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Sagent Lending Technologies merges auto operations into Defi Solutions

Sagent Lending Technologies‘ auto business will be renamed Defi Solutions by month’s end, when the two companies complete a merger announced today. Together, the companies provide technology solutions and services for lenders across the lending lifecycle, from originations and servicing to lease maturity management, remarketing and analytics, and digital engagement. Sagent also brings to the […]

Fraud analytics, alt-data reduce risk for nonprime lenders

The ability to identify risk as early as possible in the loan origination process can improve portfolio performance, and lenders focused on nonprime segments have better resources than ever before to reduce loan risk. Early identification of high-risk borrowers can reduce or potentially eliminate defaults. Fraud analytics and alternative credit data — which provides a […]

Mobility Matters in the Auto Lending Process

The volume and variety of innovative commerce transactions available on mobile devices continues to grow. Younger generations — millennials and Generation Z — live with mobile devices. The gradual adoption of 5G networks will substantially enhance the speed and functionality of all things mobile — along with higher expectations from millions of users. To remain […]

First Investors Integrates Defi LOS, Reporting Tool

First Investors Financial Services has implemented Defi Solutions' loan-origination system and reporting tools. Rollout of the two cloud-based products took four months, according to a press release. First Investors will use Defi LOS, as the system is called, to support its underwriting processes, including scorecard development, auto decisioning, and deal structuring. It will use Defi Analytics […]

The Advantages Of An Automated Loan Processing System

A modern automated loan processing system has distinct advantages over legacy lending systems. Using the latest cloud and web technologies, it is quickly implemented, configurable to match specific needs, provides a superior customer experience, and improves decisioning accuracy. Automated systems accelerate all stages of the loan cycle. Superior Customer Experience Many a lending process begins […]

How New Lending Technology is Reshaping the Loan Origination Process

By leveraging modern technology, financial institutions have made daily interactions with their customers frictionless and effortless. But there are still high-volume banking activities where greater efficiencies can be achieved. In particular, new lending technology enabled by two key capabilities — cloud and automation — is reshaping loan origination. Cloud delivers the latest loan software capabilities […]

How Lenders can Prioritize Regulation in Operations

One of the most prominent auto finance news stories of the year is the U.S. House and Senate vote to repeal the CFPB decree on auto-loan financing. The repeal takes pressure off indirect lenders for the moment, but regulations are already complex at the federal level and even more challenging with variations in state requirements. […]

How a Digital Lending Process Can Benefit Finance Companies

If lenders haven’t updated their legacy lending system in a while, they’re in the right place. A digital lending process takes advantage of technical innovations, including cloud, decision rules, imaging, mobile, and analytics. The result is a significantly greater degree of automation. Automation means lower processing costs, better-quality lending decisions, reduced risk, and improved compliance. Digital […]
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