defi INSIGHT

Insights into Modern Lending

loan origination system market share
THE PROS AND CONS OF SELECTING LOAN ORIGINATION SYSTEM VENDORS BASED ON MARKET SHARE
Lenders looking for an LOS often start by checking loan origination system market share. That can reveal industry leaders and niche
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loan origination system features
4 MUST-HAVE LOAN ORIGINATION SYSTEM FEATURES FOR COMPETITIVE LENDERS
The lending industry is evolving. Quickly. Innovative new loan origination system (LOS) features are helping lenders stay ahead, even in competitive
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loan origination system market share
USED VEHICLE VALUATION TIRE-KICKING RULE # 1: DON’T GUESS
It’s impossible to tell precisely how much a used vehicle is worth without detailed historical data. You can kick the tires
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loan origination system salesforce
BUILDING A LOAN ORIGINATION SYSTEM USING SALESFORCE? READ THIS FIRST.
Salesforce has developed a lending solution built on its CRM platform. Financial services providers that have invested in Salesforce and want
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lending software
LENDING SOFTWARE: HOW IT HELPS IN A RECESSION
As of this writing, there’s no pending recession, though there’s frequent speculation of a downturn, perhaps in 2020. When that downturn
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loan origination system features
LENDING SOLUTION IT SPENDING: SETTING PRIORITIES
Information technology (IT) has transformed the way modern lending works. Fincos, banks, and credit unions have access to more lending solutions
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loan origination software comparison
FINTECH DISRUPTION IN LENDING 2019
Mentioned in the context of a technology discussion, disruption invariably means innovation. The world of finance is undergoing disruption, and as
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loan origination system features
BIG-TIME ANALYTICS FOR SMALLER LENDERS
Large lending institutions often have personnel dedicated to analytics. These professionals have backgrounds in statistics, knowledge of SQL query language, and
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credit risk management automation
THE BENEFITS OF CREDIT RISK MANAGEMENT AUTOMATION FOR LENDERS
For many lenders, credit risk management depends on years of experience. Their credit risk expertise is a mix of shrewd loan
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loan origination system market share
FOUR WAYS DECISION RULES DRIVE LOAN ORIGINATION AUTOMATION
Decision rules are a big reason why modern, cloud-based loan origination solutions are so efficient. Decision rules may be used in
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loan origination business rules
HOW LOAN ORIGINATION BUSINESS RULES REV AUTO LENDING
Advancements in fintech are transforming loan origination into an increasingly-automated process. Loan applications are now often turned into booked loans with
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loan origination software comparison
IS IT TIME TO UPGRADE YOUR AUTO LENDING PLATFORM?
If you can’t remember when your current auto lending platform was originally implemented, it’s probably time to consider an upgrade. Technological
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loan origination business rules
HOW AUTOMATING AUTO LOAN VALIDATIONS AND STIPULATIONS CAN IMPROVE YOUR LOAN PORTFOLIO
Automation is continually improving auto lending process efficiency, along with the quality and consistency of lending decisions. Replacing manual, mundane tasks
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loan origination system features
AUTO DEALER LOAN FRAUD PREVENTION STARTS WITH AN LOS UPDATE
Fraud has many faces. Auto dealer loan fraud isn’t as frequent as income, employment, or identity fraud by individuals and fraud
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loan origination system market share
HOW MOBILE APPS IMPROVE YOUR DIRECT LENDING OPPORTUNITIES
J.D. Power’s 2018 U.S. Consumer Financing Satisfaction Study, cited in Automotive News, highlighted the value and benefit of easy-to-use mobile apps.
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loan origination system salesforce
ARE LONG-TERM AUTO LOANS A BAD IDEA?
Q: Are long-term auto loans a bad idea? A: It depends on who you ask. If you ask borrowers, they can
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auto finance analytics
3 AUTO FINANCE ANALYTICS INNOVATIONS
Auto finance analytics are usually the domain of specialists schooled in the finer points of finance and advanced statistics. Some specialists
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trended credit data report
HOW TRENDED DATA CREDIT REPORTS IMPROVE LOAN ORIGINATION DECISIONS
A trended credit data report paints a more accurate picture of a borrower’s financial position by detailing their spending habits and
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loan origination software comparison
HOW TRENDED CREDIT DATA HELPS YOU APPROVE MORE LOANS WITHOUT MORE RISK
The major credit bureaus now provide lenders with trended credit data reports to complement traditional credit scores. This gives lenders greater
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loan origination system features
IMPROVING YOUR LOS: A TRENDED CREDIT DATA REPORT EXAMPLE
The major credit bureaus now provide lenders with trended credit data reports to complement traditional credit scores. This gives lenders greater
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credit risk management automation
SUBPRIME AUTO BUBBLE: WHEN, HOW, AND WHAT TO DO ABOUT IT
  Outstanding auto loan debt reached $1.27 trillion in the final quarter of 2018. Earlier this year the New York ...
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loan origination software comparison
USING TRENDED CREDIT DATA FOR BETTER LENDING DECISIONS
  You can draw immediate conclusions from a credit score, especially scores at extreme ends of the credit scoring range. ...
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loan origination system market share
UPGRADING TO AN LOS WITH INTEGRATED DMS IS WORTH IT. HERE’S WHY.
  J.D. Power reports that nearly 84% of new-vehicle buyers in 2018 arranged financing through a dealership. For lenders, that ...
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credit risk management automation
WHICH CREDIT BUREAU DATA SHOULD AUTO LENDERS USE?
When’s the last time you thought about your credit bureau data? If you’re like most auto lenders, you usually don’t ...
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loan origination system market share
DIGITAL NOTIFICATION STRATEGIES FOR AUTO LENDERS
Fintech innovation is reshaping auto financing into a streamlined customer experience, as Boston Consulting Group (BCG) notes in Staying Ahead ...
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loan origination system market share
WHAT TO EXPECT WHEN EXPECTING A NEW SAAS LOAN ORIGINATION SYSTEM
We’ve met a lot of lenders in this situation: Their legacy loan origination system has become too pricey to maintain. ...
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trended credit data report
AUTO LOANS FOR MILLENNIALS: WHAT YOU NEED TO KNOW
According to U.S. Census Bureau population projections, millennials are expected to overtake Baby Boomers in 2019 as the younger group’s ...
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loan origination software comparison
HOW AUTO LENDERS CAN PROSPER DURING DOWNTURNS
With 17 million vehicles sold in 2018 and 16.8 million new cars and light trucks predicted in 2019 by NADA, ...
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loan origination system features
USED VS. NEW FOR AUTO LENDERS: WHY CUSTOMERS CHOOSE USED
U.S. News and World Report succinctly contrasts the pros and cons of buying new vs. used cars. In today’s auto ...
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Canadian auto lending market
CANADIAN AUTO LENDING MARKET TRENDS
  The Transunion Q4 2018 Industry Insights Report describes a relatively smooth road ahead for the Canadian credit market in ...
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loan origination system market share
AUTO FINANCING TRENDS: RIDESHARING, CAR SHARING, SUBSCRIPTIONS, AND AUTONOMOUS VEHICLES
Four growing trends, driven by technology and millennial usage and behavior, are depressing vehicle ownership, and, consequently, auto financing. Uber ...
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loan origination system salesforce
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, ...
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home-grown lending
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 ...
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loan origination software comparison
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, ...
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auto loan straw buyers
AUTO LOAN STRAW BUYERS AND OTHER FRAUDSTERS
The most painful way to learn about auto loan straw buyers is to become their fraud victim. According to PointPredictive, ...
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credit risk management automation
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 ...
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loan origination system salesforce
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 ...
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auto finance analytics
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? ...
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trended credit data report
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 ...
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loan origination system salesforce
HOW TO FIGHT AUTO LENDING FRAUD
Anti-theft technology has reduced the incidence of traditional auto theft. So thieves have shifted to auto lending fraud. If you ...
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auto finance analytics
HOW AUTO STRUCTURING CAPTURES MORE AUTO LOANS
In a competitive auto lending market, what gives you the greatest advantage in capturing more auto loans and growing your ...
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loan origination system features
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 ...
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loan origination software comparison
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. ...
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trended credit data report
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 ...
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home-grown lending
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 ...
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loan origination system market share
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. ...
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loan origination system market share
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 ...
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loan origination business rules
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 ...
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auto finance analytics
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 ...
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loan origination system market share
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 ...
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lending software
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. ...
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auto finance analytics
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 ...
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loan origination software comparison
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 ...
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credit risk management automation
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 ...
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loan origination system features
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: ...
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loan origination system salesforce
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, ...
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auto finance analytics
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 ...
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credit risk management automation
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 ...
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loan origination software comparison
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 ...
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credit risk management automation
AUTO LOAN RISK MANAGEMENT FOR YOUR PORTFOLIO
With auto sales in decline in 2018, lenders are looking for options to build a profitable portfolio. There’s always the ...
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loan origination system market share
HOW AN LOS LOCKS IN TILA COMPLIANCE
It should be easy to comply with the Truth In Lending Act (TILA), more commonly referred to as Regulation Z ...
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loan origination system salesforce
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 ...
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credit risk management automation
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 ...
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auto finance analytics
THE AUTO LOAN DELINQUENCY TRENDS THAT MATTER
How worried should you be about current auto lending market and delinquency trends? Subprime auto loan delinquencies have been on the ...
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loan origination system features
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 ...
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loan origination system features
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 ...
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loan origination software comparison
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 ...
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loan origination software comparison
WHY AUTO LOAN PORTFOLIO ANALYTICS ARE SO VALUABLE
If you’ve been in the auto lending business for any length of time, you’ve captured or created volumes of applicant, ...
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home-grown lending
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 ...
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credit risk management automation
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 ...
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lending software
DIGITAL LOAN PROCESSING: WHAT’S IN IT FOR YOU
What’s in it for me? That’s a legitimate question for every lender to ask when evaluating the features, capabilities, and ...
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loan origination system features
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 ...
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credit risk management automation
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 ...
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credit risk management automation
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 ...
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loan origination system market share
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 ...
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trended credit data report
HOW AUTO DECISIONING IMPACTS LENDING PRACTICES
How will the second half of 2018 play out for auto lenders? Will tariffs, trade wars, higher gas prices, rising ...
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loan origination business rules
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 ...
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loan origination software comparison
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, ...
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home-grown lending
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 ...
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loan origination system market share
WHY YOU NEED A DIGITAL LENDING PROCESS
If you haven’t updated your legacy lending system in a while, or are looking for something better, you’re in the ...
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loan origination system features
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 ...
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loan origination business rules
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 ...
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auto finance analytics
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 ...
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loan origination system market share
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 ...
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automated loan decisioning
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 ...
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loan origination system market share
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 ...
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auto finance analytics
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 ...
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home-grown lending
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 ...
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lending software
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 ...
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credit risk management automation
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, ...
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loan origination software comparison
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, ...
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