Identity compromise has the potential to ruin an organization, not to mention the lives of those whose identities have been compromised. It is the number one attack vector for hackers and online criminals. Because of this, many companies are considering the implementation of more stringent security measures such as MultiFactor Authentication (MFA).
There is no denying the fact that automation can be extremely beneficial to businesses. It can help increase efficiencies by reducing human error, reducing operational costs, and speeding up cumbersome workflows and processes.
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.
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.
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!
