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Transforming Ideas into Reality: Dive into Our Blogs
Uncertain Times and The Importance of using Flexible Rule Engines
While demand for credit will probably grow, new challenges have emerged for lenders. As job losses and salary cuts grow, delinquencies...
Reimagining auto loans: The opportunity ahead for credit unions
Auto loans, especially those for used vehicles, make up a significant portion of the portfolio for credit unions - around 35% to 45% of...
The Case for Using Borrowers’ Employment Data in Credit Underwriting
As part of the credit underwriting process, lenders usually verify borrowers’ income and employment status to ensure that they can repay the loan. However, the COVID-19 pandemic has forced thousands of people out of jobs naturally leading to rapid shifts in employment data. What is noteworthy is that the pandemic has affected a few industries more than the others. Take a look at the results of a worldwide survey conducted by IMD on the impact of COVID-19 on industries for si
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