A lender must determine the loan to value ratio and what they could sell the collateral for in order to mitigate their loss if the loan defaults
Why is it that simple change can be so difficult to embrace? Is it often difficult for a community lender to let go of these old-school processes?
As new vehicle sales prices continue to rise, many lenders are feeling the pain in the way collateral protection premiums are calculated.
Only few are familiar with alternative blanket coverage designed to protect the lender’s commercial equipment portfolio in cases of lapsed insurance...
Now that blanket protection or VSI is available, many lenders are trying to choose between CPI and VSI. Is your institution ready to simplify loan...
Industry-wide, credit scoring is becoming automated, but is the auto-financing world is ready to give up all human interaction to autonomy?