Committees : Lending
There has been a dramatic increase in online alternative lending during the past several years, which has impacted how credit can be secured by consumers and small businesses.
Creating a digital lending process in your bank can stop the flow of business to alternative lenders.
Here are nine smart questions to ask before buying a small business loan origination platform.
Paynet, Inc. President & Co-Founder William Phelan looks at the reasons behind this and the true cost of the small business credit gap.
WSFS Financial Corp entered into a partnership with LendKey to offer its own competitive student loan products.
Woodforest partnered with Charlotte-based PrecisionLender to help relationship managers (RMs) win better deals that aligned with the bank’s strategy.
Once, most lending was done by traditional financial institutions, like banks.
NBKC partnership with Roostify illustrates how savvy use of technology platforms can also benefit the lender’s bottom line.
Banks must expand their technology tool set, especially when originating small business loans.
Chip Mahan tells the story of how Live Oak Bank needed a cutting edge lending platform, and decided not to hire an outside vendor, but to create the platform itself.