Han Solo’s Debt Revisited
A long time ago (in a galaxy far, far away) I wrote a blog entitled “How Much Did Han Solo Owe?” From various pieces of evidence in the films Star Wars: Episode IV (A New Hope) and Star Wars: Episode V (The Empire Strikes Back), I concluded that with an initial debt of 10,000 Imperial […]
Keys to a Successful Nortridge Loan System Implementation
Rather than scratch the surface that has been scratched so many times, I’m going to get down into the weeds and talk about implementation success in more detail. The topics here are not in order of importance, but they are also not arbitrary. There is a natural order of the presentation. Scale First, you must […]
Turning Data to Gold
Have you seen any of those gold mining programs on television lately? It seems everyone has gold fever, and gold mining has become a booming business. I don’t know anything about mining gold, but I do know about mining data. And as far as I’m concerned, you can turn data into gold if you know […]
Data – The New Moat for Lenders
The word around Wall Street and Silicon Valley is machine learning is going to revolutionize every industry – including financial services. That is, if the technology lives up to its hype, it will solve the mother of all problems: how to price and predict borrower risk. Revolutionizing lending through machine learning doesn’t sound plausible when […]
What is the Effect of Beginning or End of Day Accrual on APR?
In a previous blog, I detailed out the Reg Z method for determining APR from a payment stream. In another previous blog, I detailed a method for determining a best fit amortized payment. It occurs to me that combining these two procedures gives us the ability to see what affect one small change to a […]
Calculating APR (Part 1)
Loan servicing with custom amortizations can be challenging, especially when dealing with multiple payment periods and varying interest rates. However, with the help of the Nortridge Loan System, you can streamline the process of calculating amortized loan payments, ensuring accuracy and efficiency in your lending operations. In this blog, we’ll explore the complexities of calculating […]
How to Make Credit Cards Work For You
Credit cards are awesome. I have a queue of credit card applications like an online-shopper has a wish list. But it wasn’t always that way. In fact I, like many others, believed that the path to good financial health lies in using as little credit as possible for fear of falling into debt. That was, […]
Trends to Watch in 2017
Making predictions in the ever-changing lending and financial markets is indeed speculative at best, but it’s worthwhile to see what various experts and outlets believe are the trends to watch and the pitfalls to avoid. As the new year begins, we’ve gathered some articles we think might interest you: 10 Fintech Predictions for 2017 Chris […]
The Giants Awaken
Lenders should keep an eye on Goldman Sachs and its soon-to-be-launched online lending products. Last year, news broke that Goldman was fighting against Avant and other online lenders by becoming one itself. It hired Harit Talwar, a former Discover exec to lead and create its new division. Over the last year, Talwar has rounded out […]
What Do Star Trek, The Roman Age, and Lending Have in Common?
Photo by Nathan Rupert via Flickr Somewhere around the year 2268, the USS Enterprise found a planet with a human civilization, which had apparently followed a parallel sociological and historical path to that of the Earth. On this planet – called Magna Roma – the Roman Empire had never fallen and existed in a state […]
