Default Management: How to Collect on a Bad Debt Easy
In a perfect world, borrowers would always repay their debts on time and in full. But the reality is that life is not always perfect and sometimes people do default on their loans. When this happens, it’s important for the lender to take swift action to protect their interests. After all, bad debt can be […]
What to Look for in Loan Servicing Software
As a lender, you know the importance of having an efficient and effective loan management system. But with so many software choices on the market, how do you know which one is right for your institution? Here are some things to look for when making your decision. Loan servicing software should be easy to use […]
5 Features You Need in Auto Finance Software
When you’re in the business of auto financing you have serious competition making every second count when it comes to closing a deal. Having the right lending software at the core of operations makes all the difference. This specialized software automates many of the tasks involved in lending, including verifying customer information and calculating payments. […]
What is Loan Participation?
The Basics of Loan Participation In the world of lending there is an entire ocean of possibilities when it comes to making things happen for borrowers. One such commodity, that may be unfamiliar to some, is called loan participation. This post will break down what loan participation is, how it works and how both lenders […]
What is Loan Servicing Software?
How Loan Servicing Software Improves the Lending Experience With so many more consumers in today’s market than ever before, speed and efficiency are a constant top priority for every business under the sun. When it comes specifically to lenders, the best way to streamline business is to have a quality loan servicing software like Nortridge […]
6 Reasons Why You Should Offer Buy Now Pay Later Services
Offering your customers different payment options can help create long-lasting relationships with them and boost sales. Our Nortridge loan management software includes the ability for your customers to set short-term installment loans up, also known as the buy now, pay later arrangement or, website payment plans (if you plan to sell on your website.). In this blog post, we’ll go […]
ConsumerFi Podcast: Prepping Your Business for Sale with Colonnade Advisors’ Gina Cocking
ConsumerFi Podcast: Prepping Your Business for Sale with Colonnade Advisors’ Gina Cocking August 1, 2022 Episode 18 Summary Joel is joined by Sub Prime Auto Finance News Senior Editor, Nick Zulovich, and Colonnade Advisors CEO, Gina Cocking, for a discussion on preparing business for sale, touching on subjects like how diversification can be a double-edged […]
What is Loan Management Software
Understanding Loan Management Software There are many different types of software out there that businesses utilize in order to manage their operations more efficiently. These helpful software platforms make tasks like tracking inventory, storing customer data and managing financials a whole lot easier. When it comes specifically to lending institutions, however, nothing satisfies their operational […]
The Most Distant Tech Support Call: Apollo 14
February 4, 1971. Mission Commander Alan Shepard, the first American in space, has finally made it into Lunar orbit. His Lunar module pilot Stu Roosa stands at his side abord the Lunar Module Antares. The command module pilot Ed Mitchell is on a separate orbit in the Command Module Kitty Hawk, from which they detached […]
Consumer Installment Software: Manage Consumer Loans Without Struggle
As a lender, you know that managing your consumer loans can be a struggle. You have to keep track of each individual loan, the payments being made and when each payment is due. This can be time-consuming and frustrating. Luckily, there is software available to help manage your consumer loans for you. The Nortridge Loan […]
