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.
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autoBOUGHT: Your Virtual Underwriter
Webmaster March 4, 2020Regardless of the industry, the number one thing I hear from lenders is that they want more automation.
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Having Trouble Getting Those Stips?
Webmaster November 26, 2019Coming from the subprime auto lending world, I know just how difficult it can be to obtain required stipulations from dealers and their customers.
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It’s the Little Things That Add Up to a More Efficient Originations Process…
Webmaster October 8, 2019The loan origination process can be labor intensive.
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How Can Lenders Build Better Relationships With Their Dealers?
Webmaster September 6, 2019The 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.
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We’ve Got Your Easy Button
Webmaster August 28, 2019The process of underwriting loans is not an easy one.
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Go Green and You Just May Make More Green!
Webmaster July 31, 2019While 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!)
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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 left to foot the bill.
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E-signing…It IS worth it!
Webmaster June 25, 2019Every 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!
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Save on Bookout Costs? Don’t Mind if I Do!
Webmaster June 11, 2019Bookouts 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.
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