Tag: underwriting

Vroom’s data-driven credit engine and scoring enhancements are expected to improve credit performance in future securitizations.  The weighted average FICO ...

Banking regulators recently issued guidance to “remind” lenders that making loans to consumers who lack United States work authorization could be risky.  Released jointly July 13 by ...

Arvest Bank is integrating new capabilities to enhance automation and grow auto originations.   Bentonville, Ark.-based Arvest has signed on with TruDecision, the fintech’s Chief Executive Daniel Parry announced in July on LinkedIn. TruDecision provides analytical tools and ...

AI is evolving from an internal cost-cutting tool into a driver of predictive customer outreach and fraud detection, according to banking ...

Credit expansion within the overall U.S. economy is shaping how auto loan vintages perform, with expected losses continuing to rise ...

Auto lenders may be leaning on AI and technology to gain efficiencies, but sound credit fundamentals remain key considerations for ...

Since the realization that the post-pandemic portfolios, originated in 2022 and 2023, were going to underperform nearly industrywide, there have ...

Online lender LendingClub is deploying AI throughout its operations, including to improve underwriting.  “At this point, there’s probably not a department in the company that is untouched in ...