Technology has redefined lending. Modern digital lending platforms allow financial institutions of every size the ability to move faster, cut …
TRUTH IN LENDING ACT FOR AUTO LOANS
Passed in 1968, the Truth in Lending Act encourages accuracy among consumer lenders by requiring they disclose certain terms when offering a loan. Modern lending platforms can support an auto lender’s compliance with this act and associated regulations.
NAVIGATING LOAN ORIGINATION SYSTEM INVESTMENTS
Information technology (IT) has transformed the way modern lending works. Fincos, banks, and credit unions have access to more lending solutions than ever thanks to the latest advances in technology. From cloud-based loan origination software (LOS) to predictive data analytics, you can do more when you invest in modern lending systems.
HOW TO AUTOMATE LOAN LIFECYCLE FOR AUTO LENDERS
The auto lending process typically spans multiple stages: application intake, document collection, credit decisioning, funding, and servicing. Each step involves …
LENDING RISK ANALYSIS: KEY CONSIDERATIONS
In Q1 2025, total household debt in the U.S. rose by $167 billion—a 0.9% increase from the previous quarter—bringing the …
IMPROVING YOUR LOAN ORIGINATION EXPERIENCE
The loan origination process is often the first real test of a lender’s relationship with a customer. A clear, responsive, …
IS IT TIME TO UPGRADE YOUR AUTO LENDING PLATFORM?
If you can’t remember when your current auto lending platform was originally implemented, it’s probably time to consider an upgrade. Technological improvements in recent years deliver functionality that dramatically improves loan origination efficiency, lowers overall processing costs, and supports well-informed lending decisions.
LOAN MANAGEMENT TRENDS FOR BANKS, 2025
Loan management has advanced significantly in the last five years. It used to involve juggling spreadsheets, printing statements, mailing notices, …
WHY YOU NEED VEHICLE LEASE MANAGEMENT SOFTWARE
The vehicle leasing market is shifting into high gear. Globally, it’s projected to grow from $596.4 billion in 2025 to …
HOW TO IMPROVE INDIRECT AUTO LENDING FOR CREDIT UNIONS
Often, one of the biggest mistakes we see credit unions make in their indirect lending strategy is they try to …
HOW TO SELECT THE BEST LOAN SOFTWARE FOR CREDIT UNIONS
Credit union lending is on the rise. In Q1 2025, total loan balances reached $1.65 trillion—a 3.3% year-over-year increase across …
LOAN APPLICATION FRAUD DETECTION BEST PRACTICES
According to a recent Point Predictive report, fraud exposure in 2025 is estimated to be larger this year than it …
