BLOGS

Insights into Modern Lending

 

Lenders heavily rely on borrowers' willingness and ability to repay loans in order to generate profits. To assess these factors accurately, lenders require reliable information and the ability to analyze ...
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The consumer lending sector has largely recovered from the pandemic, though COVID made a significant mark on the technology lenders use. The lending industry had lagged in its use of ...
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Competition is getting tougher in the lending industry, and credit unions aren’t insulated from such difficulties. Rising interest rates and inflation have made consumers wary of spending more than they ...
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In essence, a loan pipeline is simply a sales pipeline that pushes loans through pre-qualification to loan funding. Like sales pipelines, it involves leads, and to be successful, it’s critical ...
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Most lenders are well-versed on what discrimination looks like and how to prevent blatant forms of it from occurring within their portfolios. Yet to properly comply with fair lending regulations ...
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Five loan servicing challenges in 2023
A top 50 publicly traded U.S. enterprise bank with more than $30 billion in assets decided to enter the indirect auto lending market after another enterprise lending institution shuttered its ...
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It began in March 2023, when Silvergate Bank in California stated it was closing its doors. Silicon Valley Bank (SVB) was closed two days later by US regulators after a ...
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North America's largest captive lender, with a portfolio of over $50 billion in auto loans, had an opportunity to provide loan origination and servicing for a smaller private-label original equipment ...
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The economic situation in the United States has been rather frenetic over the past four years due to a number of unforeseen factors. The quick recovery from pandemic-related economic pressures ...
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Asset finance technology can help consumer lenders improve the flexibility of their products, whether they’re vehicle loans or leases or equipment, machinery, or any other asset-backed consumer lending product. For ...
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loan servicing software community bank small business
Looking ahead to the new year, banks, credit unions, and other lenders are reevaluating how they respond to unexpected economic conditions. In 2020, these institutions were challenged by the need ...
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Fintech is being used to automate many processes within the financial services industry, with the auto lending sector being no exception. These automated solutions are used throughout the end-to-end auto ...
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