BLOGS

Major IT advancements now make for quick implementation of innovative services, so that community banks can realize the benefits of the latest advancements without massive expenditures of money and time....

As you begin the process of evaluating lease management service providers, use this concise list of attributes and capabilities to assess their qualifications....

Despite an economy that continues to roll along and a stock market setting new records, several factors are contributing to delinquencies in the subprime market and to auto loan balances...

The big loan management software trends for 2020 focus on achieving two major goals: Reducing risk and identifying new lending opportunities. The ability to use data to support both goals...

One recent lending fraud analysis estimated that one in 123 mortgage applications, or 0.81% of all applications, contained indications of fraud during Q2 2019, compared with one in 109, or...

Phantom auto loans are a sophisticated scheme to defraud banks, credit unions, and fincos. No car is ever sold. Often, no actual dealership is involved. Fraudsters have cooperated to fabricate...

Anyone who orders from Amazon regularly understands the advantages of a completely digital process. Order in seconds. Delivery in 2 days or less. Similar improvements are being made in lending....

Down Payment Fraud Detection Key Points: 1) Loan fraud is on the rise with false identities as a leading scheme 2) Substantial down payments help disguise a fraudulent loan application...

Business process automation (BPA) replaces inconsistently-executed manual activities with consistently-executed workflows and decisions. The result for financial services providers: Lower processing costs. Banks evaluating business process automation companies should look...

According to the American Bankers Association, only half of large banks and 38% of small banks currently use an online or digital loan origination channel. Commercial lending software makes it...

Big data has transformed businesses in every industry. Banks now use data acquired from nearly every step of the loan origination process. The reward: Detailed insight that can be applied...

Lenders looking for an LOS often start by checking loan origination system market share. That can reveal industry leaders and niche players. You’ll get a high-level overview of software functionality...