BLOGS

Insights into Modern Lending

 

Illustrated graphic of maney and coins with an upwards arrow, loosely representing auto loan servicing for credit union portfolios
The major credit bureaus now provide lenders with trended credit data reports to complement traditional credit scores. This gives lenders greater confidence when evaluating risk. ...
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small business loan servicing solutions
The major credit bureaus now provide lenders with trended credit data reports to complement traditional credit scores. This gives lenders greater confidence when evaluating risk. ...
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community bank lending workflow
  Outstanding auto loan debt reached $1.27 trillion in the final quarter of 2018. Earlier this year the New York Fed Consumer Credit Panel and Equifax reported that more than ...
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Illustrated graphic of maney and coins with an upwards arrow, loosely representing auto loan servicing for credit union portfolios
  You can draw immediate conclusions from a credit score, especially scores at extreme ends of the credit scoring range. Easy approvals with the best terms for super prime and ...
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loan servicing software community bank small business
  J.D. Power reports that nearly 84% of new-vehicle buyers in 2018 arranged financing through a dealership. For lenders, that underscores the importance of integrating their loan origination system LOS ...
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community bank lending workflow
When’s the last time you thought about your credit bureau data? If you’re like most auto lenders, you usually don’t have to think about it. You use the same data ...
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loan servicing software community bank small business
Fintech innovation is reshaping auto financing into a streamlined customer experience, as Boston Consulting Group (BCG) notes in Staying Ahead as Auto Finance Goes Digital. A streamlined digital loan origination ...
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loan servicing software community bank small business
We’ve met a lot of lenders in this situation: Their legacy loan origination system has become too pricey to maintain. It lacks the functions they need to compete. They face ...
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loan servicing platform community banks
According to U.S. Census Bureau population projections, millennials are expected to overtake Baby Boomers in 2019 as the younger group’s population swells to 73 million and boomers decline to 72 ...
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Illustrated graphic of maney and coins with an upwards arrow, loosely representing auto loan servicing for credit union portfolios
With 17 million vehicles sold in 2018 and 16.8 million new cars and light trucks predicted in 2019 by NADA (now J.D. Power), the upward trend of recent years seems ...
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small business loan servicing solutions
U.S. News and World Report succinctly contrasts the pros and cons of buying new vs. used cars. In today’s auto market, New offers: A wide selection of fuel-efficient vehicles, the ...
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loan servicing software community bank small business
Four growing trends, driven by technology and millennial usage and behavior, are depressing vehicle ownership, and, consequently, auto financing. Uber and Lyft have greatly disrupted traditional for-hire urban transportation services ...
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