Finance Company Industry News
Learn the latest Finance Company Industry news and information about Lendsys loan decisioning software
With over 5,000 charters and in the neighborhood of 35,000+ branches and distribution points covering every community in the US, why are we not dominating? Because we are all individually (not collaboratively) trying to reinvent the wheel. Here are a few thoughts on how we could reverse the non-collaborative trend and really get on track to dominate the US financial services “industry”.
After several years of steady loan growth in most consumer loan segments, most financial institutions have started to see loan originations beginning to level off and slow down. In light of stable and potentially continually decreasing interest rates from the Fed, and with CECL compliance in the wings, financial institutions need to be implementing processes that increase quality loan production with an eye towards being able to weather any potential economic downturn.
If your 2019 Strategic goals and objectives include meeting any of the bullet points below, become fully informed about how the proven CU Lending Edge platform can help: Are you planning to increase loan growth? Increase Member Growth? Reduce pressure on...