Before You Take The Leap…

Don’t sign that software licensing agreement just yet. Do you know your TCO? What is TCO? Total Cost of Ownership (TCO) seeks to understand the entire cost associated with the ownership of Software over some period. Usually this assessment is done in comparison to a non-ownership model of software such as a Software as a …

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This Metric Could Save Your Lending Business!

Everyday I speak with Lenders around the globe and I ask them the same simple question: What does a loan cost you? What is your cost per loan (CPL)? I’m always surprised how many do not have an answer. For most, a loan in any form (Mortgage, Credit Card, Consumer Loan, Micro-loan, Payday loan, Small Business …

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Breaking Four Misconceptions of Small Business Lending

(From Contributor Marina Thomas) With the advancements in technology and the Internet revolution, people can now easily access information at their fingertips. The main problem with  fake data and information regarding small business loans is that entrepreneurs get a false sense of the loan qualification. They often believe that they are not eligible for loans. If …

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The Top 5 Banking Trends for 2017

Today’s guest blog entry is from David Horton. David wrote a great piece on LinkedIn  providing his five banking technology predictions for 2017. Although dated, it’s always interesting to look back and see how we’ve done.  Enjoy!   Without a doubt, 2016 was the year ‘disruption’ became tangible. Events like Brexit, the U.S. election and India’s …

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Building Your Team

There are no great businesses built by the singular effort of a person. Lending businesses are no exception.  Your success in lending will depend in large part, on the quality of your team.  So, how do we go about building the right team? First, know the business you’re building. The team does not decide what …

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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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