Tag: Lending

What’s Conversion Got to Do with It? Converting the Maximum Amount of Leads

When you add up the high costs to assess the risk of applicants, with lead purchasing becoming more competitive and the quality of leads becoming harder to verify with traditional methods, the financial returns are often outweighed. In fact, the odds are likely that you’re spending too much on poor-performing leads. Too often we see […]

Why You Need A Lending Autofunding Strategy

Today, Americans have nearly all but shifted their buying to online. With this shift many lenders have adapted to fully digital experiences. Lenders utilizing alternative credit data as part of their autofunding strategy are staying ahead. Lenders must be in tune with today’s consumer behavior, continuously improve and adapt the user experience they deliver to […]

The Small Dollar Lending Rule: Make the Most of Your Two Attempts

The Consumer Financial Protection Bureau (CFPB) originally passed the Final Rule on the Payday, Vehicle Title, and Certain High-Cost Installment Loans in 2017. The rule is also referred to as the Payday lending Rule or  Small Dollar Lending Rule. In 2020 the final rule was issued, removing the underwriting requirements but still mandating the payment provisions. The payment provisions prohibit […]

Assessing Credit Risk: The Five-Step Risk Management Process

In the world of finance, prioritizing risk management is crucial. The evaluation of risk involves identifying potential hazards, how likely they are to happen, and how you can best prevent them. When lenders are evaluating the risk associated with credit, the ultimate goal is to see how likely it is that the consumer will repay […]