BLOGS
Insights into Modern Lending
Many dealers and lenders are on their digital lending journeys. For them, refining to best suit their unique end-to-end loan origination life cycle is the next step in the ongoing
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Loan origination businesses face a myriad of challenges, including market volatility that can impact borrower demand and creditworthiness, affecting loan origination volumes and profitability. Moreover, intense competition within the industry
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The current state of the auto loans and auto lending industry reflects a mix of opportunities and challenges. The sector faces challenges such as rising vehicle prices, which have led
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Today’s financial technology (fintech) has helped relieve lenders of manual financing processes, decreasing delays and eliminating human error. The finance industry uses technology to simplify applying for a loan while
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A modern loan origination system (LOS) is critical for financial institutions to manage the entire loan lifecycle efficiently and effectively. In the face of changing technology and market dynamics, modern
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Lenders' main loan pricing models include cost-plus loan, price leadership, and risk-based pricing models. Each pricing model offers unique benefits and drawbacks, allowing lenders to adapt their strategies based on
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The Federal Reserve Bank of St. Louis recently noted that the consumer price index (CPI) for both new and used vehicles declined in March 2024, after surging in 2022 and
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A loan origination system (LOS) is a crucial tool for lenders because it streamlines and automates the entire loan application and approval process, from initial inquiry to loan disbursement. By
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Lenders are facing many credit underwriting challenges, such as the evolving landscape of borrower profiles and economic conditions. With alternative credit data and changing demographics, traditional underwriting models may struggle
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Using alternative credit data in credit underwriting can help lenders better understand a borrower's creditworthiness, especially for those with limited or no credit history. Underwriting should include non-traditional data sources
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Building a scalable loan origination system design involves several key considerations to ensure efficiency, reliability, and flexibility as your user base grows. Here's a guide on how to build a
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The auto loan origination market is changing rapidly, fueled by an increasing demand for streamlined solutions. Lenders want automated solutions that can improve operational efficiency, reduce processing times, scale to
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