BLOGS
Insights into Modern Lending
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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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. They also need efficiency and profitability. New lending technology can help them do it all.
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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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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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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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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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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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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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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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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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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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