BLOGS
Insights into Modern Lending
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
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The ease of committing fraud using online resources has made banking fraud detection necessary for loan origination.
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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
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It’s the last day of the month at an auto dealer. While the dealer’s numbers are good, they would like one more deal to make it a record month. The
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When any new technology becomes available, there are always advocates and detractors of its use. While innovative lending technology offers many benefits, it also often disrupts how business is done.
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Bank services and processes have been largely digitized. These days, it’s not even necessary for a bank’s customers to visit a branch. Yet one service on which many banks can
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Countless auto loan applications are processed monthly. With today’s technology, some lending decisions are near-instantaneous, either automatically approving or declining. These decisions are aided by lending software that automates decision
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Alternative credit scores are based on data that isn’t typically tracked by the three major bureaus, like income, utility and rate payments.
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Unprecedented technological advances in the last decade or so have driven efficiency in the auto industry. Design, prototyping, and manufacturing techniques, along with innovations like voice recognition, built-in GPS, adaptive
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With auto sales down from last year and interest rates rising, lenders are looking for the best available options to build a profitable portfolio. In the auto lending industry, there’s
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Salesforce has developed a lending solution built on its CRM platform. Financial services providers that have invested in Salesforce and want to start or improve lending will probably kick the
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Auto lenders have many underwriting compliance requirements. They also need efficiency and profitability. New lending technology can help them do it all.
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