The consumer finance industry has seen a significant increase in backup servicing agreements as investors and originators seek to mitigate risk in uncertain economic times. These appointments serve as a…
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Conversations around the cost of higher education and the student loan debt burden are pervasive in everyday life. They dominate news headlines, propel political campaigns, and incite divisiveness. While both parties agree that addressing the student debt problem…
Be prepared with a comprehensive strategy to address default and recover capital. Formulate a plan to address outstanding collectibles. Lenders should address outstanding collectibles using either internal resources or by…
When a loan becomes past due it enters the delinquency stage of the lending cycle. A loan that remains delinquent for an extended period of time will enter default which…
A loan that remains delinquent for an extended period of time will enter the default stage, which means a borrower has violated the terms of their agreement and the loan…
After origination a loan will enter the repayment stage and may remain there until paid in full. Most lenders choose a loan servicing partner to manage the repayment process on…
After origination a loan may enter the deferment stage where repayment is delayed for a set amount of time, often several months. A lender should design a comprehensive communication strategy…
Origination, which is the initial funding and disbursement of a loan, marks the first stage in the lending cycle. For most lenders, the process of optimizing loan performance begins prior…
The lending cycle contains six distinct stages, each requiring different operational strategies and resources. Lenders and investors need to consider the entire lending cycle and develop optimization strategies that address the needs of each stage in the loan process.
