How to Choose The Right Lending Software for Your Business

Choosing the right lending software for your business can be a major undertaking. Before you train your staff on a new system and invest thousands of dollars, we have identified some key points for you to consider when choosing a software platform and provider. Outsourcing vs On Site Overall Functionality Decisioning & Risk Scoring User …

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Effective Communication with Borrowers

Have you ever tried waving at a blind person? This is NOT the best way to get their attention. As the business of lending evolves how are you communicating to your borrowers and potential borrowers becomes increasingly important. If you aren’t ahead of the curve, then you will be left behind. Effective communication with clients and potential …

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6 Brilliant Ideas to Grow Your Lending Biz

1. Know your Market If the loans are within a 50-mile radius of your office or a branch, it provides better insights into local dynamics. Integration with the market is key. By investing in verticals that you know and within a market you are familiar with, you are likely to increase your chances of success. …

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OK, Back To The Basics of Lending

The Basics Now is not really a great time for FUNDAMENTALS.  Things like ‘facts and substance’ are often viewed as getting in the way of vision, creativity and growth. But guess what? Knowing what you are doing is still ‘en vogue’. At LoanCirrus we support  lenders around the world and we sometimes help them to …

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10 Step Guide to Starting a Lending Biz

Now that you have conceptualized your business idea for a new lending business, the next step is reviewing this general startup checklist to make sure that you start your business right the first time. 1. Develop a Business Plan If you haven’t developed a business plan already, it is very important that prepare at least …

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