BLOGS

Insights into Modern Lending

 

Your auto loan risk management strategy should include fraud recognition, alternative credit data for quality decisioning, and portfolio risk factor analysis.
With auto sales down from last year and interest rates rising, lenders are looking for the best available options to build a profitable portfolio. In the auto lending industry, there’s ...
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Auto Loan Delinquency Statistics
Salesforce has developed a lending solution built on its CRM platform. Financial services providers that have invested in Salesforce and want to start or improve lending will probably kick the ...
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Auto lenders have many underwriting compliance requirements.
Auto lenders have many underwriting compliance requirements. They also need efficiency and profitability. New lending technology can help them do it all. ...
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auto loan servicing
Delinquent account recovery is a serious financial drain for lenders. Mailing out late statements and hiring staff to call debtors daily is an incredibly expensive process. In some cases, lenders ...
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Canadian Auto Lending Market
The Transunion Q1 2022 Industry Insights Report describes a return to pre-pandemic levels for the credit sector, with credit activity surging as the economy has strengthened. Though high inflation and ...
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End to end lending process
When the seventh annual Powersports Finance Summit takes place in October 2022, it will feature presentations, panels, and discussions regarding the trends and opportunities powersports financing presents to lenders. The ...
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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, significant changes have occurred with auto manufacturers in regards to ...
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How the End-To-End Loan Service Model Is Changing for Auto Lenders
Data silos occur when one group within an organization makes its data difficult to access by others within the organization. The “silo” metaphor comes from the storage units where different ...
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End to end lending process
The manual financing processes of the 20th century made lending both difficult and costly. Today’s financial technology (fintech) has helped relieve lenders of this burden, decreasing delays and largely eliminating ...
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A person handing car keys in exchange for a wad of cash.
Sales of electric and hybrid light-duty vehicles in the United States nearly doubled between 2020 and 2021 to over 600 thousand, with fully electric vehicles accounting for 73 percent of ...
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Electric vehicle lending graphic
The quickly growing market for sustainable personal transportation is also driving more electric vehicle lending. According to a report by Experian, market share in this segment of the auto financing ...
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End to end lending process
Consumers often choose to lease over buying a vehicle outright due in part to lower monthly payments. However, toward the end of an auto lease, a decision must be made ...
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