Consider These 8 Factors Before Choosing a Loan Management System
The requirement of lending businesses to have an agile and user-friendly lending solution has moved beyond a functional need to a strategic requirement. Paper-based system or spreadsheets have become obsolete and no longer meets the rising demands. Businesses need a...
Why Do You Need to Re-Evaluate Your Credit Scoring Process?
Lending as a dynamic industry has been subjected to numerous upgrades in terms of methodology. One needs to stay updated with the latest technology trends in order to stay relevant. Traditionally, lending companies have been evaluating their customers on the basis of...
Rule-Based Credit Scoring for Better Evaluation
A credit score is crucial for lenders as it gives a fast and objective measurement of the creditworthiness. In today’s world, lending companies must make accurate credit decisions while offering loans to its customers. A detailed and consistent analysis must be...