Coming from the subprime auto lending world, I know just how difficult it can be to obtain required stipulations from dealers and their customers.Read more
The loan origination process can be labor intensive.Read more
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.Read more
The process of underwriting loans is not an easy one.Read more
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!)Read more
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 lenders do this, but enough that your Look-to-Book ratio is probably bleeding a little), lenders are left to foot the bill.Read more
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!Read more
Bookouts are an unavoidable cost for automotive lenders during the origination process.
If lenders hope to protect themselves against extreme losses, it’s a sure bet they are pulling a bookout on a contract’s vehicle that they will potentially purchase. Whether it is during the underwriting process or the verifications process, this is an expense that any risk-adverse lender is stuck with.Read more
LAUNCHER.SOLUTIONS Introduces appTRAKER launchPAD: A Budget-Friendly Loan Origination System for Small LendersWebmaster June 4, 2019
Jacksonville, FL: Today, LAUNCHER.SOLUTIONS (“Launcher”), a technology provider specializing in loan originations, announced the release of its new product offering, appTRAKER launchPAD. launchPAD is a loan origination system packaged with all of the essential features necessary to propel startups and small lenders off the ground.Read more
We’ve all been there…
You fight tooth and nail for a deal, going above and beyond the program guidelines. You call the dealer asking them to send in the contract and after a few days, you still haven’t received it. Mr. Dealer promises that he sent it to you this morning.Read more