Your core banking system isn’t your loan management system. Here’s the difference
Industry Information

Your core banking system isn’t your loan management system. Here’s the difference

If you have spent any meaningful amount of time in lending, you have likely heard someone ask the question, “Can’t our core banking system handle loans too?” On the surface, it seems like a fair point. Loans are essentially account balances. When a customer takes out a loan, the system records the disbursed amount as […]

Reduce abandoned loan offers by 50% with fewer surprises

Reduce abandoned loan offers by 50% with fewer surprises

Hello 👋, Happy new month and welcome to December! We’ve finally made it to the last month of 2024—what a journey it has been! Time truly does fly, and it’s a gentle reminder that we should make the most of every moment. As the author Harvey MacKay once said, “Time is free, but it’s priceless. […]

How to track and reduce your loan portfolio’s delinquency rate
Lender information

How to track and reduce your loan portfolio’s delinquency rate

The delinquency rate measures the share of loans in your portfolio that are past due. In simple terms, it’s the percentage of loans with missed payments (often defined as 30, 60 or 90 days late).