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Lending

The Revolution (Part II) - Straight to Underwriting

Dean Sioukas | Posted 02.02.2017 | Business
Dean Sioukas

Some of you may have read my first blog of 2017, "The Revolution Has Begun (Part 1) - How A Radical Shift Is Changing The Face Of Banking In America,"...

The Revolution Has Begun (Part 1) - How a Radical Shift is Changing the Face of Banking in America

Dean Sioukas | Posted 01.05.2017 | Business
Dean Sioukas

Happy New Year... and what a year it will be as the revolution has begun. We are living in a rapidly changing landscape in which traditional commerci...

When Clean Energy and Capitalism Collide

NationSwell | Posted 11.01.2016 | Impact
NationSwell

Billy Parish studied climate change as a student at Yale, but it wasn't until a summer trip to India after his sophomore year that the reality of the ...

Find Out Why Lenders Want Your Bank Statements

Jared Hecht | Posted 09.29.2016 | Business
Jared Hecht

If you've ever gone through the business loan application process, you know that preparing all that paperwork is one of the biggest pains of applying.

Why Do Lender's Ask For Third-Party Audits?

Jared Hecht | Posted 09.09.2016 | Business
Jared Hecht

Congratulations! Your hard work searching for business financing and applying for your small business loan has finally paid off. You've been approved ...

How Big Data Is Changing Conventional Lending

Phil Simon | Posted 06.08.2016 | Business
Phil Simon

It's no overstatement to say that new technologies and Big Data are upending many traditional industries. Sure, there are multi-billion-dollar darling...

Karma-Duped: A Cautionary Tale About the Murky World of Venture Lending

Greg Selkoe | Posted 05.09.2016 | Business
Greg Selkoe

I've had a strange and interesting past 18 months. Karmaloop, the company I founded in my parents' basement and ran for 15 years, was pushed into ban...

FinTech Could Help Achieve Full Financial Inclusion

Javier Saade | Posted 03.25.2017 | Business
Javier Saade

We are currently in the midst of an incredible confluence of potentially seismic macro trends that touch every soul. The economic and social promise of all this incredible action could help usher in a world which enjoys much more inclusive financial services and capital access.

High-Impact Investing

Mark Pinsky | Posted 02.10.2017 | Impact
Mark Pinsky

The Community Reinvestment Act (CRA) is as important and successful as it is simple: Banks that operate with taxpayer-funded support must reinvest in ...

After the Fall: Beyond The Big Short

AdaPia d'Errico | Posted 01.11.2017 | Business
AdaPia d'Errico

Anyone working in finance or real estate watches the housing and stock markets, economic indicators, social trends and, more recently, films. Specific...

Small Business Owners: Don't Get Lost in the Paperwork

Jim Salters | Posted 12.15.2016 | Business
Jim Salters

As the peak of the holiday season approaches, many small businesses will be seeking an injection of capital. This is a busy time for many business owners who need to account for an increase in sales.

Surviving a Red Hot Market Means Thinking Differently

Yee Lee | Posted 11.30.2016 | Business
Yee Lee

Fintech is red hot. In the past 18 months alone, we've seen more than 400 new lending companies launch. Walking the LendIt 2015 exhibition halls just ...

The Social Fabric of Finance

Yee Lee | Posted 11.24.2016 | Business
Yee Lee

Isolated Lending Finds a Friend in Social Networking For decades the lending industry has tirelessly pursued the perfect equation to determine a bor...

3 Strategies to Decrease Confusion Between Borrowers, BDOs, and Underwriters

Boyd Mortensen | Posted 11.10.2016 | Business
Boyd Mortensen

If an organization implements these three strategies, their costs will decrease and their results will increase. We have seen organizations save from 30 - 70 percent on time needed to gather and share the documents and data in their loan process. This frees organizations up with more time to find and help customers.

Finance Technology and You: Getting Proactive With Credit

Yee Lee | Posted 10.15.2016 | Technology
Yee Lee

Technology has a long history of reshaping the relationship between people and their money. Remember life before the ATM? Imagine how different your spending habits would be if you still had to walk into a bank and speak with someone every time you wanted extra cash.

The #1 Number to Know For Small Businesses Seeking Financing

Jim Salters | Posted 09.23.2016 | Business
Jim Salters

Many small business owners begin their search for capital by seeking out financing options. However, they might be skipping an important step: knowing their business' credit score.

Credit Union 101: What's the Difference, and Why You Should Make the Switch!

Rachel Pross | Posted 09.04.2016 | Business
Rachel Pross

If you're wondering what the deal is or why you should make the switch from your big bank, you're already halfway to making a very smart decision.

In the Market for a New Car? Auto Loans at a 10-Year High

Mary Ellen Biery | Posted 08.31.2016 | Business
Mary Ellen Biery

BMW Bank of North America, the lending arm of the popular luxury vehicle brand, took the top spot, with more than $7.1 billion in auto loans on its books as of second quarter. Ranking second was Atlanta-based regional bank Fidelity Bank, which dedicated nearly 42 percent of its total assets to auto lending.

Ready or Not, Millennials Are Changing How We Do Business Forever

Jason van den Brand | Posted 06.26.2016 | Technology
Jason van den Brand

In the next 20 years, Millennials will receive over $20 trillion in inheritance, with over $7 trillion being passed along by 2020, according to Bloomberg Business. This is the largest wealth transfer our country has ever seen, and the impact will be seismic.

Who Are the Top Lenders to Small Business?

Mary Ellen Biery | Posted 05.12.2016 | Small Business
Mary Ellen Biery

Financial institutions across the U.S. this week celebrated small businesses in a big way -- offering grants from $10,000 to $100,000, holding seminars, and touting their service and commitment to those firms considered to be the backbone of the U.S. economy.

P2P Lending Is Not Dead

Jorge Newbery | Posted 06.08.2015 | Business
Jorge Newbery

A short while ago, I pronounced P2P lending dead. Annihilated. Massacred by Wall Street bankers. Choked by a Black Rock. Then, I heard from Dara Albright, co-founder of LendIt, the largest peer-to-peer lending conference in the world.

Big Banks Abuse Consumers and Shake It Off

Jorge Newbery | Posted 05.30.2015 | Business
Jorge Newbery

When the US Justice Department announced last August that it was levying a $17 billion penalty against Bank of America for its role in bringing on the mid-2000s housing crisis, pundits said the sheer size of the fine would make all banks take notice.

P2P Lending Is Dead

Jorge Newbery | Posted 04.22.2015 | Business
Jorge Newbery

First, disco bit the dust. Then, punk rock keeled over. Now, peer-to-peer lending has been annihilated. Who murdered P2P? Wall Street.

Lending Club's IPO and the Unravelling of the Banking System as We Know It

Jason van den Brand | Posted 03.08.2015 | Money
Jason van den Brand

When history is written, the Lending Club IPO will serve as the tipping point for the disruption of the traditional lending model, and ultimately the unraveling of the banking sector as we know it.

A New Year's Resolution for Our Military Community

Jane Whitfield | Posted 03.04.2015 | Impact
Jane Whitfield

Here's a New Year's resolution for the Pentagon: Fix the Military Lending Act. And this is just a first step for all of us towards helping the military community build long-term financial security.