How to Manage Loans During an Economic Downturn
Lending during an economic downturn changes drastically when compared to a more balanced economic situation, and many new lenders oftentimes are unaware of just how much changes. In this article, we aim to clear up the process of loan management during tough economic times and give you a few tips you need to succeed. Efficiently […]
What Are the 3 Most Common Types of Installment Loans?
When it comes to lending, installment loans form the foundation of the industry. These loans provide borrowers with access to significant funds, which they can repay over time, and offer lenders predictable revenue streams. However, for lenders, efficiently managing installment loans is essential to maintaining profitability, staying compliant, and building lasting relationships with customers. At […]
What Level of Software Support is Available with a Business Lending Platform?
Managing loan portfolios effectively hinges on having the right software support in place. For lenders, loan software simplifies day-to-day tasks, improves accuracy, and boosts productivity. But no matter how advanced the software is, reliable support services for lenders are key to ensuring everything runs smoothly. In this article, we’ll explore the various types of lender […]
6 Tips for Managing Loan Servicing Operations Remotely
Managing loan servicing operations remotely can be difficult at times. That goes for whether you are a remote lending company or have a brick-and-mortar location that is open to the public. However, remote lending business does have unique-to-them challenges, from establishing communication protocols to providing adequate training. At Nortridge, we understand the unique challenges of […]
Meeting Borrower Expectations: Tips for Successful Lending
In today’s competitive lending market, meeting borrower expectations is essential for success. Borrowers have become increasingly discerning and well-informed, expecting seamless and personalized experiences from their lenders as well as exceptional lender customer service. At Nortridge, we understand the importance of providing a top-notch lending experience to borrowers across all of the various industries we […]
How to Leverage Loan Analytics to Grow Your Lending Operations
Companies that offer financing on their products and services are like any other business – they strive to improve their bottom line and make sound financial decisions. Growing the lending operations is essential to staying competitive in today’s market. However, creating and maintaining that growth can be a challenging task without the right tools and […]
10 Common Struggles Lenders Face Daily (With Solutions)
As a lender, we know you face daily challenges in managing your loan portfolios and maintaining efficient workflows. These struggles with loan servicing can hinder your ability to grow your business and provide quality service to your clients. Fortunately, with the right lending software, you can overcome these challenges and achieve your goals. In this […]
How to Start a Payday Loan Business
Starting a payday loan business can be a lucrative venture, but it comes with its own set of challenges and responsibilities. Payday loans offer short-term, high-interest loans to individuals in need of quick cash to cover immediate expenses. As a lender, you have the opportunity to help people bridge financial gaps with advance cash services, […]
The Nortridge Path to Loan Automation
In today’s lending environment, efficiency and accuracy are more important than ever. The demand for quicker loan approvals, error-free processing, and seamless customer interactions has never been higher. At Nortridge, we understand that the key to meeting these demands lies in the art of automated loan processing. In this article, we’ll explore the benefits and […]
What Are the Benefits of Having an SMS Integration in Your Loan Servicing Software?
Communication is the heartbeat of loan servicing. Whether we’re reminding borrowers of upcoming payments or resolving issues before they escalate, staying connected is essential. But in an industry where timing and precision are everything, traditional methods just don’t cut it anymore. That’s where integrated text messaging with Nortridge becomes so valuable. In this article, we […]
