Ever-increasing competition in the lending market and high cost of borrowing involved highlighting a need for more business players to follow agile practices. A lending business that supports a customer-centric approach by including technological integrations and innovations enjoys an edge above the rest. Thus, NBFCs must embrace smart technology. Today’s borrowers are high maintenance and […]
How to Find the Right Loan Origination System for a mid Sized Operation?
One of the most crucial stages in the process of loan servicing, loan origination, has seen a revamp in recent times. UI design and service delivery have become essential considerations for lenders choosing loan origination systems for their lending platforms. A lender’s choice of loan origination process is what makes them different from the rest […]
Here’s How RPA Can Boost Loan Origination Process
As the times evolve, borrowers become more and more demanding about the kind of conveniences that a lending business offers. Not only do they hope to enjoy seamless and hassle-free access to loan products and services in accordance with their needs, but they also gain access to these services at their preferred place, time, and […]
How Data-backed Strategies Help with Profitable Loan Collections
Lending businesses today are hopeful of achieving enhanced productivity, earn customer advocacy and bring home higher returns thanks to the digital revolution that is fast unfolding. Emerging technologies in the fintech world have resulted in improved transparency and regulatory compliance. We can see a handsome impact on consumer debt collection landscape in the market, due […]
Key Things to Consider when Investing In a Lending Management System
A lending management system can turn around the way the business runs at a lending firm by streamlining the core business functions at the company. Regardless of the size of the lending business, a quality loan servicing software can not only save time and money for a business but also please the end customers of […]
Stages in Loan Origination Process Explained
Loan Origination Process is the initial and most crucial stage in loan servicing. With a renewed focus on customer engagement & satisfaction, lenders are concentrating on the elements of design & delivery that fulfil customers’ expectations first. The process differs for every lending company. All lenders are free to choose a loan origination process that suits […]