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Loan Origination System Workflow: Key Steps, Benefits, and Best Practices
A loan origination system workflow is the series of steps used to move a loan application from intake through underwriting, approval, funding, and the transfer to servicing. A clear workflow helps lenders and loan servicers reduce manual work, improve visibility, and create a more consistent process across teams. In this guide, we’ll break down each […]
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Nortridge vs. MSP®: Which Mortgage Lending Software is Right for You?
Nortridge and MSP are both loan servicing platforms, but they come from different ends of the mortgage technology market. Nortridge is an independent, configurable servicing platform built to work with any loan origination system. MSP is ICE Mortgage Technology’s servicing platform, built to pair with Encompass within the same ICE ecosystem. In this guide, we’ll […]
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Indirect Auto Financing Explained: How It Works for Lenders
Indirect auto financing is a lending model where borrowers obtain financing through a dealership rather than directly from a bank, credit union, or finance company. The dealership acts as an intermediary, connecting borrowers with lenders and facilitating the loan process from application through funding. For lenders, indirect auto financing can expand loan volume and strengthen […]
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Auto Loan Laws: What Lenders Need to Know in 2026
Auto loan laws affect nearly every stage of the lending process, from disclosures and borrower communication to repossessions and servicing records. As regulations continue to shift, lenders need better visibility into loan activity, documentation, and reporting workflows. In this guide, we’ll cover the key auto lending regulations lenders should know in 2026, the most common […]
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Best Agriculture Lending Software Platforms for Lenders in 2026
Agriculture lending comes with operational demands that general-purpose loan software often isn’t built to handle. Seasonal cash flow, complex collateral structures, and variable repayment schedules require platforms built for how ag lenders actually work. This article compares 10 agriculture lending software platforms to help you find the right fit. Nortridge Loan System is a configurable […]
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Reverse Mortgage Statements Explained: How to Read Them and Best Practices for Servicers
Reverse mortgage statements are more operationally complex than traditional mortgage statements. Because borrowers are not making standard monthly principal payments, loan balances increase over time as interest, mortgage insurance premiums, servicing fees, and borrower draws accumulate. That complexity creates real challenges for servicers managing accuracy, transparency, and audit visibility across a portfolio. In this guide, […]
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Outsourcing Loan Servicing: Pros, Cons, and When to Bring It In-House
Outsourcing loan servicing is a practical choice for many lenders, especially when they are scaling quickly or working with limited internal resources. But as portfolios grow and reporting demands increase, the tradeoffs become harder to ignore. Compliance visibility, borrower experience, and lending tech stack considerations all come into sharper focus over time. In this article, […]
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What Is Credit Underwriting? Process, Criteria, and Best Practices
Credit underwriting is the process lenders use to evaluate borrower risk before approving a loan. Underwriters review factors like credit history, income, debt obligations, collateral, and repayment capacity to determine whether a borrower qualifies for financing and under what terms. For lenders and loan servicers, underwriting is not just about approval decisions. It directly shapes […]
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How to Calculate APR on a Loan (+ Formula & Examples)
APR, or Annual Percentage Rate, is the yearly cost of borrowing money expressed as a percentage. It includes both the interest rate and certain required lender fees, giving borrowers and lenders a more complete picture of what a loan actually costs. Many people treat APR and interest rate as the same thing, but they are […]
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