Regardless of the industry, the number one thing I hear from lenders is that they want more automation.
Coming from the subprime auto lending world, I know just how difficult it can be to obtain required stipulations from dealers and their customers.
The loan origination process can be labor intensive.
Wow.. two years have gone by in the blink of an eye… that’s right, we have recently completed two years in operation as Launcher! ….and it has been an amazing two years with the support of our solid team, clients, partners, and investors. They all believed in our vision and trusted their future with Launcher.
The relationship, between a lender and its dealer base can be fragile and should be handled with care. It benefits lenders and their dealers to foster a strong business relationship in which both parties have equal give and take.
The process of underwriting loans is not an easy one.
We’ve touted it before…one-size-fits-all is not true for banks, credit unions, and lenders. What is good for one lender is NOT always good for another.
While it may be impossible for your business to eliminate all paper, every little bit counts towards monetary savings and increased efficiencies. Let’s look at some stats provided by www.epa.gov. (Or you can skip the stats and just read about what is in it for you by GOING GREEN!)
As a lender, you are probably always looking for ways to reduce costs, without having to sacrifice quality. In a world where dealers tend to “shotgun” applications to every single lender, irrespective of their program guidelines (okay, not all dealers do this, but enough that your Look-to-Book ratio is probably bleeding a little), lenders are
Every day, more and more companies are adopting e-signatures. It only makes sense when you consider the multitude of advantages to making the switch. You may be wondering what advantages I am talking about… Well, read on and wonder no longer!