The Modern Era of Loan Management Systems
In the age of global digital transformation, industries have experienced a significant positive shift benefiting consumers and businesses alike. Particularly in customer-centric sectors such as consumer lending, this transformation emphasizes improved overall service delivery. While initial efforts focused on automating loan origination, attention has now broadened to encompass loan servicing systems, creating a more comprehensive […]
How a Loan Management System Can Help Your Dealership
As the owner or operator of an auto dealership, you have several responsibilities you must juggle each day. Between communicating with customers, managing insurance notices, running compliance checks, and more, it is easy to become overwhelmed and unorganized without the right loan management system in place. With loan management software, you can streamline operations and […]
What is a Smart DMS?
Almost every dealer uses a dealer management system. It is vital to running your business. The more technology a DMS can provide usually equates to more efficiencies and ultimately more profit for your business. However, most DMS lack the technology that is needed to give you the tools to maximize efficiencies in your business. The […]
Loan Management System: The Next Step After a Loan Origination System
When borrowers apply for a loan at your auto dealership, your loan origination system can be a useful tool for setting up their account and processing their application. However, once this is complete and your borrowers drive off the lot, this system is not equipped to provide long-term loan services to help with communications, risk […]
Key Differences Between a Loan Management System and Dealer Management System
Today, the overwhelming majority of new car buyers set up their financing through a dealership, which in turn forces lenders to search for the right dealer management system (DMS) to handle all of their business needs. However, as your business grows so does your list of needs and expenses. A dealer management system still might […]
