An efficient underwriting process is essential to alternative lenders. It ensures that applications are processed quickly, risk is evaluated accurately, and prices and terms are set appropriately. Without a sound underwriting process in place, alternative lenders...

6 Factors to Consider When Measuring Software Return on Investment (ROI) Software purchase is an integral part of the alternative lending finance industry in order to maximize profits and fund more loans quickly. However, great software can easily become very...

When it comes to the loan origination process, every firm uses its own unique procedure. From the software used to the quality control steps an organization requires before funding, each uses a process that works for its own needs and the needs of the clients they...

Top 4 Features of a Mortgage Lending Software Solution The worldwide lending market is expanding at a tremendous rate with a compound annual growth rate of 13.5%. However, one can become overwhelmed when looking at loan servicing software options. A unified platform...

Community Development Financial Institutions, or CDFIs, provide loans to individuals, families, and small businesses. These innovative, inclusive lending programs are helping underserved urban and rural areas one loan at a time. CDFIs can effectively serve their...

Maintaining a competitive edge in today's alternative industry is not an easy undertaking. If a company is to succeed, it must place a high value on its relationships. It is, however, very different in today's commercial world to manage and preserve these...

At Fundingo, we’ve seen a dramatic shift in customer expectations during the pandemic. Even in a post-COVID/COVID safe world, people will still want to continue the digital conveniences that helped us all get through this difficult time. Increasingly, there is a...

Sourced through Scoop.it from: www.lendacademy.com Lenders are facing some extraordinary times right now as they try to prepare for the months ahead. Hopefully these tips, along with technology solutions and developments can stay...

The economic crisis is causing more and more businesses to seek additional funding. Many individuals who are beginning their search still have long-held misconceptions about what makes them a good candidate for a loan. So, what do some of those misconceptions look...

To most borrowers, getting a mortgage sounds simple enough. So why do so many of them drop off between approval and closing? As it turns out, lenders often forget how mysterious the process may appear to new borrowers. A change in income or debt can disqualify...

  How Tech Solutions are Changing Lending If you work in lending, you may have noticed that technology is changing the landscape of how we operate. Perhaps you’ve encountered buzzwords such as ‘Automation’, ‘FinTech’, and ‘SaaS’. These terms represent more than...

  Choosing the right software for corporate support can be an overwhelming task, particularly when it is related to your core service. It is essential to understand the requirements of your business and only then proceed in a programmed manner to make the right...