BLOGS
Insights into Modern Lending
High inflation not seen in decades, rising interest rates, continuing supply chain issues from China’s zero COVID policy, and the biggest conflict in Europe since World War 2 are all
...
A trended credit data report paints a more accurate picture of a borrower’s financial position by detailing their spending habits and ability to repay.
...
If you can’t remember when your current auto lending platform was originally implemented, it’s probably time to consider an upgrade. Technological improvements in recent years deliver functionality that dramatically improves
...
Credit unions are gaining market share in the US auto lending sector, according to a December 2021 article published in Credit Union Times. This is especially good news, as auto
...
Today’s lending market looks very different than it did even just a handful of years ago. More customers are checking auto prices and lending rates online to find the financing
...
Bank loan-to-deposit ratios (LDR) should ideally average between 80% to 90%. With most of a bank’s deposits tied up in loans, it’s an understatement to say that lending is critical
...
The economic shutdown that occurred in early 2020 in the US due to the coronavirus pandemic reduced sales of new vehicles by 38%, disrupting the auto industry. Since vaccines helped
...
In our work with community banks, many have voiced the need for greater efficiency in handling high-volume, repetitive loan servicing processes. We’ve identified three compelling reasons why community banks are
...
Though there was an uptick last year after a dramatic fall in 2020 due to the COVID pandemic, auto sales remain anemic. Combined with the still-recovering auto components supply chain,
...
In-house processing was once one of the few effective options for banks, credit unions, and other lenders to manage their end-to-end lending processes. However, the lending industry has changed, and
...
The ease of committing fraud using online resources has made banking fraud detection necessary for loan origination.
...
What are the straw buyer red flags that lenders can use to identify fraud and prevent it from hurting portfolio performance? Any one or more of these characteristics are often
...
(Visited 19,097 times, 11 visits today)
