Reviewing your lending institution’s collateral protection policies may not be at the top of your priority list.
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?
Industry-wide, credit scoring is becoming automated, but is the auto-financing world is ready to give up all human interaction to autonomy?
Insurance rates in every sector have risen substantially in recent years, outpacing inflation by a good margin. Here’s a look at some of the stats.
Gone are the days of predominantly three- to five-year loan terms. Nowadays, most loans are made with terms of five to seven years.