Many lenders use CPI for their consumer loan portfolios, unaware of potential ramifications they may face if their programs are not administered...
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.
Industry-wide, credit scoring is becoming automated, but is the auto-financing world is ready to give up all human interaction to autonomy?
Unitas Financial announced a new bundle of Blanket Insurance Products designed to cover the risk a lender carries in their collateralized portfolio