Resources

Automated Collection Process & Strategy Recessions aren’t anything new. 1999 heralded the beginning of the dot-com bust. 2008 brought the housing and sub-prime loan crash. And today, even though the country is starting to emerge from the coronavirus lockdown, the 2020 recession is expected to be the worst since the Great Depression.

Replay highlights from our conversation with former President of Marlette Funding, Josh Tonderys

Digital Lending Solution Modellica Engage helps organizations thrive in the online digital lending world

Alternative Credit Scoring Models Used By Banks & Lenders Credit scoring services have long used similar criteria. While banks and lenders have relied on traditional credit scores to assess the risk of a loan, these older methods exclude a major portion of the market.

The cost to acquire new customers will vary based on channel, the products a lender offers and other factors.

Our members, consumers, business partners, regulators and, yes, even banks rely on a strong and thriving credit union community. They provide financial stability, regulate for-profit pricing, provide jobs, launch businesses, build wealth, and more. It’s a great weight to bear, but credit unions are perfectly suited for the challenge.

Risk analytics software often ends up as an essential cog in a digital lending program because it allows for the automation necessary to create positive customer experiences.

GDS Link’s Credit Bureau Attribute Set provides national and consumer financial institutions with a set of 1,000+ normalized credit bureau attributes aligned with the three national US consumer credit bureaus.

Digital transformation initiatives have been sweeping through the financial services space, but as banks and credit unions have explored the movement, many are finding their old ways of leveraging technology aren't up to the task.

Using an alternative credit score methods to evaluate borrowers is a growing trend. Risk analytics solutions empower lenders to gather data from a wide range of sources to assess borrowers and identify risk factors associated with a loan.

Alternative forms of lending rely heavily on automation, and thus greater care is needed to ensure compliance regulations are being implemented and followed.