Insights into Modern Lending
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, ...Read more.
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 ...Read more.
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, ...Read more.
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 ...Read more.
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 ...Read more.
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? ...Read more.
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 ...Read more.
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 ...Read more.
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. ...Read more.
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 ...Read more.
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 ...Read more.
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. ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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. ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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: ...Read more.
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, ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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, ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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 ...Read more.
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, ...Read more.
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, ...Read more.
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