BLOGS

Insights into Modern Lending

 

auto loan servicing
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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Auto Loan Delinquency Statistics
The ease of committing fraud using online resources has made banking fraud detection necessary for loan origination. ...
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community bank lending workflow
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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community bank lending workflow
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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alternative data credit
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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digital lending customer journey
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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Auto Loan Delinquency Statistics
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 let lenders assess every applicant from a different perspective
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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community bank lending workflow
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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Your auto loan risk management strategy should include fraud recognition, alternative credit data for quality decisioning, and portfolio risk factor analysis.
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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Auto Loan Delinquency Statistics
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.
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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