News & Insights

News

Lending data and technology connecting community banks with underserved customers.News

Adapting to Serve: Leveraging Technology to Connect with Financially Underserved Customers

By Brad Tompkins Lending Data and Technology: Empowering Underserved Customers In April, the Federal Deposit Insurance Corp. (FDIC) unveiled a revised economic inclusion plan aiming to advance financial stability by…
OmniaText SMS platform interface displayed on a smartphone screen with icons for secure, streamlined messaging options.News

Vergent Introduces OmniaText SMS Platform to Elevate Customer Communication for Lenders

Vergent LMS Launches OmniaText: Transforming Communications for Lenders Ridgeland, Miss., November 13, 2024 – Vergent LMS, a leading provider of loan management solutions, has introduced OmniaText, a robust communication platform…
loan origination lifecycleNews

Vergent CIO Interviewed on Bankadelic Podcast Episode 168

A Fintech Leader Levels the Lending Playing Field for Banks and Consumers From the studios of Karma Productions Worldwide in Chicago, Wall Street Journal Contributor and Bankadelic Podcast host, Lou…
Vergent Launches OmniaPayNews

Vergent LMS Launches OmniaPay

Vergent LMS Launches OmniaPay: Revolutionizing Payment Processing for Lenders Ridgeland, Miss., July 17, 2024 – Vergent LMS, a leader in lending management solutions, has launched OmniaPay, a cutting-edge payment processing…
loan collectionsNews

Vergent LMS Partners with AvanteUSA

Vergent LMS Partners with AvanteUSA to Offer Collection Services to Lenders Ridgeland, Miss., March 4, 2024 – Vergent LMS, a premier fintech lending platform, announces a strategic integration partnership with…
Vergent LMS Partners with EdgeNews

Vergent LMS Partners with EDGE

Vergent LMS Partners with EDGE to Deliver Open Banking Credit Risk Insights to Lenders Ridgeland, Miss. & Chicago, IL, February 7, 2024 – Vergent LMS, a premier fintech lending platform,…
Fintech Confidential InterviewNews

Vergent CIO Appears on Fintech Confidential Video Podcast

Lenders Struggle to Keep Up Fintech Confidential One-on-One | Sep 10, 2023 -- Brad Tompkins, the Chief Information Officer of Vergent LMS, Reveals How Technology is Revolutionizing the Lending Industry.…
Vergent LMS Hosts 2023 User ConferenceEventsNews

Vergent LMS Hosts 2023 User Conference

Vergent LMS to Host 2023 User Conference for Consumer Lenders in New Orleans' French Quarter   July 06, 2023 Vergent LMS, a premier fintech lending platform, announced its highly anticipated…
MariaDB Wavemaker AwardNews

Vergent LMS Wins MariaDB Wavemaker Award for SaaS Application of the Year

Ridgeland, Miss., May 9, 2023 - Vergent LMS, a premier fintech lending platform supporting more than 20,000 customers and services with more than $690 billion in loans, has been selected…
Vergent LMS partners with Decision LogicNews

Vergent LMS Partners with DecisionLogic for Advanced Verification

Vergent LMS Partners with DecisionLogic to Offer Advanced Verification Services to Lenders   March 16, 2023 Vergent LMS, a premier fintech lending platform, will now offer advanced verification services and…
loan origination lifecycleNews

Vergent CIO Interviewed on Bankadelic Podcast

COVERING THE LOAN ORIGINATION LIFECYCLE -- From the Money Pot stage at Money20/20 in Las Vegas, Wall Street Journal Contributor and Bankadelic Podcast host, Lou Carlozo, chats with Vergent CIO…
inc 5000 listNews

Vergent Lands on the Inc. 5000 List for a Seventh Year

Vergent Lands on the Inc. 5000 List for its Seventh Year   June 7, 2022 Once again, Vergent has been recognized as one of America's fastest-growing privately held companies and…
Vergent LMS partners with CRSNews

Vergent LMS Empowers Data-Driven Decisions with CRS Partnership

Vergent LMS Empowers Data-Driven Decisions with CRS Partnership   June 28, 2022 Vergent LMS, a premier fintech lending platform, announced that it is partnering with CRS, the single platform for…
Vergent LMS partners with TCNNews

Vergent LMS Unveils TCN-Powered Communications Upgrade

Vergent LMS Announces New Communications Capability Powered by TCN   May 17, 2022 Vergent LMS, a premier fintech lending platform, announced that it is partnering with TCN, Inc., a global…
Vergent LMS partners with Rely CreditNews

Vergent LMS Announces Newest Client, Rely Credit

Vergent, a premier fintech lending platform, is proud to announce that they have signed Rely Credit as its newest lending client.   April 19, 2022 Rely Credit specializes in bilingual…
LeAnn Cotten joins Vergent LMSNews

LeAnn Cotten Joins Vergent LMS as VP of Sales and Vendor Management

April 12, 2022 As Vice President of Sales and Vendor Management, Cotten will oversee the sales team and oversee coordinating sales efforts with various departments. Cotten will be responsible for…

Blogs

Differentiate your Lending with Personal LoansBlogs

How Lenders Can Differentiate Themselves Using Personal Loans as a Competitive Advantage

Differentiate your Lending with Personal Loans In today’s competitive lending market, standing out is more critical than ever. Lenders are under constant pressure to offer unique value propositions to capture…
borrowers enjoy the convenience of mobile-first lendingBlogs

The Rise of Mobile-First Lending

Mobile Lending is a Game Changer for the Financial Industry The financial services industry is undergoing a profound transformation driven by digital innovation, reshaping how lenders and borrowers connect. Among…
how do payday loans workBlogs

How Do Payday Loans Work? A Quick Guide to Understanding Quick Cash

How Do Payday Loans Work, A Quick Guide To Understanding Quick Cash Payday loans are a form of short-term borrowing designed to help individuals bridge the gap between paychecks. They…
A team collaborating on loan servicing software implementation strategies with laptops and documents on a conference table.Blogs

Top Three Keys to Successful Implementation of New Loan Servicing Software

Loan Servicing is the Backbone of any Loan Management System Switching to new loan servicing software is a pivotal decision for lenders. A smooth transition requires strategic planning, thorough preparation,…
A frustrated lender navigating outdated loan servicing software with an intuitive, modern interface in the background.Blogs

5 Reasons Your Loan Servicing Software is Letting You Down

Why Loan Servicing Software Matters For lenders, loan servicing software is a cornerstone of daily operations. It handles the critical functions of managing loans and customer accounts, from tracking balances…
A digital lending SaaS platform interface showcasing automation and scalability for financial institutions.Blogs

SaaS is Revolutionizing the Future of Lending in the Digital Era

Introduction: How SaaS is Transforming Lending The financial services sector has experienced a seismic shift with the rise of Software as a Service (SaaS). Lending SaaS platforms like Vergent LMS…
A modern digital lending platform interface showcasing integrated loan origination and underwriting tools for streamlined workflows.Blogs

Why Integrated Loan Origination and Underwriting Solutions Are Essential in Digital Lending

Why Using A Loan Management System Without Origination and Underwriting Doesn’t Cut It As financial institutions strive to adapt to digital transformation, challenges in lending often arise during the critical…
developer coding loan management systemBlogs

7 Factors to Consider When Building or Buying Loan Management Software

Introduction The decision to build or buy loan management software (LMS) is a significant one for lenders aiming to grow, innovate, and compete effectively. While building an in-house solution offers…
Developer working on a custom loan management software interface."Blogs

Is Building a Loan Management System the Right Choice for Your Business?

Pros and Cons of Building a Loan Management System Deciding whether to build or buy a loan management system (LMS) is a critical choice that can impact your organization’s efficiency,…
Business professional reviewing loan management software dashboard on a laptop.Blogs

Guide to Buying Loan Management Software: Advantages and Ideal Fit

When you buy loan management software, you're not just purchasing tools for automation. You’re gaining access to streamlined lending processes, simplified compliance, and a system that can adapt to the…
lending automationBlogs

Why Lenders Are Embracing Lending Automation

Lending automation is revolutionizing the way financial institutions manage their lending cycles, enhancing efficiency and improving customer satisfaction. Automated platforms combine artificial intelligence (AI) with rule-based automation to streamline key…
seamless lending experienceBlogs

Building a Seamless Lending Experience: The Importance of Comprehensive Software Solutions

In today’s fast-paced, highly competitive lending environment, providing a smooth, seamless lending experience for both lenders and borrowers is more important than ever. Lenders are expected to offer not only…
Automated loan origination and payment processingBlogs

The Role of Automation in Modern Lending: Insights from Vergent’s Installment Loan Solutions

Automation is revolutionizing the lending industry, providing a game-changing edge for lenders by streamlining operations, improving accuracy, and allowing institutions to focus on customer service. As the financial landscape evolves,…
digital loan origination processBlogs

Navigating the Digital Loan Origination Process

The digital loan origination process is being transformed by breakthrough financial technology, benefiting both borrowers and lenders. Digital lending has emerged as a reliable solution for streamlining loan applications and…
Vergent LMS lending compliance dashboardBlogs

How Vergent LMS Simplifies Lending Compliance

Compliance in the lending industry is a complex, ever-changing challenge. Lenders must navigate numerous regulations, balancing business growth with the need to avoid legal risks. From federal laws to state-specific…
streamline installment loansBlogs

Streamlining Installment Loans: A Deep Dive into Vergent’s Comprehensive Software

Streamlining Installment Loans - Installment loans are a fundamental offering for many lenders, providing borrowers the flexibility to repay large sums over time. From personal loans to mortgages, this loan…
Consumer lending business setup with Vergent LMSBlogs

Starting a Consumer Lending Business 101

The consumer lending business has evolved dramatically over the last century. Technological advancements, like the credit card and online lending platforms, have made borrowing more accessible to a wide array…
AI-powered loan decision engines enhancing operational efficiency.Blogs

The Future of Lending: How AI-Powered Decision Engines Enhance Loan Management

The lending industry is experiencing a transformative shift, driven by the power of artificial intelligence (AI). Vergent LMS’s AI-powered decision engines are at the forefront of this revolution, offering lenders…
Payment ProcessingBlogs

Revolutionizing Payment Processing: The Impact of OmniaPay on Lending Operations

In today’s fast-paced lending environment, efficiency and borrower satisfaction are key drivers of success. Lenders are constantly searching for ways to streamline operations, enhance security, and improve customer experience. Enter…
profitability and CRABlogs

Balancing Profitability and CRA Compliance with Vergent LMS

As financial institutions evolve in a competitive landscape, bankers and credit union leaders must navigate an intricate web of regulatory compliance, risk management, and profitability. Among the many regulations banks…
community banks cra complianceBlogs

The Role of Community Banks in Promoting Financial Inclusion under CRA Compliance

Community banks CRA compliance plays a crucial role in promoting financial inclusion, especially as regulations evolve to address the needs of underserved communities. With increasing pressure on financial institutions to…
CRA ComplianceBlogs

Streamlining CRA Compliance with Vergent LMS for Community Banks

Community banks have long been essential in promoting financial inclusion, especially for underserved populations. However, the compliance requirements of the Community Reinvestment Act (CRA) can place a strain on these…
financial inclusion through technologyBlogs

How Technology Supports Financial Inclusion Through Community Banks

Financial Inclusion: A Global Challenge Financial inclusion is a pressing global challenge, with millions lacking access to basic banking and credit services. Community banks play a crucial role in addressing…
consumer finance softwareBlogs

Transform Your Lending Process with Our Consumer Lending Software

In today’s fast-paced financial landscape, lenders face unprecedented challenges. From managing complex compliance requirements to meeting customer expectations for quick and seamless service, traditional lending methods are no longer sufficient.…
turnkey loan managementBlogs

Best Practices for Implementing a Turnkey Loan Management System in Community Banks

Best Practices for a Turnkey Loan Management System Financial institutions today are under increasing pressure to modernize their loan management systems (LMS) to boost efficiency, streamline operations, and deliver an…
in-house financingBlogs

The Ins and Outs of In-House Financing

What Is In-House Financing? A Game Changer for Retailers and Consumers You’ll often hear the term “in-house financing” when making a large purchase, but what exactly does it mean? In-house…
enterprise risk managementBlogs

Mitigate Risks with Enterprise Risk Management

A Comprehensive Solution In the age of constant cybersecurity threats and sensationalist news coverage, a strategic approach to mitigating and navigating risks is critical for financial institutions. Enterprise risk management…
Personal Loans CRA FDICBlogs

Personal Loans, CRA, and the FDIC

Personal Loans, CRA, and the FDIC: A Win-Win for Community Banks In the early 20th century, redlining was a common practice that discriminated against lower-income areas, denying them access to…
Omnichannel Payment OptionsBlogs

Omnichannel Payments Software: Benefits for Lenders

Omnichannel Payments Software is Driving Customer Demand In today's fast-paced financial landscape, the rise of omnichannel payments is transforming the lending industry. According to recent studies, businesses that implement omnichannel…
Financial InclusionBlogs

Enhancing Financial Inclusion: The Role of Community Banks

The Role of Community Banks in Financial Inclusion Financial inclusion is essential for fostering economic stability and growth. Community banks play a pivotal role in this effort by providing accessible…
Payment Processing providerBlogs

Processing Payments: A Comprehensive Guide to Choosing the Right Platform

A Comprehensive Guide to Choosing the Right Payment Processing Platform Selecting the right payment processing provider is crucial for any business. It significantly impacts transaction efficiency, customer satisfaction, and overall…
Community BanksBlogs

Why Personal Loans are Essential for Community Banks

Meeting Community Needs: Why Personal Loans are Essential for Community Banks The community bank plays an important role within its neighborhood. From helping the single mother gain financial freedom to…
AI Loan ManagementBlogs

Loan Origination and Management Made Easier with AI

Artificial intelligence in Lending Management AI Loan Management is revolutionizing the lending landscape, transforming outdated business processes and empowering various industries to become effective lenders. This shift is not limited…
Consumer Installment LoansBlogs

Manage Consumer Installment Loans Without Struggle

Simplify Consumer Installment Loan Management As a lender, managing consumer loans can be challenging. It requires meticulous tracking of individual loans, payment schedules, and due dates. This process is often…
loan origination softwareBlogs

Loan Origination System Vendor Selection Guide

Negotiating with Loan Origination System (LOS) Vendors Negotiating with loan origination system (LOS) vendors can be a long process for companies looking to improve their lending operations. Like selecting a…
AI-powered loan servicing technologyBlogs

Loan Servicing Technology: 10 Ways to Choose the Best Provider

Navigating Loan Servicing Challenges in Uncertain Times In a world not grappling with a pandemic and economic downturn, managing loans is already a formidable task, demanding significant time, effort, and…
loan underwriting softwareBlogs

The Loan Underwriting Process: Streamlined Steps

The Loan Underwriting Process: Streamlined Steps What does a loan approval process look like? The loan approval process for alternative lenders typically differs from traditional banks and financial institutions. Although…
lending operationsBlogs

Lending Operations Streamlined with Vergent LMS

Lending Operations Streamlined with Vergent LMS In the dynamic landscape of lending, where managing cash flow, assessing loan eligibility, and ensuring timely repayments are critical, having the right tools can…
consumer loan softwareBlogs

Consumer Loan Software

Consumer Loans: The Basics In a world where financial needs can arise unexpectedly, making informed decisions about borrowing money is crucial. Vergent Loan Management Software understands the importance of providing…
short-term installment loansBlogs

Short-Term Installment Loans: The Vergent Guide

Short-Term Installment Loans: A Comprehensive Guide In times of unexpected financial challenges, having a bit of extra cash can be a game-changer. A short-term installment loan can offer relief for…
loan reporting an analyticsBlogs

Boost Your Business with Loan Reporting and Analytics

Boost Your Business with Loan Reporting and Analytics In the fast-paced world of lending, managing cash flow is challenging enough without having to grapple with complex reporting and analytics. Often,…
personal loan softwareBlogs

Choosing the Right Personal Loan Software

Choosing the Right Personal Loan Software for Your Cash Lending Business As personal loans continue to gain traction in the consumer lending landscape, efficient management has become pivotal for cash…
line of credit softwareBlogs

Line of Credit Software: The Vergent LMS Guide

Line of Credit Software Whether you find yourself actively managing a line of credit in person, effortlessly navigating it online, or opting for a judicious combination of both, the strategic…
loan automationBlogs

How Loan Automation Makes Lending an Absolute No-Brainer

How Loan Automation Makes Lending an Absolute No-Brainer In the face of a pandemic that has reshaped how retail businesses connect with customers, and with the imperative to disburse crucial…
data enrichmentBlogs

Data enrichment is the secret sauce in digital lending

Data enrichment is the secret sauce in digital lending In discussing financial technology, it's crucial to emphasize the significance of "what it does" over "how it works" for most individuals.…
AI credit scoringBlogs

The New Economic Reality – How AI Provides Better Credit Scoring

The New Economic Reality – How AI Provides Better Credit Scoring The success of your company's lending program hinges significantly on the effectiveness of its credit scoring. Among various factors,…
lending automation softwareBlogs

How to Choose the Right Lending Automation Software

How to Choose the Right Lending Automation Software The landscape of traditional lending, characterized by in-branch origination and manual paper-based processes, has crumbled in the face of social distancing norms.…
loan applicationsBlogs

How to Process Loan Applications and Approve More Loans Faster

How to Process Loan Applications and Approve More Loans Faster In today’s fast-paced world, speed is everything. Whether it’s ordering food, booking a ride, or even applying for a loan,…
lending technologyBlogs

Lending Technology Is Smashing Through Stricter Know-Your-Customer Rules

Lending Technology Is Smashing Through Stricter Know-Your-Customer Rules The Biden administration is set to increase financial-crimes enforcement by $64 million this year, reaching a total annual budget of $191 million.…
lending compliance managementBlogs

Revolutionizing Lending Compliance Management

Revolutionizing Lending Compliance Management In the midst of rapid financial advancements and technological disruptions, one constant remains at the core of the lending and borrowing industry: compliance management. As regulatory…
cash advanceBlogs

Cash Advance Providers Need Lending Software Automation

Cash Advance Providers Need Lending Software Automation If a business needs quick access to cash, it can easily obtain it through a merchant cash advance (MCA), provided it receives approval.…
loan management system workflowsBlogs

Navigating Loan Management System Workflows

Navigating Loan Management System Workflows: The Digital Revolution in Lending A monumental transformation is sweeping through the lending landscape, a digital revolution, spurred by technological advancements and an escalating demand…
risk assessment softwareBlogs

Navigating Financial Risk with Advanced Risk Assessment Software

Navigating Financial Risk with Advanced Risk Assessment Software In the dynamic landscape of today's financial sector, organizations have come to acknowledge the critical role of risk management. It is no…
online lending softwareBlogs

Online Lending Software: The Challenges to Success

The Challenges of Running an Online Lending Business Undoubtedly, the landscape of lending has undergone a significant transformation in recent years. Borrower preferences have evolved, causing a decline in the…
risk management softwareBlogs

Unleashing the Power of Risk Management Software in Lending

Unleashing the Power of Risk Management Software in Lending The financial realm has always been fraught with intricacies, from fluctuating interest rates to unforeseen market trends, presenting a myriad of…
consumer loan managementBlogs

Streamline Consumer Loan Management

Streamline Consumer Loan Management As a lender, loan management can prove challenging, requiring meticulous tracking of individual loans, payment schedules, and due dates. This process is often time-consuming and frustrating.…
features of loan management softwareBlogs

Features of Loan Management Software Crucial to Success

Maximize Finances with Great Loan Management Software For lenders, maintaining organization is crucial for achieving success. What might not be immediately apparent is the pivotal role that the right loan…
AI in digital lendingBlogs

How AI Applications Can Revolutionize Digital Lending

How AI Applications Can Revolutionize Digital Lending Numerous artificial intelligence (AI) applications are currently in the research and development phase, with some already making significant contributions to the digital lending…
debt collection softwareBlogs

Advanced Debt Collection Software for Collecting Bad Debts

Simple Strategies for Collecting Bad Debts In an ideal scenario, borrowers would consistently repay their debts promptly and in full. However, the reality is that life is imperfect, and instances…
loan servicing optionsBlogs

Why Your Loan Servicing Software is Falling Short

Why Your Loan Servicing Software is Falling Short As a lender, your loan servicing software stands as a crucial tool in your toolkit. It manages loans and customer information, including…
origination and underwritingBlogs

Origination and Underwriting: Essential for Loan Management

Origination and Underwriting: Essential for Loan Management In the realm of digital transformation, many organizations find the most challenging aspects of in-house lending lie in the "origination" and "underwriting" stages.…
credit decisioningBlogs

Credit Decisioning Key to Modern Credit Processes

Credit Decisioning Key to Modern Credit Processes In the contemporary digital landscape, where instant gratification often prevails, swift and accurate credit decisioning has become the bedrock of the lending industry.…
Installment Loan Management SoftwareBlogs

Manage Installment Loans Without Struggle

Consumer Installment Software: Manage Consumer Loans Without Struggle As a lender, managing consumer loans can prove challenging, requiring meticulous tracking of individual loans, payment schedules, and due dates. This process…
Unlocking Omnichannel Marketing Excellence with Vergent LMSBlogs

Unlocking Omnichannel Marketing Excellence

Unlocking Omnichannel Marketing Excellence In today's dynamic lending landscape, where customer interactions span various channels, the need for a seamless and integrated approach to marketing is paramount. Omnichannel marketing has…
Navigating Loan Management Systems: The 6 Essential Questions for SuccessBlogs

Loan Management Systems: 6 Essential Questions

Loan Management Systems: 6 Essential Questions for Success Evaluating loan management systems demands meticulous consideration. Balancing the need for tailored features with concerns like pricing and implementation can overshadow crucial…
Revolutionizing Loan Servicing with Vergent LMS: Unleashing the Power of Comprehensive SolutionsBlogs

Revolutionizing Loan Servicing Software

Unleashing the Power of Comprehensive Solutions In the complex world of finance, making sure loans are well-managed and serviced is crucial for a financial institution to thrive. As the lending…
Unlocking Strategic Excellence: The Reporting Mastery of Vergent LMS in Loan ServicingBlogs

The Reporting Mastery of Vergent LMS in Loan Servicing

Unlocking Strategic Excellence: The Reporting Mastery of Vergent LMS in Loan Servicing In the dynamic and ever-evolving world of lending, success hinges not only on effective loan management but also…
Maximizing Profitability with Installment Loan Software: The Vergent LMS GuideBlogs

How the Right Installment Loan Software Can Increase Profitability

Installment Loan Software Profitability: The Vergent LMS Guide In the fast-paced financial industry, efficiency is paramount for staying competitive and maximizing profitability. Installment lenders are increasingly adopting advanced installment loan…
How to Choose the Best Loan Origination SoftwareBlogs

The Best Loan Origination Software: How to Choose

How to Choose the Best Loan Origination Software Loan origination software (LOS) is a complex and intricate system that automates and streamlines several processes involved in loan management. In addition…
What to Know About Loan Servicing Software for Private LendersBlogs

Loan Servicing Software for Private Lenders 101

Loan Servicing Software for Private Lenders 101 Loan servicing software (LSS) has become the perfect digital solution for financial institutions. It automates various tasks involved in the loan processing cycle,…
What Makes Great Loan Management Software?Blogs

What Makes Great Loan Management Software?

What Makes Great Loan Management Software? Financial institutions need comprehensive and efficient loan management software (LMS) to survive in a competitive and evolving financial landscape. As businesses prioritize streamlined processes,…
A Perfect Solution: Loan Origination Software for SuccessBlogs

Loan Origination Software for Success: A Perfect Solution

Importance of Optimized Loan Origination Software Effectively securing and managing loans is crucial for lending businesses. Yet the manual demands of the loan origination process can cost businesses significant amounts…
Blogs

The Impact of the CFPB’s Regulation F on Creditors

The Impact of the CFPB's Regulation F on Creditors It's been a month now since the implementation of Regulation F. If, as a creditor, you haven't made the necessary changes…
Artificial Intelligence in LendingBlogs

Artificial Intelligence in Lending – What Can It Do For Me?

What Can Artificial Intelligence in Lending Do For Me? (Part 2)   "Computers are useless. They can only give you answers." -Pablo Picasso (1964) In the last post on artificial…
Blogs

Post-Pandemic Credit Decisioning

Post-Pandemic Credit Decisioning: Be Careful!!! Consumer credit is one of the many financial services that continues to change since the pandemic making credit risk decisioning and data analytics even more…
Blogs

Smart Money #4

What Can Artificial Intelligence Do For Me? (Part 1)   "We are stuck with technology when what we really want is just stuff that works." -Douglas Adams, The Salmon of…
Blogs

5 Best Practices for Lenders in 2022

5 Best Practices for Lenders in 2022  In any given year, many lenders are concerned with regulatory changes that the lending industry may face. Regardless of what new regulations come…
Lending ComplianceBlogs

Compliance Corner

According to recent reporting, Lenders are struggling to manage simple processes that the CFPB has outlined in their ongoing guidance. In this summer's CFPB Highlight report, they found numerous problems…
Artificial IntelligenceBlogs

Smart Money #3

In Part 3, Patrick Carpenter continues to answer the question... "What is Artificial Intelligence?"   There are lots of ways to try to answer the question of what makes human…
Blogs

Integrating Decision Engine & Loan Management Software

Though your Decision Engine and Loan Management Software (LMS) can offer great benefits individually, the best benefit to your business and your customers comes when they are well integrated. If…
Blogs

9 Steps to Building an Online Lending Portfolio

The last decade has seen an increasing online shopping trend: the emergence and now dominant presence of Amazon and other ecommerce platforms. With the success of digital shopping, the rise…
Blogs

Smart Money #1

Who am I and what am I talking about? Thinking is the hardest work there is, which is the probable reason why so few engage in it. Henry Ford, 1928…
Blogs

Loan Management Software Creates a Better Online Lending Experience

The customer experience for financial services must take priority. How your customer experiences your loan process will determine if they return to your business. If your loan process starts with…
loan management automationBlogs

Better Customer Experience in Online Lending with Your Decision Engine

You know one of the most important parts of your lending process is the customer experience. Customers today value speed and convenience over all else. If you can't seamlessly provide…
Blogs

What Does Software Quality Assurance Do?

What is Software Quality Assurance? A software quality assurance (SQA) department is the last set of eyes on a product or service before it reaches the public. A QA team…
Blogs

What Does Omnichannel Lending Mean?

Omnichannel lending means that lenders can provide loans in all ways or places. Omni is derived from the Latin word Omni meaning in all ways or places. The channel is…
loan management automationBlogs

How is Automation Transforming Lending And Loan Management?

What is Automation? Automation is a term used frequently in the technology industry. We all vaguely understand what automation means, but you may not know exactly how it works. When…