Blogs by Leslie Parrish

June 10, 2021

Written by Leslie Parrish and Tiffani Montez

Even lenders with significant digital mortgage lending capabilities will tell you that attracting a potential borrower and moving them through the homeownership journey from loan application to closing is a significant time investment. Lenders face challenges in retaining borrowers throughout the homebuying journey and later when that customer wants to refinance or buy another home.

March 3, 2021

Consumer lenders face considerable challenges making loan decisions in this volatile and uncertain economic environment. While traditional credit data is certainly foundational in assessing creditworthiness, other sources can provide critical real-time insights that this data lacks. In a recent Aite Group survey, nearly half (48%) of consumer lenders indicated that they are somewhat less or far less confident in using traditional credit data for loan decisioning.

December 17, 2020

For the second year in a row, Aite Group has partnered with TransUnion to conduct a comprehensive survey of the third-party debt collections industry. The industry was rocked this year by the sudden economic downturn and need to work remotely brought about by the COVID-19 pandemic.

December 2, 2020

Earned wage access (EWA) solutions enable workers to obtain some of the pay they’ve already earned before their regular payday. Companies such as DailyPay, PayActiv, and Even have offered these solutions for several years through partnerships with employers. These solutions can help consumers solve for financial shortfalls or ill-timed expenses without using high-cost credit or overdrawing a bank account.