Traditional Lending Comes of Age

Traditional Lending Comes of Age

Written by Andrew MacDowell, Director, DecisivEdge™ As technology revolutionizes successive markets in disruptive waves, the lending industry is finally facing its own storm. Traditional methods of lending are quickly becoming obsolete in the face of altered consumer behavior, evolving business models and the rise of fintech. For example, credit is becoming more pervasive, and the… Read more »

Why Financial Institutions Should Leverage RPA

Why Financial Institutions Should Leverage RPA

Written by Sukumar Narayanan, President, DecisivEdge™ Unlike manufacturing and other highly streamlined industries, financial institutions tend to have a significant number of processes requiring manual intervention and data manipulation. These are both highly inefficient and perhaps more importantly subject to errors. Robotic process automation (RPA) is a newer strategy that facilitates the automation of high-volume, repeatable,… Read more »

What Tech-Savvy Borrowers want from Equipment Lenders

What Tech-Savvy Borrowers want from Equipment Lenders

Written By Andrew MacDowell, Director, DecisivEdge™ Tech-savvy borrowers have clear expectations when it comes to engaging a lending company to help them finance their new or expanding business.  Lenders who don’t meet some or all of their basic expectations may risk losing the deal to a competitor. Our team often works with lenders that know their… Read more »

The Value of an End-To-End Auto Lending Platform

The Value of an End-To-End Auto Lending Platform

Written by Andrew MacDowell, Director, DecisivEdge™ In my role, I often meet auto financing professionals who are looking to upgrade their existing auto lending platform. A common thread among these lenders is trying to manage three, four, or even more disparate software systems, analytic tools, and spreadsheets to effectively manage their growing business. Many desire… Read more »

Subprime Powersports Delinquencies Are On The Rise

Subprime Powersports Delinquencies Are On The Rise

Written by Andrew MacDowell, Director, DecisivEdge™ Professionals in Powersports financing are acutely aware that this line of business is historically a bit more challenging than traditional vehicle loans.  It’s certainly easier to repossess a car or truck than having to vigorously chase down an elusive motorcycle, ATV, snowmobile, or watercraft.  It’s also clear that subprime… Read more »

How Reliable Is Your Auto Loan Origination System (LOS)?

How Reliable Is Your Auto Loan Origination System (LOS)?

Written by Greg Miller, Director, DecisivEdge™ Speaking recently with a colleague of mine in the auto industry, I was surprised and concerned to hear how prevalent “platform down time” was among some of the predominant auto LOS providers.  My colleague was somewhat amused by my reaction and retorted, “it’s software…all platforms go down from time… Read more »

Six Reasons to Consider Lending and Leasing as a Service for HVAC Lenders

Six Reasons to Consider Lending and Leasing as a Service for HVAC Lenders

Written By Andrew MacDowell, Director, DecisivEdge™ HVAC Lending is a complex business.  The challenges of increasing competition, equipment obsolescence, and repossession are offset by a strong demand as homes expand in total square footage and temperature volatility drives the need to constantly improve HVAC technology. These dynamics call for the need to ensure your lending… Read more »

Is your Auto Lending Software Positioned for Increasing Loan Delinquencies and Charge Offs?

Is your Auto Lending Software Positioned for Increasing Loan Delinquencies and Charge Offs?

Written by Andrew MacDowell, Director, DecisivEdge™ Difficult times on the horizon….. Auto lenders are experiencing increased risks as delinquencies grow and net losses appear non-seasonal in nature. The root cause is attributed to heavy competition among lenders for market share during previous years which weakened underwriting standards.  Some lenders have substantially layered portfolio risks by… Read more »

Part Three: Is Your Lending Platform Positioned for Increasing Auto Loan Delinquencies and Charge Offs?

Part Three: Is Your Lending Platform Positioned for Increasing Auto Loan Delinquencies and Charge Offs?

Written by Andrew MacDowell, Director, DecisivEdge™ Collection Platform “Must Haves” Last week we covered how the value of a credit reporting system supporting a lending platform depends on the comprehensive nature and freshness of the credit information collected and shared, especially the interactive structure of the reporting system itself. Today we are going to cover… Read more »