credit unions

Watch For ‘Junk’ Fees In Auto Loans

How is Evolving State Legislation and Regulatory Trends Impacting Credit Unions’ Leasing Programs

The Shift to Leasing Leasing appeals to many due to its shorter-term commitment and lower monthly payments compared to traditional financing, particularly amid market instability. In today’s high interest rate environment, consumers are increasingly turning to leasing as a better, more cost effective option. This trend has significant implications for credit unions, providing a chance.

CUNA Lending Council Conference Recap

I had the opportunity to attend the Consumer Lending Roundtable at the recent CUNA Lending Council Conference in Denver. There was a goldmine of insights and strategies. Here are some key takeaways: Consumer Lending Roundtable Centralizing Lending: Many credit unions are shifting towards centralized lending to minimize branch-level friction. A notable strategy includes enabling branch.

How Artificial Intelligence and Machine Learning Are Being Used By Credit Unions in 2023

Origence Lending Tech Live 2023 Recap

The Origence Lending Tech Live Conference took place in Las Vegas a week or so ago. It was an exceptional event that brought together credit union professionals, industry experts, and technology providers. The focus was on empowering credit unions through innovative lending technology. The conference provided valuable insights, strategies, and solutions to navigate the evolving.

Webcast Recap: Helping Credit Unions Connect with AI and DPA

Technology now helps financial institutions improve every part of the lending process. So Credit Unions may wonder how to compete with megabanks employing fleets of engineers building solutions. Enter Origence and its partnership with Informed.IQ. During a recent webcast hosted by Origence, Justin Wickett, CEO and co-founder of Informed.IQ joined Bill Lynch, Origences VP of.

Demystifying Auto Ancillary Product Contracts

At Informed, we know auto lending. Six of the top ten US auto lenders use our service in their lending process and we’ve learned quite a bit from that experience. On the technology front, we have multiple patents and received two provisional patents in 2022. With AI and Machine Learning, we perform validation checks on.

Justin Wickett on Fintech 1-1

Recently Informed CEO, Justin Wickett, sat down for a chat with Peter Renton on the Fintech One on One Podcast to talk about how Informed’s AI technology helps lenders make accurate lending decisions by automating verifications in real-time with 99% accuracy. They also explored: You can listen to the whole episode here. Some snippets from.

Origence Partners with Informed for Credit Union Auto Loans

We are pleased to share the news that Informed will power Origence’s Document Process Automation functionality for Indirect Auto Lending to automatically identify documents and validate financing policies, creating a better credit union and dealer experience. Through accurate consumer income calculations and validation of applicant data, loan documents, and documented classification and stacking, loans are processed faster.