Abrigo

AUGUST 6, 2021

Do we need community banks? Do we need community banks? Many would argue that we do. Community banks are critical to ag lending and small business lending. Nearly 9 out of 10 farm real estate loans under $500,000 are made by community banks. What basic functions should a loan origination system complete?

Community Bank 195

Community Bank Community Kansas City Lending 195

PYMNTS

NOVEMBER 3, 2020

3), stock exchanges in Shanghai and Hong Kong have suspended the looming IPO (initial public offering) in Ant Group, citing regulatory changes in the financial services landscape — and summoning executives including controller Jack Ma to meet with Chinese regulators at the China Securities Regulatory Commission.

Lending 199

Lending Meeting Groups Regulation 199

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. It provides a real ROI, including increased efficiencies, more loan originations and a way to attract and retain customers. started developing its digital lending platform about three years ago—and the bank is really glad it did. By Beth Mattson-Teig.

Lending 91

Lending Community Bank Community North Dakota 91

Abrigo

OCTOBER 10, 2023

Loan review issues include staffing challenges and training. Last year's 2022 Loan Review Survey by Abrigo found these four common challenges in effective loan review. Learn what other banks are doing to manage. A key component of understanding and reacting to these concerns is the  loan review function.

Training 195

Training Survey Resources Software 195

Abrigo

OCTOBER 10, 2023

Loan review issues include staffing challenges and training. Last year's 2022 Loan Review Survey by Abrigo found these four common challenges in effective loan review. Learn what other banks are doing to manage. A key component of understanding and reacting to these concerns is the  loan review function.

Training 195

Training Survey Resources Software 195

South State Correspondent

SEPTEMBER 18, 2023

However, we believe that community banks should consider a different strategy since community banks’ much higher efficiency ratio results from a different driver. Community banks are dealing with smaller relationships (both loans and deposits) that are not being charged appropriately to cover overhead costs.

Management 195

Management How To Community Bank Community 195

Gonzobanker

AUGUST 11, 2020

It was into this world that the much celebrated digital lending fintech OnDeck recently sold to Enova for $90 million, a virtual fire sale at way under 1X OnDeck’s revenue. And congrats to Jonathan Corr and the team at Ellie Mae for what appears to be a doubling of revenue for a mature company in that same period. It’s one big sandbox.

Lending 158

Lending Fintech Analytics UX 158

Abrigo

JUNE 30, 2022

What Are the Loan Betas in Your Plan for Rising Interest Rates? Loan betas, or how rates for new and repriced loans will act as interest rates rise, are critical ALM inputs for NIM forecasts. . What is a loan beta. You might also like this webinar, "Banking in a Rising Rate Environment: Myth Busters Panel."

Lending 195

Lending Marketing Analysis Data 195

Independent Banker

MAY 31, 2022

Nonbank institutions continue to be serious contenders in the home lending space. We look at how community banks can counter nonbanks’ offerings through streamlined technology, customer service and other strategies. The amount of annual mortgage origination surpassed this figure in both 2020 and 2021. Quick Stat.

Community Bank 185

Community Bank Community Lending Marketing 185

Abrigo

JUNE 3, 2019

SBA Lending Can Be a Hidden Gem for Some Institutions. Loans guaranteed by the U.S. With proper planning and the utilization of technology, SBA lending can boost customer acquisitions and deposits. How can we get more participation from banks and credit unions across the country? Sounds great, right? So why are only 15.4

Lending 150

Lending Resources Capital Technology 150

Abrigo

OCTOBER 14, 2022

Takeaway 1 Loan modifications training, automating processes, and updating policies and procedures can help prepare organizations for change. Takeaway 2 Stress testing on a loan level or a portfolio level can help financial institutions understand their threshold for any future upheaval. Cultivate talent. Digitize processes.

Risk Management 195

Risk Management Management Policies Lending 195

Gonzobanker

DECEMBER 4, 2019

nCino’s acquisition follows several years of rapid Salesforce -influenced organic growth, at first in loan origination and expanding to deposit origination and treasury. nCino and Q2 executives believe analytics will add gasoline to their digital origination fires. And it doesn’t appear to be hubris.

Analytics 118

Analytics Lending Fintech Leadership 118

South State Correspondent

MARCH 14, 2022

Some bankers even use fatalistic arguments that they cannot compete against Lifecos, and some lenders immediately refer long-term, fixed-rate lending opportunities to Lifeco competitors. However, for a borrower to make an informed decision, a lender must correctly differentiate and position the community bank’s commercial lending service.

Company 195

Company Community Bank Community Lending 195

Abrigo

JANUARY 19, 2022

How to Price Loans Effectively Effective loan pricing is more imperative than ever for financial institutions, given the outlook on interest rates and other factors. . A number of loan pricing factors explain variations in yield among institutions. . Loan Pricing Essential.

Lending 195

Lending Strategy Groups Examples 195

South State Correspondent

JUNE 13, 2023

On our loan hedging desk, we work with hundreds of banks ranging in size from just over $100mm in assets to some national banks with over $1T in assets. Combined with our relationship profitability model, Loan Command, we see the pricing of thousands of commercial loans per month as small as $30k and as large as multi-billion dollars.

Marketing 195

Marketing Examples Capital Management 195

Abrigo

OCTOBER 28, 2020

Answer this question: Are we trying to decide what to do with the money you already have on the books, or are we trying to find ways to grow the balance sheet and going to need new funds as a result? Essentially, what I’m hearing from financial institutions is, “Help! are now breaking below the 3.0% Sounds crazy, right?

Lending 195

Lending Risk Management Management Community 195

Abrigo

FEBRUARY 23, 2023

You might also like this on-demand webinar: "Problem loans: Identifying warning signs and management options" WATCH Takeaway 1 Executive leaders of small community financial institutions face complex issues, including declining deposits. I don’t want my veteran bankers writing a credit memo,” he said. “I

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

OCTOBER 2, 2018

Avant is best known among its financial services peers as a FinTech firm, founded to throw automation and an artificial intelligence (AI)-enhanced underwriting process at the problem of creating accessible, affordable personal loans for consumers. Bank ‘s recent rollout of an in-house, small personal loan product for their customers.

Lending 134

Lending Alabama Online System 134

Abrigo

SEPTEMBER 2, 2020

The PPP might have been the first time many community financial institutions saw such clear returns on digitization investments, but the same automation and efficiency gains can be found in other end-to-end lending solutions. Community financial institutions' experience with PPP technology also translates to other areas of lending.

Lending 259

Lending Community San Antonio Survey 259

FICO

MARCH 22, 2022

The pandemic impacted the financial situation of SME’s in various ways, including the need to suddenly adopt digital banking channels, arrange repayment deferrals and of course an increased need for lending; a need which is increasingly being targeted by new lenders offering a simplified digital lending process.

Lending 52

Lending System Regional Survey 52

PYMNTS

NOVEMBER 23, 2020

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Blockchain and a bank charter might do much to boost financial inclusion.

National 215

National blockchain Montana Lending 215

Abrigo

OCTOBER 21, 2021

You might also like this decision guide: "What Do I Do with All This Excess Money?" Takeaway 3 Exploring lending opportunities and examining loan and deposit pricing are among steps that make sense while awaiting a Fed rate hike. And so, we wait. Options for Using Excess Liquidity DOWNLOAD . Watch Webinar.

Lending 195

Lending Strategy Trends Marketing 195

PYMNTS

JANUARY 27, 2021

LoanDepot will be seeking as much as $315 million in its initial public offering (IPO), according to a Securities and Exchange Commission (SEC) filing. The company is offering 9.41 To do what we did back then took more than wisdom and tenacity, it took courage,” he wrote. “We

Marketing 182

Marketing Capital Branding Company 182

Abrigo

DECEMBER 2, 2021

Takeaway 2 Excess budget funds can also be used to help mitigate risk in areas such as the BSA department or loan review. Takeaway 3 Signing up for 2022 conferences is another smart use of surplus budget funds, because some events are offering early-bird discounts. Beef up your loan pricing strategy. Options for Excess Funds.

Conference 195

Conference San Antonio Lending Fraud 195

Abrigo

JUNE 4, 2020

75%) of loan proceeds required to be spent on payroll. Nothing in the bill provides blanket forgiveness for loans under a certain size. Just when lenders were starting to get a handle on the Paycheck Protection Program’s loan-forgiveness process, much of it is changing. Manage PPP loans through forgiveness. learn more.

Lending 195

Lending Risk Management Management Community 195

Abrigo

DECEMBER 17, 2021

Many financial institutions that were already on the path of digitalization have continued expanding their digital offerings to meet the needs of their customers and members. Executives must center their communication on the vision for the technology and what employees will gain from it. How could we make our lenders’ jobs easier?

Fintech 195

Fintech How To Innovation System 195

Abrigo

JULY 3, 2019

The lending landscape is growing increasingly competitive, and the loan process can be frustrating and time-consuming. A loan origination system (LOS) can provide clarity to the intertwined data web that the loan lifecycle weaves , but not every LOS is built the same. What code is the software written in?

System 150

System Lending Software Data 150

Abrigo

JULY 10, 2020

The July release centers around consumer protection, and what role financial institutions can play in protecting their customer or members , differ ing from their May 2020 COVID-19 medical scam advisory. Find out how we can work together to better protect your institution from financial crime. C&I Loans. SBA Lending.

Fraud 195

Fraud Lending Software Analytics 195

Abrigo

AUGUST 18, 2020

The government was quick to roll-out PPP loans to offer relief to small businesses and communities. Despite the speed and urgency of the loans, financial institutions were not exempt from normal BSA requirements. PPP loans are heightened risk because of the fraud we’re seeing. “If Review your business continuity plan.

Fraud 195

Fraud Lending Trends Compliance 195

Abrigo

APRIL 15, 2020

Key Takeaways Lenders participating in the Paycheck Protection Program (PPP) have obligations after issuing the loan to a small business. Lenders have had concerns about closing PPP loans, an action that triggers required funding and the forgiveness timeframe for borrowers. Obstacles to issuing and funding the PPP loans.

Lending 221

Lending Philadelphia Payments Community 221

Abrigo

SEPTEMBER 2, 2020

The PPP might have been the first time many community financial institutions saw such clear returns on digitization investments, but the same automation and efficiency gains can be found in other end-to-end lending solutions. Community financial institutions' experience with PPP technology also translates to other areas of lending.

Lending 195

Lending Community San Antonio Survey 195

PYMNTS

OCTOBER 10, 2019

That product was an unsecured personal loan that consolidated the debt into a lower interest option with fixed monthly payments. The traditional weapon of choice for consumers to get out from under that debt load has been the low-cost installment loans, which remain the bread and butter of the LendingClub business. Today (Oct.

Cards 154

Cards Lending Tools Payments 154

PYMNTS

AUGUST 15, 2018

CashCall is into a few different types of underwriting, but its main business — and the one for which it is best known — is high-interest installment loans for customers. All that to say this has been an especially tough week for CashCall, and possibly the entire installment lending industry in the state. At least, they did.

Lending 101

Lending California Marketing San Francisco 101

PYMNTS

JUNE 10, 2020

In what is seen as the latest marriage between tech and Wall Street, Amazon has partnered with Goldman Sachs to launch a digital credit line for U.S. Our team exists to fuel seller growth, period,” Ragui Selwanes, head of Amazon Lending, said in a statement. merchants, CNBC has learned. percent to 20.99 percent to 20.99

New York 179

New York Lending Maine US 179

PYMNTS

AUGUST 28, 2018

It was supposed to be a strong year for lending across the board, after a stumpy 2017, which saw numbers in both consumer and commercial lending tending toward a slump. Many even raised their loan growth and profit outlooks for the coming year. “It We had a massive amount of activity in those final three weeks of the year.”.

Lending 100

Lending Taxes Rhode Island Regional 100

PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I What is even more exciting is the potential of where we are headed. billion.

Lending 100

Lending Compliance Capital Marketing 100

Gonzobanker

OCTOBER 19, 2023

Could lending performance data be the secret to limitless growth? However, many lenders struggle with accessing additional data that can help them get more loans and increase penetration in certain loan products. We suggest starting with these: 1. checking, cash management) in your best loan customers?

Data 78

Data Lending Examples Strategy 78