Category Archives: Consumer Lending

Consumer Financial Protection Bureau actually hurting consumer lending?

< things kind=" application/x-shockwave-flash" design =" width:425 px; elevation:355 px;" data ="//" > Previous BB&T Chief Executive Officer John Allison on a possible rollback of economic regulations and also its influence on financial institution loaning.< things kind="application/x-shockwave-flash" design="width:425 px; height:355 px;" information ="//" >< param name="flick" worth ="//"/ > Find out about More Income Methods at:
Video Rating:/ 5

Don’t Forget About Share Secured Lending!

It’s no secret that lending growth drives the credit union industry. With that in mind, it is important to zoom out and look at the bigger lending picture from time to time. When you do, you will discover that some forms of lending are not promoted as regularly as others. As a result, your members could be missing out on lending opportunities. Let’s take a closer look at one form that often gets overlooked. Your credit union should focus on share secured lending for two main reasons.

Two Member Benefits for Share Secured Lending

1. Share secured lending helps members. That’s right, this is a great way to help members who may not be able to qualify for traditional forms of lending. It’s a nice way to give them a fresh start. Your credit union is able to secure the loan with the members’ savings accounts. It’s a surety of payment for your credit union. Yet, the member sees the loan as an encouraging step of good faith. Share secured lending promotes trust and loyalty between the credit union and the member.

2. It is a great stepping stone. Usually, once a member pays off their share secured loan, they qualify for unsecured loan products. These may be the same types of financial products they just paid off, only this time they are able to get a better rate or better terms due to their improved credit history. This is a great confidence boost for members. A boost that would most likely not happen without offering a share secured loan.

Offer Share Secured Lending

Share secured lending can be either offered in installment loans or lines of credit, which are ideal for those members who are perhaps unable to obtain unsecured credit. After a share secured loan is paid off successfully, the next step can very often be to apply for those same products your credit union offer, but unsecured :-).

Of course, all of this translates back to more lending growth for your credit union. That growth is good for other things too, like member retention and new membership. Loyal members who formerly held share secured loans will love spreading the word, trumpeting to friends and family about how their credit union is the best place to get a clean financial start.

Our consumer lending package will help you deliver those loans with ease. Oak Tree has everything your credit union will need to offer your members a superior lending experience. As always, all of our forms are up to date with all state and federal regulations. As well, all of our forms will easily integrate with your data processor. If you haven’t taken a hard look at share secured lending before, after the holiday season is the perfect time to do so. Chat with us for consumer lending or home equity lending packages at

Related Consumer Lending Articles

Competition in consumer financing market

Competition in customer financing market

During the past 15-20 months, the industry of customer financing happens to be increasing by about 30-40percent yearly. Moreover, market participants think the increase of customer lending is yet in the future. Relating to professionals, at the moment loans for buy of family appliances scarcely reach 10per cent of GDP, whereas within the created nations equivalent figure surpasses 30per cent.

Rep. Williams Grills CFPB Head-on Customer Lending

Video Rating: / 5

Credit rating Union Forms: Safe as well as Unprotected Loaning

consumer lending
by americans4financialreform Lending institution offer

various demographics across the USA and also have to supply the ideal loan products to ideal match their members’demands. Standards such as age, earnings, and credit history all variable into just what kind of funding is used to a participant. These variants will certainly assist a finance police officer make a decision whether to supply a participant a secured or unsecured funding. < br/ > The distinction between a
safeguarded as well as unprotected finance: A protected loan is collateralized by a thing or kind of security. Usually this security is an auto or the equity of a home. If a customer defaults on the terms of the lending, a creditor could acquire the collateral via foreclosure of the home and/or foreclosure of the security rate of interest. Collateralized car loans are usually taken into consideration to lug much less risk, and as an outcome, creditors are able to supply lower passion prices, while increasing the quantity of credit history they can extend overall due to a rise in the under-served or credit-challenged market. Any type of loan that is not protected would certainly fall right into the classification of unprotected.

Oak Tree Company Solutions, Inc. offers cooperative credit union kinds for both safeguarded and also unsecured fundings. Both closed-end home equity finances and open-end home equity lines of credit report (HELOCs) are safeguarded by the real estate vowed as collateral in connection with that expansion of protected credit rating). Oak Tree’s open-end consumer loaning kinds can be created to support both protected as well as unsecured financing. For protected borrowing, the types will have many provisions required to effectively support the numerous elements of open-end, collateralized customer finances (such as customized breakthroughs, safety and security, other safety, as well as default arrangements) together with various other customizations as might be required in order to sustain a certain sort of collateralized financing.

To find out more regarding the different safeguarded and also unsecured loan types from Oak Tree, conversation with us on our internet site or email

Wells Fargo Job Preview: Customer Support Representative (Consumer Lending Group)

Discover what it takes to be a Customer Service Representative with your customer Lending Group. Hear from a single of your Customer Service Supervisors towards customer care Representative daily responsibilities, plus the characteristics and skills successful candidates should have. Also, you’ll read about working out system with this role and about profession development possibilities.

Insights: The Future of Consumer Financing: Big Need Way Big Chance

Insights: The Future of Consumer Lending: Big Need Means Big Opportunity

< item kind="application/x-shockwave-flash" style="width:425 px; height:355 px;" information ="//" > < img alt="Insights: The Future of Consumer Financing: Big Demand Method Big Possibility" src=""/ > A significant market section is emerging as a result of the monetary crisis. Inning accordance with a recent survey carried out by the Deloitte Facility for Financial Providers, 22 percent of Americans with checking account experienced a major unfavorable credit score scenario during the last two years, as well as 11 percent were first-time debtors– customers that had actually never come under misbehavior before.
The most up to date episode of Deloitte Insights includes a discussion among moderator Sean O’Grady, Andrew Freeman, executive director, Deloitte Center of Financial Providers, and Deron Weston, principal, Deloitte Consulting LLP. Song in to get more information regarding the survey and also the possibility this brand-new customer segment represents for financial institutions that can assist them with their credit rating requirements.

Global Consumer Lending – Will U.S.-based financial businesses be ready?

Worldwide Economy: Trade is growing globally in the present scope of customer financing. There are numerous known reasons for this growth, maybe not the least of which is technology. Considering enhanced communication options today, international trade is a lot more practical. Now more than ever before, customers and businesses have access to the most truly effective services and products from many different countries. Broadening technology in addition has increased your competitors among nations concerning who is able to create the modern or best technology. To develop the hotels of the brand new trade, nations within the last several decades have taken increasing steps to promote international trade.

Foreign trade transactions are getting to be increasingly more common with the ease of automated on the web financing. Will the international loan providers continue steadily to entice the interest of the American customers? We now have currently seen a rise in international deals with the purchase of on the web items, and air/travel reservations.

Whom protects the consumer which accesses the worldwide financing options? The globalized trade marketplace is presently influenced by the Federal Trade Commission (FTC). The FTC focus would be to protect the customer from harm, while improving the economic advantage therefore the selection of the consumer.

International lending has exposed crime-based task to a worldwide environment, permitting standard theft to emerge on a whole new level. Will this sort of fraud and theft into the global marketplace change the guidelines of intercontinental lending? There may be the possibility the FTC tips in and changes just how we are lending and funding loans or purchases. Are you willing to comply?

With consumer defense guidelines constantly on the rise, how will this affect the intercontinental lending laws? Will the U.S. become adaptive towards the way of our worldwide lenders? Apparently the U.S. consumer financing laws tend to be advanced, while permitting the flexibility and ease of use to fund a consumer loan… provided that the guidelines are used.

It may be the future of our financing training is within the hands for the current economic climate (that will never be the U.S.) hence all countries take place on exact same constant financing practices. Will your credit union prepare yourself to comply with a mandatory intercontinental consumer financing standard?

Let me reveal in which the great news comes in. Your credit union’s financing functions could be suffering from the ongoing worldwide monetary business changes, and today your kinds continue to be compliant with existing credit union foibles, particularly when given by oak-tree. Be assured that Oak Tree is constantly “trend viewing” and will be on forefront of every changes to your kinds set off by any source, including international styles .

Contact us to learn how-to be prepared for any change, whether neighborhood or global. Oak Tree company techniques, Inc. is definitely prepared to offer the most appropriate credit union business information.

To read similar articles be sure to go to Oak Tree Business techniques, Inc. August 2016 Advantage – The Lending Olympics.

Andrew Hertzberg: Maturity Choice in Consumer Lending

On February 26, 2015, Andrew Hertzberg, Assistant Professor of Finance and Economics at Columbia company class, introduced Maturity preference in Consumer Lending. The presentation was area of the system for Financial Studies’ No totally free Lunch Seminar Series titled Current analysis on finance institutions.

This system for Financial research’ No complimentary Lunch Seminar Series provides broader neighborhood usage of Columbia Business School professors analysis. At each and every workshop, attended by invited MBA and PhD students, faculty people introduce their particular current study within a friendly meal setting.

Find out more at
Video Rating: / 5