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How to Increase Member Business Lending

Abrigo

Small Business Loans | 5 minute read Key Takeaways Credit unions' small business loans hit a record low, while small business lending continues to remain strong at big banks and community banks. Going digital can help reduce the cost of small business lending and capture more member business loans. Talk to an expert.

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The case for end-to-end digital lending

Independent Banker

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

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3 Inefficiencies in loan origination and how to solve them

Abrigo

As community banks and credit unions look toward 2017, many will be focusing on small business lending for loan portfolio growth, according to a recent Sageworks poll. However, small business lending comes with some unique challenges that banks and credit unions will need to address in order to grow their business lending portfolios.

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How to Conduct an Exam-Proof BSA/AML Risk Assessment

Abrigo

Do you offer services to those without a Tax ID Number (TIN)? If so, how many customers or members? How to Conduct an Exam-Proof BSA/AML Risk Assessment. Lending & Credit Risk. The post How to Conduct an Exam-Proof BSA/AML Risk Assessment appeared first on Abrigo. Fraud Prevention. Fraud Trends. Learn More.

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What Basic Functions Should My Loan Origination System (LOS) Perform?

Abrigo

Knowing these elements of an LOS and an LOS vendor is critical for senior financial institution executives either shopping for an LOS for the first time or considering an improvement to their bank or credit union’s current business lending process. Lending process management is key to timely decisions. Workflow & Analysis.

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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

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Income Investing Guide: How to Invest for Steady Cash Flow

MyBankTracker

Essentially, interest is a payment for lending your money to someone else. Online banks are a common exception.). Tax Considerations About Income Investing. Each type of investment comes with its own tax considerations. In general, there are two different types of taxes you might have to pay. Interest income.

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