Investing in Technology During a Recession is a Sound Financial Decision
Financial experts are debating whether or not the US is entering a recession. While the jury is out, many companies have already started cutting down on their workforce and investments in preparation for hard financial times. It is important to highlight that...
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
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
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
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
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 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
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?
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...
Large Fintech Companies Helping to Normalize Revenue Based Financing
With business increasing for wide-reaching financial technology companies like Square, Paypal, and Shopify, this has brought more attention to revenue-based financing products like the ones they offer. Henry Abenaim, Founder and CEO of Fundingo, said that it brings...
Fundingo Recognized in 2021 Salesforce Partner Innovation Awards
Billd Transforms its Business with Fundingo and Salesforce Fundingo recognized in Salesforce Partner Innovation Awards Los Angeles, October 11, 2021 – Fundingo announced that it has helped Billd transform its business by transitioning them to a fully digital credit...
CloudMyBiz Inc. Appoints Mike Walsh As CEO
Los Angeles, October 20, 2021. CloudMyBiz is pleased to announce Mike Walsh as its new CEO. An experienced director and leader, Walsh will guide the team in its mission to create efficient, custom Salesforce CRM solutions to businesses across North America along with...
Fundingo Teams Up with TValue
Fundingo teams up with TValue to expand financial capabilities within the lending industry Fundingo is pleased to announce new integration capabilities with TValue, the flagship product of TimeValue Software, Inc., allowing businesses using Salesforce within the...
The Amazing Customer Experiences You (and Your Customers) Have Been Dreaming About are Closer Than Ever.
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...
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
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?
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
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...