BLOGS
Insights into Modern Lending
Anyone with years of experience in lending knows paperwork has become voluminous as a result of new regulations. Paperwork is a deterrent to loan processing efficiency. When properly executed, paper
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Banks, credit unions, and fincos with auto lending operations can improve efficiency and reduce costs by replacing paper documents with digital documents. Legacy lending solutions designed and deployed in an
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The combination of cloud, wireless, and mobile technologies have created consumer expectations of convenient commerce. Business transactions that once could only be accomplished sitting at a desk with a computer
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Per Automotive News, 2018 vehicle sales, with few exceptions, continue to disappoint. There are many reasons for the sales plateau. The takeaway for lenders is that to effectively compete and
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An ever-increasing number of business transactions are conducted via mobile devices. Statistics from Cyber Monday 2018 indicate more than a third of transactions were done via mobile devices. Mobile reduces
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Modern lending solutions take advantage of the latest fintech capabilities to help you assess and effectively manage risk throughout the lending cycle. When speaking about auto loan risk assessment, we
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The headline of the Federal Reserve Bank of Kansas City’s Macro Bulletin summarizes the Q2 2018 auto loan delinquency statistics: Auto Loan Delinquency Rates Are Rising, but Mostly among Subprime
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Experian’s State of the Automotive Finance Market - A look at loans and leases in Q2 2018 provides an excellent, easy-to-digest snapshot of the current market. It acknowledges slowing market
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A comprehensive auto lending risk management strategy addresses every phase of the lending cycle from applications through servicing. Regular analysis of loan applications and portfolio performance with a focus on
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Auto loan delinquency rates will always be a challenge for lenders, who must balance acceptable risk with profitability. As an indicator of ongoing appetite for both, interest rates have increased
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The Kansas City Federal Reserve’s MAIN STREET VIEWS Policy Insight Auto Loan Delinquency Rates Are Rising, but Mostly among Subprime Borrowers focuses on auto finance trends of the last 7
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It should be easy to comply with the Truth In Lending Act (TILA), more commonly referred to as Regulation Z (or just Reg Z) in the auto lending industry. If
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