Competition is getting tougher in the lending industry, and credit unions aren’t insulated from such difficulties. Rising interest rates and …
LOAN PIPELINE MANAGEMENT EXPLAINED
In essence, a loan pipeline is simply a sales pipeline that pushes loans through pre-qualification to loan funding. Like sales …
UNDERSTANDING DISPARATE IMPACT IN LENDING
Most lenders are well-versed on what discrimination looks like and how to prevent blatant forms of it from occurring within …
IMPLEMENTATION CASE STUDY: ENTERPRISE BANK
A top 50 publicly traded U.S. enterprise bank with more than $30 billion in assets decided to enter the indirect …
UNDERSTANDING AUTO LOAN ORIGINATION DATA TO DRIVE BETTER BUSINESS INSIGHTS
The Federal Reserve Bank of St. Louis recently noted that the consumer price index (CPI) for both new and used …
INNOVATION IN AUTO LENDING: KEY CONSIDERATIONS
Technological innovation in auto lending has greatly enhanced customer experience in the sector. While many auto lenders have already automated their originations process, the servicing side often gets overlooked.
THE ADVANTAGES OF AN AUTOMATED LOAN PROCESSING SYSTEM
Automated loan processing systems deliver a better customer experience. Want better quality lending decisions and analytics for continuous improvement? Read on.
LOAN ORIGINATION PROCESS EXPLAINED (AND HOW TO IMPROVE EFFICIENCY)
Businesses are always looking to make their operations more efficient, and it’s no different for consumer lenders. Because of its significance early in the lending process, the introduction of technology often starts with loan origination.
DIGITAL ORIGINATION SOLUTIONS – SPEED UP YOUR APPROVAL PROCESS
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 customers additional services while making their operations more efficient.
THE ONLY AUTO LOAN ORIGINATION SOFTWARE YOU WILL EVER NEED
Lenders who use a modern, cloud-based software solution have an advantage over competitors still using traditional paper processes or even legacy systems when it comes to auto loan originations.
