAN DEFAULT STATISTICS: KEEPING THE REAL HORSEPOWER IN YOUR PORTFOLIO
Hybrid cars don’t use any gas going downhill, so their drivers often coast as long as possible, increasing their overall ...
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alternative credit data
HOW AUTO DECISIONING IMPACTS LENDING PRACTICES
How will the second half of 2018 play out for auto lenders? Will tariffs, trade wars, higher gas prices, rising ...
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loan origination business rules
HOW TO MEET THE CHALLENGES OF AUTO LOAN COMPLIANCE
Either you’re compliant or you’re not. In the long run, achieving compliance is the easier choice, but it does require ...
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loan analytics software
YOUR LOAN MANAGEMENT SOFTWARE SHOULD BE CLOUD-BASED. HERE’S WHY.
Cloud computing has been around for more than a decade. It has changed the way that software is developed, delivered, ...
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alternative credit score
ALTERNATIVE CREDIT DATA CREATES NEW LENDING OPPORTUNITIES
The true value of gathering and storing data from an ever-increasing number of sources is our ability to gain insight ...
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down payment fraud detection
WHY YOU NEED A DIGITAL LENDING PROCESS
If you haven’t updated your legacy lending system in a while, or are looking for something better, you’re in the ...
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business process automation companies
HOW TO CHOOSE THE BEST LOAN ORIGINATION SYSTEM VENDOR FOR YOUR BUSINESS
Pretend your current loan origination system is an automobile. How would you describe it— antique, clunker, ready for recycling, gas ...
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loan origination business rules
THE ADVANTAGES OF AN AUTOMATED LOAN PROCESSING SYSTEM
You can’t go a day without the benefits of automation. From better-quality automobiles to robotic picking and packing at Amazon ...
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auto finance industry trends
AUTO FINANCE NEWS THAT WILL SHAPE LOAN PROCESSING 2018-2019
2018’s big auto finance news is that the US House and Senate voted to repeal the CFPB decree on auto-loan ...
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down payment fraud detection
HOW TO IMPROVE LENDING AND OPERATIONAL EFFICIENCY IN THE BANKING SECTOR
Declining auto sales and fewer loan opportunities are increasing competition among lenders. In these challenging market conditions, improving lending and ...
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commercial lending software vendors
HOW TO KEEP UP WITH INDIRECT AUTO LENDING COMPLIANCE REGULATIONS
Tension and uncertainty created by the CFPB’s 2013 Indirect Auto Lending Bulletin evaporated April 18, 2018, when the US Senate ...
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down payment fraud detection
HOW INTEGRATED LENDING PROCESS SERVICES CAN IMPROVE YOUR LOAN PROGRAM
Whenever I fix something at home, I gather everything I’ll need to make it happen: tools, supplies, instructions—the lot. Sometimes ...
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auto finance industry trends
AUTO FINANCE INDUSTRY TRENDS THAT WILL DISRUPT LENDING AS WE KNOW IT IN 2019
Let’s begin with this top-of-mind, worrisome auto finance industry trend: After years of growth, auto sales are declining. It’s a ...
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alternative credit score
HOW NEW LENDING TECHNOLOGY IS RESHAPING THE LOAN ORIGINATION PROCESS
Technology: Does it help or hinder society? From a personal perspective, there’s nothing to debate. Daily, we enjoy the benefits ...
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lending software
3 LOAN PROCESS IMPROVEMENT IDEAS IN BANKING TO OPTIMIZE LENDING PRACTICES
Over the last decade, banks and credit unions, have adopted mobile and web technologies with unprecedented, and in some ways ...
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lending risk
5 KEY FEATURES YOUR LOAN ORIGINATION PLATFORM MUST HAVE
Unprecedented technological advances in the last decade have sparked great efficiencies in the auto industry. Design, prototyping, and manufacturing techniques, ...
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loan analytics software
HOW TO BYPASS 2018 AUTO LOAN DELINQUENCY TRENDS AND DATA WITH 3 KEY LENDER STRATEGIES
In recent years, the US has experienced a growing economy, low interest rates, and a downward unemployment trend. Auto lending, ...
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