Credit Unions
by September 18, 2012,
Credit Unions
What does the mortgage interest rate, currently at an all time low
of 3.55% (for 30 yr. fixed), mean for financial institutions?
According to the latest Experian-Oliver Wyman Market Intelligence
Report, 75% of the mortgage originations are refinancing vs.
purchasing loans. As mortgage rates...read more
by September 10, 2012,
Credit Unions
For more than 20 years, creditors have been using scores in their
lending operations. They use risk models such as the
VantageScore credit score, FICO or others to predict what kind of
risk to expect before making credit-granting decisions. Risk models
like these do a great job of separating the...read more
by August 20, 2012,
Credit Unions
They say, “a bird in the hand is better than two in the bush” …and
the same can be said about customers in a portfolio. Studies have
shown time and again that the cost of acquiring a new financial
services customer is many times higher than the cost of keeping an
existing one. Retention has...read more
by August 19, 2012,
Credit Unions
The great thing about being in front of customers is that you learn
something from every meeting. Over the years I have figured
out that there is typically no “right” or “wrong” way to do
something. Even in the world of fraud and compliance I find
that each client's approach varies greatly. It...read more
by August 15, 2012,
Credit Unions
In this three-part series, Everything you wanted to know about
credit risk scores, but were afraid to ask, I will provide a high
level overview of: What a credit risk score predicts; Common myths
about credit risk scores and how to educate consumers; and finally,
Scoring traditionally un-scoreable...read more
by August 10, 2012,
Credit Unions
The intense focus and competition among lenders for the super prime
and prime prospect population has become saturated, requiring
lenders to look outside of their safety net for profitable
growth. This leads to the question “Where are the growth
opportunities in a post-recession world?”...read more
by August 7, 2012,
Credit Unions
Last week, a group of us came together for a formal internal forum
where we had the opportunity to compare notes with colleagues, hear
updates on the challenges clients are facing and brainstorm
solutions to client business problems across the discipline
areas of analytics, fraud and software. As...read more
by July 26, 2012,
Credit Unions
As the economy is starting to finally turn around albeit with
hiccups and demand for new credit picking up, creditors are
loosening their lending criteria to grab market share. However, it
is important for lenders to keep lessons from the past to avoid the
same mistakes. With multiple government...read more
by July 18, 2012,
Credit Unions
Earlier this week the CFPB announced a final rule addressing its
role in supervising certain credit reporting agencies, including
Experian and others that are large market participants in the
industry. To view this original content, Experian and the
CFPB - Both Committed to Helping Consumers. ...read more
by July 2, 2012,
Credit Unions
- by Mike Horrocks This week, several key financial
institutions will be submitting their “living wills” to Washington
as part of the Dodd-Frank legislation. I have some empathy
for how those institutions will feel as they submit these living
wills. I don’t think that anyone would say writing a...read more
