BLOGS

Though there was a recent uptick, U.S. vehicle sales dipped at the end of 2023. Combined with the still-recovering auto...

In the financial industry, lenders use credit underwriting to assess the creditworthiness of borrowers. Advances in artificial intelligence (AI) make...

Information technology (IT) has transformed all aspects of the lending sector, streamlining processes to benefit both lenders and borrowers. Banks, credit unions, and other lending institutions can now offer their...

Harnessing machine learning models for loan approval prediction is on the cutting edge of lending technology. These models can learn...

Loan applications are often sent to multiple lenders simultaneously. The action is called loan stacking, and it can help address a legitimate need for quick funding, or to perpetrate a...

Community banks are unlike any other financial institution. They truly understand the individual needs of small businesses and the community...

Lenders face an uncertain financial market in a constantly changing global economy. To negotiate this dynamic milieu, lenders need to...

Banks and credit unions face economic uncertainty, evolving regulatory requirements, and technological disruptions in their credit operations. Credit risk assessment...

Auto loan delinquency rates have reached their highest levels since the 2008 recession, according to a report by S&P and...

In an account takeover, an individual or well-organized cartel obtains access to a consumer’s account, changes login credentials or personal data, then makes unauthorized transactions using that account. Unauthorized purchases,...

High inflation, rising interest rates, increasing consumer debt, supply chain issues, and the most significant conflict in Europe since World...

To enhance the borrower experience, lenders can use a variety of strategies. One strategy is to use technology to automate...