BLOGS

Insights into Modern Lending

 

Graphic depicting how to improve your lending business
Though there was a recent uptick, U.S. vehicle sales dipped at the end of 2023. Combined with the still-recovering auto components supply chain and a disruptive UAW strike, lenders are ...
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Underwriting compliance ensures only compliant loans are approved
In the financial industry, lenders use credit underwriting to assess the creditworthiness of borrowers. Advances in artificial intelligence (AI) make it possible to enhance the efficiency, accuracy, and speed of ...
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Credit risk management technology boosts approval rates
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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Loan approval prediction using machine learning could help quickly find creditworthy applicants
Harnessing machine learning models for loan approval prediction is on the cutting edge of lending technology. These models can learn patterns from historical data to predict new loan approvals. They ...
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Underwriting compliance ensures only compliant loans are approved
Loan applications are often sent to multiple lenders simultaneously. The action is called loan stacking, and it can help address a legitimate need for quick funding, or to perpetrate a ...
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Community banks understand the lending needs of individuals and small businesses
Community banks are unlike any other financial institution. They truly understand the individual needs of small businesses and the community members they serve and make personalized lending decisions based on ...
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Graphic depicting how to improve your lending business
Lenders face an uncertain financial market in a constantly changing global economy. To negotiate this dynamic milieu, lenders need to develop robust loan portfolio risk assessment strategies. They must evaluate ...
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Representation of contract signing at the end of the loan origination process
Banks and credit unions face economic uncertainty, evolving regulatory requirements, and technological disruptions in their credit operations. Credit risk assessment remains an ongoing challenge, requiring data analytics and predictive modeling ...
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How to prevent loan delinquency representation
Auto loan delinquency rates have reached their highest levels since the 2008 recession, according to a report by S&P and TransUnion. Account-level delinquency rates of auto loans 60+ days past ...
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Management discussing account takeover fraud prevention
In an account takeover, an individual or well-organized cartel obtains access to a consumer’s account, changes login credentials or personal data, then makes unauthorized transactions using that account. Unauthorized purchases, ...
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Graphic depicting how to improve your lending business
High inflation, rising interest rates, increasing consumer debt, supply chain issues, and the most significant conflict in Europe since World War 2 are working together to stunt economic growth worldwide. ...
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Credit risk management technology boosts approval rates
To enhance the borrower experience, lenders can use a variety of strategies. One strategy is to use technology to automate and speed up loan applications and approvals, reducing paperwork and ...
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