BLOGS

Insights into Modern Lending

 

How to Respond to Car Loan Delinquency Rates in 2023
Car loan delinquency rates are rising, surpassing levels last seen during the Great Recession of 2008-09. Account delinquency rates of auto loans 60+ days past due (DPD) have risen 26 ...
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Graphic representation of loan approval
Loan origination KPIs (key performance indicators) are crucial metrics lenders use to assess the efficiency and effectiveness of their lending processes. These benchmarks help organizations monitor their performance, identify areas ...
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Loan underwriting automation speeds loan approvals
Loan underwriting automation offers many benefits to businesses in the lending industry. It helps expedite the loan approval process, so borrowers don't have to wait as long for a decision. ...
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Representation of how the loan origination process is being reshaped by technology
Updated on 10/6/23 When any new technology becomes available, there are always advocates and detractors surrounding its use. While innovative lending technology offers many benefits, it can also disrupt how ...
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How to Respond to Car Loan Delinquency Rates in 2023
The consumer asset finance process refers to lenders that offer financing to individuals for purchasing various kinds of assets, including vehicles, electronics, appliances, furniture, and other consumer goods. Banks, credit ...
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How to prevent loan delinquency representation
Digital lending in banking offers financial institutions several powerful benefits, including better decisions, improved customer service, and cost savings. Implementing digital lending practices, however, is not without challenges. Organizations that ...
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Graphic depicting how to improve your lending business
Improving your loan portfolio is crucial to ensure a healthy and profitable lending business. As your loan portfolio represents a significant asset and a source of risk for your institution's ...
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Streamlining loan servicing operations
Loan servicing operations are a critical aspect of the financial industry, and in an ever-evolving landscape, lenders face the challenge of remaining competitive and efficient. To enhance services, reduce manual ...
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Graphic depicting how to improve your lending business
Improving your loan portfolio is crucial to ensure a healthy and profitable lending business. As your loan portfolio represents a significant asset and a source of risk for your institution's ...
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Loan servicing is a crucial aspect of the financial industry that involves managing and administering loans on behalf of lenders. From overseeing payments to providing customer support, loan servicers facilitate ...
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loan origination software for banks
Credit unions have a distinct advantage over nationwide financial institutions: their deep understanding of the local economy and the specific financial needs of their members. This inherent advantage allows credit ...
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small business loan servicing solutions
Some of the top credit union technology challenges right now are: Lack of agility in deploying IT resources and services to meet dynamic processing demands associated with business cycles; inability ...
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