How Banks Are Arming to Win the Digital Lending War With Fintechs
Digital loan application completion speed on both web and mobile apps see big strides among incumbents, but key elements still lag
Loan Growth
Articles about loan growth strategies and how banks grow lending portfolios, including mortgages, home loans, auto loans that generate interest income.
4 Essential Habits of High-Performing Loan Officers
With the mortgage market expected to contract, it's vital that financial institutions employ best practices supported by efficient
Millennials’ Fading Homeownership Hopes Cloud Mortgage Outlook
New data confirms many of this group seek larger living space, yet Covid has added extra hurdles that mortgage lenders must understand.
New Borrowing Options Raise Stakes for Consumer Credit Exponentially
Financial institutions seeking to capitalize on a borrowing surge face headwinds from fresh rewards offers and novel installment
CEO Reveals Plans for LendingClub’s Unique Fintech+Bank Model
When a fintech buys a bank, what happens? In this case, voracious loan acquisition is combined with a huge potential for primary
Consumers Funding Construction Loans in Innovative Fintech Model
Online platform brings upscale retail investment funding to smaller markets, providing housing and related construction credit
Fintech Lenders Stumble While Banks and Credit Unions Gain
Traditional institutions exploited holes in fintechs' consumer lending model, especially relating to service. But technology is still
Banks Must Digitally Transform Consumer Lending
To compete with fintech lenders, traditional financial institutions must simplify internal processes and improve mobile
Fintech Lending Is On The Rise, But Default Rates Aren’t Pretty
Consumers like the sound of getting a loan from a fintech provider instead of a traditional institution, but at what
What SoFi’s Rise From Niche Fintech to One-Stop-Shop Means
The company that began as an 'anti-bank' student loan refinancer wants to be the center of people's financial lives (and may soon be a
How Financial Institutions Can Fire Up Their Lending Engine
By adopting current marketing methods, forming partnerships and offering credit that consumers want most, lenders can grow their
Banks Toy With Dumping Credit Scores from Lending Decisions
Even though the change is limited, and credit scores are regarded as flawed, many believe moving entirely away from them is
Why Should Banking Providers Offer Credit Builder Loans?
More consumers want credit builder loans now and fintechs and neobanks have jumped on the opportunity with competitive
Ending the Annual Exodus of Mortgage Borrowers
How can mortgage servicers keep refinanced mortgages in their own portfolios when the original loan goes
How to Retain Customers in the Wake of the Refi Boom
Interest rates are rising again but at current levels there are still consumers who can refinance. Here's how to land their
5 Digital Strategies to Boost Mortgage Lending in a Red Hot Market
Demand is soaring but so is competition, making digital marketing tools and capabilities – including mobile, chat and social – essential.
Banks’ Most Pressing Digital Lending Priorities
New data shows where credit unions and banks are placing their bets to win big with borrowers, and what headwinds the institutions
Is the Banking Industry Facing an Apocalyptic Future?
Incumbents' advantages won't forestall an onslaught of new digital competitors for long without a complete reimagining of existing
Community Bank Amplifies Niche Strategy Based on ROA/ROE Analysis
Backed by performance data, the bank concentrates on things it’s really good at that big banks can't touch and fintechs haven't pounced
How Consumers Prioritized Debt Payments During The Pandemic
TransUnion data reveals mortgages were paid first, in part to preserve not only a place to live, but a place to
How Banks Can Increase Their New Loan Business 100% (Or More)
In the absence of better processes banks and credit unions are actually losing two accounts for every one that they
Skyrocketing Student Loans Threaten to Suffocate Lending’s Future
Drowning in student debt, consumers' inability or unwillingness to borrow more may cripple the lending market, and it's only getting