The Office of the Comptroller of the Currency (OCC) has been featured many times in the news recently in connection to increased scrutiny of the relationships and financial offerings of banks and their third-party fintech partners. Blue Ridge Bank, a Virginia-based financial institution, has specifically come under fire for inadequate oversight of activities and products […]
The recent rise of Fintech has changed the way people see lending. Advancements in origination, underwriting, embedded finance, and overall automation have given almost instant access to borrowers looking for funds. Not only has the barrier to entry significantly lowered for borrowers, but this ease of access has also caused their expectations to rise significantly. […]
You might struggle with poor data visibility if your lending business relies on several departments to accumulate data. That’s because sensitive data stored in different platforms and kept in silos makes it difficult to access, manage, and protect. When information is spread across multiple systems or departments, managing sensitive data becomes chaotic — which is […]
A few months ago, one of our customers came to us with a problem: they needed a loan calculator that would enable borrowers to adjust loan terms using interactive sliders. The hope was that this easy-to-use calculator would help their prospective borrowers see how adjusting loan terms within a set range would affect their APR, […]
The rise of the internet has changed everything we know about modern-day communications. From direct mail and phone calls to emails and text messaging, communication has evolved into streamlined processes that require less effort, lower cost, and with a seemingly bigger payout. As we’ve witnessed the rise of new communication, also rising is the number […]
Where is your brand? Is it hidden away in a spam folder, being pushed lower and lower beneath the crushing weight of scams, salesmen, and that food blog you subscribed to 4 years ago? Studies show that over 45% of all emails sent are considered spam, with only a 21.5% open rate across all industries. […]
Necessity has always driven technological innovation. In the midst of lockdown and uncertainty, consumers and businesses alike scrambled to adjust to life during Covid. Processes that relied on face to face interactions were no longer a viable option. Consumers stayed inside and businesses adjusted to their new work from home environments, the need for technological […]
Businesses selling high-value items, such as car dealerships and electronics stores, can partner with lenders to provide financing to customers. Or they can skip the traditional financing and offer in-house loans directly to their buyers. Keeping finance in-house can help you increase revenue and improve the customer experience, but setting up loan processes and managing […]
FARMINGTON, Utah, May 17, 2022 /PRNewswire/ — Ernst & Young LLP (EY US) announced that LoanPro co-founders, Rhett, Ben, and Lloyd Roberts, were named as Entrepreneur Of The Year® 2022 Mountain West Award finalists. Entrepreneur Of The Year is one of the preeminent competitive business awards for entrepreneurs and leaders of high-growth companies who think big to succeed. The Roberts brothers […]
