Determining the True Cost of CRM Ownership

Determining the True Cost of CRM Ownership

When considering the initiative to implement a new CRM for your business, it is always a good idea to consider the many factors that combine to form the “True Cost of Ownership”. When most people think of the cost of ownership, they will often consider only the...

Manual Underwriting Means More Risk

Manual Underwriting Means More Risk

Underwriting Software is Essential for Lenders An efficient underwriting process is essential to every type of lender. It ensures that applications are processed quickly, risk is evaluated adequately, and prices and terms are set to maximize profit and minimize...

Four Key Benefits of a Loan Management System

Four Key Benefits of a Loan Management System

The lending market is highly competitive and fast-paced, and no matter the size of the lender or the types of products, increasing profits and outdoing the competition is what leaders in the lending industry constantly strive for.  Automation is one of the most...

Inefficient Underwriting Means More Risk

Inefficient Underwriting Means More Risk

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...

Measuring Software ROI

Measuring Software ROI

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...

Loan Origination: The Seven Stages

Loan Origination: The Seven Stages

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

Top 4 Features of a Mortgage Lending Software Solution

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...

Top 7 Features of a CDFI Loan Servicing Software

Top 7 Features of a CDFI Loan Servicing Software

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...

Is Salesforce Financial Services Cloud Right for My Business?

Is Salesforce Financial Services Cloud Right for My Business?

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...

How Lenders Can Mitigate Fraud in Challenging Times

How Lenders Can Mitigate Fraud in Challenging Times

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...

Post-COVID Communications for Financial Services

Post-COVID Communications for Financial Services

Curious how to navigate communications in a post-Covid landscape? "As nations struggle to balance a safe return to economic productivity, the livelihoods of millions will be affected – but the financial sector can help to ease people's anxieties." With that being the...

How did the pandemic change the future of lending?

How did the pandemic change the future of lending?

Under normal circumstances, businesses facing financial hardship have a number of options to help weather the storm. The financial stresses of the Covid-19 pandemic, however, are far from normal. So, what does this mean both for lenders and borrowers? Disruptions...

Borrowers Still Hold Misconceptions About Alternative Lenders

Borrowers Still Hold Misconceptions About Alternative Lenders

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...

How Can You Help Your Clients Be Better Borrowers?

How Can You Help Your Clients Be Better Borrowers?

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...