BLOGS
Insights into Modern Lending
A regular practice of auto loan portfolio risk assessment allows lenders to continually evaluate and adjust their credit policies in response to market dynamics. To do this you’ll need analytics
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The concept of workflow has been around for decades. The assembly line instituted by Henry Ford was the shining example of efficient workflow in its day, echoing Frederick Taylor’s research
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How worried should you be about current auto lending market and delinquency trends? Subprime auto loan delinquencies have been on the rise since 2011. They may have stabilized a bit, but
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Risk is an inherent part of the auto lending industry. Initially, risk was almost exclusively associated with the criteria and policies used to evaluate applicants. How confident were you in
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The auto lending process—applications through final payments—creates volumes of valuable applicant, borrower, process, and portfolio data for lenders. When auto lending analytics are properly applied to that data you can:
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How easily can you make modifications or customize your loan management system to meet current (and future) lending needs? It should take only minutes to make a modification. Legacy lending
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If you’ve been in the auto lending business for any length of time, you’ve captured or created volumes of applicant, borrower, process, and deal information. That data has value any
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Today’s robots and long-gone steam engines have something in common: Automation. The essence of automation is the replacement of a manual process, subject to variability in the time and quality
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What’s in it for me? That’s a legitimate question for every lender to ask when evaluating the features, capabilities, and benefits of digital loan processing. We’ll answer that question with
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Auto lending regulations are the result of consumer advocates, industry lobbyists, and government officials proposing, negotiating, and compromising to bring about change that favors their constituents. They can be lengthy
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What degree of lending risk are you willing to tolerate? You probably ask yourself this daily. Your answer varies with the direction of the market or the health of your
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Hybrid cars don’t use any gas going downhill, so their drivers often coast as long as possible, increasing their overall mileage. It’s called hypermiling, and it’s a decent metaphor for
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