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Pagaya streamlines underwriting, counteroffers

Bank Automation

(Courtesy/Canva) Pagaya is expanding its use of its Fast Pass offering, which allows consumers who meet certain criteria to bypass some documentation and stipulation information during the underwriting process, Ralph Leung, chief operating officer and chief commercial […] The post Pagaya streamlines underwriting, counteroffers appeared first (..)

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Imprint Partners with Nova Credit, Adding Cash Flow Analytics to Suite of Underwriting Capabilities

Fintech Finance

“This partnership with Nova Credit strengthens our underwriting approach without sacrificing speed, leading to better-informed credit decisions.” ” The post Imprint Partners with Nova Credit, Adding Cash Flow Analytics to Suite of Underwriting Capabilities appeared first on FF News | Fintech Finance. .

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Understanding Collateral Valuation Strategies in Corporate Loan Underwriting

Finezza

In corporate loan underwriting, collateral acts as a safety net for lenders, reducing the risk of loss, and making sure that the lender can recover their funds if a borrower defaults. Typically, the size of the loan a lender provides ranges from 70% to 90% of the collaterals value.

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Commonwealth automates majority of underwriting with AI

Bank Automation

Commonwealth Credit Union is using Zest AI’s underwriting solution to speed up customer service and improve risk modeling and accuracy of underwriting. Seventy percent to 83% of all our loan underwritings are automated now,” Chief Growth Officer Jaynel Christensen told Bank Automation News.

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Streamlining Loan Approvals with Automated Credit Underwriting Software

Finezza

A pivotal reason for this growth is the ongoing transformation of the traditional and time-consuming manual loan approval process, driven by the adoption of automated […] The post Streamlining Loan Approvals with Automated Credit Underwriting Software appeared first on Finezza Blog.

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REPAY and Worth Partner for KYB and Underwriting Tools to Speed Merchant Onboarding and Vendor Enrollment

Fintech Finance

REPAY (NASDAQ: RPAY), a leading provider of vertically-integrated payment solutions, today announced a strategic integration with Worth , the all-in-one fintech platform for underwriting and onboarding workflow automation.

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Carrington Labs Partners with Taktile to Streamline Credit Risk Strategy for Lenders

Fintech News

Carrington Labs, a Sydney-based provider of customised cash flow underwriting models and credit risk analytics, has formed a partnership with Taktile, a New York-based decision platform, to assist consumer and SME lenders in refining their credit risk strategies.