Dominion chose FUNDINGO as their partner who could to help them transition to a fully digital, streamlined and integrated Loan Management System
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Quick Tips on Using Salesforce for Lenders
By this point, you know your business should be propelled by the need to get ahead, not just the need to keep up. For many lenders, this means integrating technology into your business’s operations. Using a CRM to unify your processes and data can help you achieve just that. While the benefits of better data […]
How Can You Help Your Clients Be Better Borrowers?
To most borrowers, getting a mortgage sounds simple enough. So why do so many of them drop off between approval and closing? As it turns out, lenders often forget how mysterious the process may appear to new borrowers. A change in income or debt can disqualify unsuspecting borrowers seemingly out of the blue if they’re […]
CloudMyBiz Named in the Inc. 5000 List for Third Year
In times of change, those who stand out are those who adapt. This statement is what guides CloudMyBiz’s vision. We are proud to announce that Inc. magazine has named CloudMyBiz on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most […]
SBFA Responds to New York’s APR Disclosure Bill
Following the vague terms of bill A10118A/S5470B, which would require New York lenders to provide certain uniform disclosures, it’s no surprise that industry leaders are reacting with frustration. Steve Denis, Executive Director of the Small Business Finance Association, remarked, “It’s actually shocking to me how tone deaf those who claim to represent our industry are […]
Consumer Expectations Will Set the New Lending Standard
Changing times result in changing industries. With stiff competition among businesses, the new standards for success are being set by customer expectations. Industries from education to lending are learning fast that to stay in business, they must remain highly competitive and in-tune with their customers. J.D. Power’s 2020 U.S. Primary Mortgage Servicer Satisfaction Study announced […]
Borrowers Still Hold Misconceptions About Alternative Lenders
The economic crisis is causing more and more businesses to seek additional funding. Many individuals who are beginning their search still have long-held misconceptions about what makes them a good candidate for a loan. So, what do some of those misconceptions look like? While traditional bank loans may have strict requirements for applicants, many business […]
Alternative Lenders Face Unclear Regulations in New York
With the economic downturn taking a toll on lenders and borrowers alike, more borrowers have turned to non-bank options for their funding. However, on the opposite side of this dilemma sits the federal agencies overseeing the activities of these lenders. The urgency to better regulate the industry has led to legislation that leaves lenders with […]
Humans are Social Beings—and the Stock Market Shows the Same
Trade shows, weddings, vacations, family visits. Humans are social animals and it’s in our nature to stay connected. For hundreds of years, we were bound to paper mail at best. Then, air travel changed that all. But now with travel being risky (if even available), how are people adapting? The first thing you could […]
Security Spells Success for Financial Tech Companies During the Pandemic
Both businesses and individuals have taken the COVID health emergency as an opportunity to bring their operations online. As the number of remote financial transactions grows, more and more companies are trying to capitalize on this trend. However, with billions of dollars circulating online, financial software needs to be safer than ever before. First, how […]
