LoanPro

When it comes to automotive loans, your customers aren't just shopping for credit—they're shopping for the car (or boat, or motorcycle) of their dreams. The loan is just a means to that end. So, how can lenders make the process smoother, faster, and more rewarding for everyone? Our latest blog post explores how modern technology can streamline the origination process, making it seamless from start to finish. A smoother, faster loan process means happier customers, more loyalty, and less hassle for your team. ?? Read our full blog post to learn how you can rev up your auto lending origination: https://lnkd.in/gDa858W9

Last week, our Chief Customer Officer Jeri Larsen had the privilege of joining the Executive Roundtable SLC CXO panel. The discussion was filled with valuable insights from leading industry figures on topics like innovation, AI, data analytics, and emerging industry trends. A big thank you to Executive Roundtable for including us in such a dynamic conversation!

In the fast-paced world of credit platforms, platform failure isn't just a possibility—it's a real risk. And when platforms go down, the fallout extends far beyond just technical issues. Our newest blog post tells a recent story of a credit provider whose untested platform crashed at launch, causing system outages, customer payment issues, and eventually, hefty fines. It's a lesson on why platform resilience and sustainability should be at the heart of every credit provider’s strategy. ?? Read the full post and discover why sustainability should be your top priority when choosing a credit platform: https://lnkd.in/gJZM8ryD

What started as a solution to our founders own auto lending struggles has grown into a powerful platform that supports not just auto lending, but all types of credit providers. With tools designed to streamline operations, reduce manual work, and drive portfolio growth, LoanPro is revolutionizing the industry. In our latest blog, we dive into the history of LoanPro and the insights we've gained along the way. ?? Read the full story and discover how LoanPro can help upgrade your lending business: https://lnkd.in/gPapsgK2

Missed the "Fraud Prevention, AI, and Compliance in SMB Financing" webinar last week? No worries! Catch up with our detailed recap and watch the full session on-demand now ?? Our key takeaways: ?? Clean, well-managed data—both internal and from third-party sources—is crucial for detecting and preventing fraud. ?? The U.S. is seeing a record number of new businesses—500,000 launched each month! While exciting, this growth presents unique fraud challenges.? ?? AI alone isn't enough. A pragmatic approach that combines AI's speed with human expertise ensures regulatory compliance and accuracy. Learn from industry experts Colin Terry, COO & EVP of Product at LoanPro, Jonathan Awad, CEO & co-founder of Baselayer, and Ashwin Chandrasekaran, Senior Director of Product Management at Forward Financing, about how financial organizations can leverage next-gen technology to combat fraud while staying compliant. Watch the full webinar here: https://lnkd.in/gfXVXe4e

In our latest blog post, LoanPro's CEO & co-founder Rhett Roberts explores the balance between deliberate and emergent strategies—how a clear plan can evolve with new insights and opportunities. Drawing on lessons from Honda’s evolution and his own entrepreneurial journey, Rhett shares how being open to change helped him and his brothers grow their car dealership into a leading lending and credit platform. ?? Read the full blog post here: https://lnkd.in/gBAbxJth

Last call for registrants!??? Tomorrow at 12 PM ET, Colton Pond, Jonathan Awad and Ashwin Chandrasekaran will discuss the challenges and solutions in combating fraud, including the role of AI in enhancing fraud detection and compliance, real-time monitoring, automation, and best practices for navigating the evolving regulatory landscape ?? Save your seat today for this insightful webinar: https://lnkd.in/gaiXcpkR Can't make it live? No worries, we’ll send a recording to all registrants so you can watch it at your convenience.

Fraudsters are growing more sophisticated, leading to billions in losses for financial companies each year. To stay ahead of the threat, it’s crucial for these organizations to adopt tech-forward strategies that effectively mitigate risk and safeguard against substantial losses. Join Colton Pond, CMO at LoanPro, Jonathan Awad, CEO & co-founder of Baselayer, and Ashwin Chandrasekaran, Senior Director of Product Management at Forward Financing, for an in-depth webinar on everything you need to know about fraud prevention and compliance in SMB financing. ??? November 12th, 2024 at 12 PM ET Save your seat today: https://lnkd.in/gaiXcpkR

Onboarding in fintech should take minutes, not months. ?? In the latest episode of Accrued, hosts Tedd Huff and Colton Pond sit down with Timothy Li, CEO of LendAPI (Techstars '24), to discuss how his new startup is revolutionizing fintech by making onboarding faster, easier, and more affordable. He also offers insights on the future of fintech, the importance of fraud detection, and key strategies for startup success in this rapidly evolving industry. Read our recap after listening to the full episode on Fintech Confidential ??

The CFPB's long-anticipated 1033 rule is set to transform how consumers interact with their financial data. ???? Starting in 2026, the largest financial institutions will have to comply, with others following in the years to come. The goal? Lowering loan costs and giving consumers the power to fire bad service providers. As compliance deadlines draw closer, what's clear is this: Customer experience will be key. ?? Whether consumers are firing bad banks or supplementing their services with third-party tools, your ability to deliver a seamless, secure experience will determine your future in the open banking era. ?? Learn more in our latest blog post: https://lnkd.in/eqbDi3p6 #cfpb #1033rule #compliance #openbanking