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A Wave of Defaults Coming?

Pactola

TransUnion is reporting that around three million auto loans and 15 million credit cards are in some forbearance plans. This has the impact of moving credit scores higher at a time when payments are not being made. First you can move staff you have internally to manage the problem credits. Black Knight reports that 4.75

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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. Dynamic market Small business lending by banks & credit unions Small businesses are a pillar of the U.S.

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For faster loan origination, stop doing this

Abrigo

How to close more loans by speeding up lending and credit analysis Seeking a quicker loan origination workflow is worth it. WATCH Takeaway 1 A critical look at the existing steps for loan requests and credit underwriting helps uncover ways to offer faster loan decisions. Learn where to find opportunities for improvement.