BLOGS
Insights into Modern Lending
As a proportion of US auto lending, credit unions now control the highest share of the overall market. According to Experian’s 2022 third quarter report on auto financing, this is
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It really should be a no-brainer to acknowledge that any positive experiences a customer has with a company will lead to more repeat business. In fact, a Salesforce study from
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Technological innovation in auto lending has greatly enhanced customer experience in the sector. While many auto lenders have already automated their originations process, the servicing side often gets overlooked.
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Businesses are always looking to make their operations more efficient, and it’s no different for consumer lenders. Because of its significance early in the lending process, the introduction of technology
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Automated loan processing systems deliver a better customer experience. Want better quality lending decisions and analytics for continuous improvement? Read on.
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Businesses are always looking to make their operations more efficient, and it’s no different for consumer lenders. Because of its significance early in the lending process, the introduction of technology
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Information technology (IT) has transformed all aspects of the lending sector, streamlining processes to benefit both lenders and borrowers. Banks, credit unions, and other lending institutions can now offer their
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Lenders who use a modern, cloud-based software solution have an advantage over competitors still using traditional paper processes or even legacy systems when it comes to auto loan originations.
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Passed in 1968, the Truth in Lending Act encourages accuracy among consumer lenders by requiring they disclose certain terms when offering a loan. Modern lending platforms can support an auto
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The COVID-19 pandemic sent shock waves throughout the world’s economy, and these changes continue to drive the direction in which the auto lending industry is heading.
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Information technology (IT) has transformed the way modern lending works. Fincos, banks, and credit unions have access to more lending solutions than ever thanks to the latest advances in technology.
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As a rule, new technology makes business practices more efficient. For example, look at how technology made crossing the Atlantic Ocean both quicker and easier. The first historically recorded voyage
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