MicroBilt Corporation
MicroBilt Corporation
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  • Instant Bank Verification
    Lenders using MicroBilt's Instant Bank Verification gain immediate insight into the banking information necessary to make more accurate decisions in the lending process.
MicroBilt Corporation
MicroBilt Corporation
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New blog articles detected.

  • Risk Verification
    With MicroBilt’s extensive Risk Verification Database at their disposal, any organization that accepts ACH, RDC, electronic checks and more can successfully manage their risk portfolio and avoid the burden that comes with onerous returns.
MicroBilt Corporation
MicroBilt Corporation
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New blog articles detected.

  • Background Screening
    Businesses that don't perform complete background checks put themselves, their employees and their customers in danger.
MicroBilt Corporation
MicroBilt Corporation
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New blog articles detected.

  • Business Credentialing
    Verifying potential partners and understanding market changes is vital to effectively mitigating risk.
MicroBilt Corporation
MicroBilt Corporation
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New blog articles detected.

MicroBilt Corporation
MicroBilt Corporation
Blog Article

New blog articles detected.

MicroBilt Corporation
MicroBilt Corporation
Blog Article
MicroBilt Corporation
MicroBilt Corporation
Blog Article

New blog articles detected.

  • GOP Rewrite of Dodd-Frank Act: How Could It Impact Lending Practices?
    On May 4, the House Financial Services Committee approved the Financial CHOICE Act, voting to send the bill to the House floor, according to The Hill. Developed by Chairman Jeb Hensarling, the proposed law would repeal many of the regulations instituted under the Dodd-Frank Wall Street Reform and Consumer Protection Act. If enacted into law, how would the Financial CHOICE Act impact commercial and...
MicroBilt Corporation
MicroBilt Corporation
Blog Article

New blog articles detected.

  • 3 Ways Artificial Intelligence Will Impact Commercial Lending
    One could make the argument that hundreds of factors will determine whether a business will fail or succeed.In an ideal world, commercial lenders would be able to measure all those variables and weigh them against each other to determine whether a credit applicant will be able to pay the loan back on time and in full. Unfortunately, we're a long way off from that ideal world, but artificial intell...
MicroBilt Corporation
MicroBilt Corporation
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New blog articles detected.

  • 3 Technologies That Are Boosting Anti-Money Laundering Efforts
    PricewaterhouseCoopers estimated that money launderers process approximately $2 trillion worth of proceeds from illegal activities every year. Despite regulatory pressure from domestic and international governments, financial institutions (FIs) still struggle to institute cost-effective anti-money laundering strategies. For example, KPMG noted user satisfaction with transaction monitoring tools ha...
MicroBilt Corporation
MicroBilt Corporation
Blog Article

New blog articles detected.

  • 3 Ways to Overcome KYC Requirement Challenges
    According to a survey from Thomson Reuters, 89 percent of business managers have not had a positive experience with know-your-customer endeavors. In contrast to many other studies of KYC practices, Thomson Reuters spoke with corporate leaders who were not working in financial institutions. As a result, the researchers learned how KYC mandates were impacting commercial banking customers. The study ...
MicroBilt Corporation
MicroBilt Corporation
Blog Article

New blog articles detected.

  • How Could Trump's Regulatory Reform Impact Consumer Lending? Part Two
    In Part One of this series, we discussed a few executive orders the Trump administration issued over the past few months. Each of these orders detailed how executive branch plans to reform federal regulations.Now, we'll attempt to determine how those executive orders will impact consumer lending. Analyzing Impact on Economic Growth The executive orders we cited in our previous article didn't call ...
MicroBilt Corporation
MicroBilt Corporation
Blog Article

New blog articles detected.

  • How Could Trump's Regulatory Reform Impact Consumer Lending? Part One
    On February 24, President Trump signed an executive order detailing how the executive branch intends to enforce his regulatory reform agenda, giving consumers lenders a better idea of what to expect in the near future. In Part One of this series, we'll discuss what the president's regulatory reform agenda consists of and how the Trump administration plans to implement those changes. In Part Two, w...
MicroBilt Corporation
MicroBilt Corporation
Blog Article

New blog articles detected.

  • 3 ways artificial intelligence will impact consumer lending
    The average consumer produces quite a bit of information today.Every time someone pays a credit card or utility bill, some kind of system records that transaction for later reference. Add rent payments, outstanding loans other financial information in the mix, and you get a pretty detailed picture of that individual's financial situation. Still, most loan officers don't have the time to conduct de...
MicroBilt Corporation
MicroBilt Corporation
Blog Article

New blog articles detected.

  • 3 ways to optimize your commercial lending department
    What's the quickest way to assess a business credit applicant's creditworthiness? How can you ensure validity of the information you have at your disposal? How can you reduce the time associated with the loan approval process?All of the questions revolve around optimizing your commercial lending operations. Here are three ways you can achieve this goal. 1. Automatically copy documents to a complia...
MicroBilt Corporation
MicroBilt Corporation
Blog Article

New blog articles detected.

  • The value of delivering education through consumer lending services
    Loan officers and other personnel on the front lines of your consumer lending services often engage individuals who are new to the whole process. There's always going to be those first-time homebuyers or young adults who are trying to finance their first cars. In light of the fact that your lending department interacts with inexperienced consumers from time to time, it's worth assessing the value ...
MicroBilt Corporation
MicroBilt Corporation
Blog Article

New blog articles detected.

  • Answering the CIO's questions about alternative credit data
    Fintech companies from Avant to FinMkt are challenging conventional lending practices. Both millennial and immigrants, two groups which are defining America's demographic composition, have no trouble finding alternatives to lenders that exclusively rely on traditional credit data to provide loans. In response to this competition, some financial institutions (FIs) are reviewing the merits of integr...
MicroBilt Corporation
MicroBilt Corporation
Blog Article

New blog articles detected.

  • Why APIs are essential to your consumer lending operations
    The software that supports your consumer lending business can't provide all the information loan officers require to make decisions.For example, an application that contains borrower profiles may provide credit decisioning data, but rely on Fannie Mae's Desktop Underwriter system to calculate risk. In this case, an application programming interface (API) allows DU to send risk assessments to your ...
MicroBilt Corporation
MicroBilt Corporation
Blog Article

New blog articles detected.

  • How could blockchain change consumer lending services?
    Succeeding in today's consumer lending industry entails building an infrastructure designed to support digital products and services. CMOs and CFOs must collaborate with their technically minded colleagues to determine how the latest technologies can enable new services.Blockchain could provide financial institutions with the resources they require to develop new, innovative services. At the same ...
MicroBilt Corporation
MicroBilt Corporation
Blog Article

New blog articles detected.

  • Do you have the right consumer reports to score credit invisibles?
    There are about 26 million credit invisible consumers throughout the U.S., according to a report from the Consumer Financial Protection Bureau. While these individuals represent an untapped market, engaging them in the lending process is difficult because loan officers, underwriters and others have no traditional credit data to reference in the approval process. The absence of credit data doesn't ...
MicroBilt Corporation
MicroBilt Corporation
Blog Article

New blog articles detected.

  • How to manage financial risk when engaging credit invisibles
    Americans with thin-file and no-file credit reports represent a huge business opportunity for lenders. According to the Consumer Financial Protection Bureau, approximately 26 million people in the U.S. are "credit invisible," meaning they don't have reports with any of the big three credit bureaus. While this demographic is a source of potential revenue, lending to thin-file and no-file individual...
  • How alternative credit data can help enterprises achieve fair lending
    The 2008 recession put financial institutions under the microscope. Consumers are quick to judge FIs for both real and perceived transgressions, and organizations such as the Consumer Financial Protection Bureau aren't afraid to pursue companies accused of violating fair lending laws. While fair lending legislation has good intentions, it introduces risks to businesses that provide forms of credit...
MicroBilt Corporation
MicroBilt Corporation
Blog Article

New blog articles detected.

  • 3 reasons why you shouldn't rely on traditional credit data alone
    Loan officers require comprehensive financial information when assessing consumers' ability to pay back loans. However, they rarely collect all the data necessary to build a solid understanding of whether a person is creditworthy.Traditional credit reports can only tell lenders so much about a person's overall financial situation. An Equifax report may show a customer was late on a few credit card...
MicroBilt Corporation
MicroBilt Corporation
Blog Article

New blog articles detected.

  • Is it time for GSEs to use a different credit scoring model?
    Fannie Mae and Freddie Mac have been using credit scoring models from Equifax, TransUnion and Experian when assessing mortgages for some time. However, those models, all of which are based on the FICO score, prevent approximately 45 million Americans from participating in the housing market, if one considers the number of unscorable and credit-invisible individuals living in the U.S, according to ...
MicroBilt Corporation
MicroBilt Corporation
Blog Article

New blog articles detected.

  • How does alternative credit data fit into Fintech 2.0?
    Peer-to-peer lending, automated investing and new forms of retail banking defined Fintech 1.0. The movement expanded consumer choice, but it did not dismantle and rebuild the financial services industry. However, that's just what Fintech 2.0 may do.According to Santander InnoVentures, Fintech 2.0 promises to reshape the infrastructure on which financial services operate by extending data usage and...

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