Building Next Generation Lending Applications - Part 1
We have previously discussed fundamental shifts currently taking place in the lending market. The fact is traditional lenders, for a variety of reasons, have lagged other industries in adoption of new technologies. A handful of disruptive lenders are now seizing the opportunity by rethinking how they interact with borrowers, from the start of the application process, to servicing of the loan. Over the coming weeks, we will be releasing a series of blogs detailing how to use modern web technologies, predictive analytics, and machine learning in combination with tried and true loan origination practices to create next generation lending applications. These applications will enable companies, both new and established players, to better serve the needs of their ever changing customer base.