Posts by Web Finance Direct
How Digital Transformation In Banking is Redefining the Financial Services World
Leveraging digital transformations is extremely important for digital banking in 2024, and the ever-increasing pressure to follow digital banking trends is being felt across the industry. From apps to indirect lending on online splurges, the American (and global) consumer base enjoys a wide range of options to customize their financial experiences. Banks and credit unions…
Read More5 Ideas for Driving Credit Union Membership in 2024
For credit unions, members are everything. From reduced risk exposure to an expanded impact on the community, the more diverse a credit union’s customer base is, the better its ability to see increased deposits and offer more loans will become. As a result, it’s important to make sure your credit union is striving for new…
Read MoreWhere is the RV Market Headed? 5 Trends for Lenders to Keep an Eye on in 2024
The North American RV market is constantly evolving. Driven by changing consumer preferences, a shift towards remote work, and a renewed interest in domestic travel, the recreational vehicle industry presents banks and credit unions with a unique opportunity for lending. As of 2024, the North American Recreational Vehicle Market is estimated at $19.83 billion. The…
Read MoreHow Your Credit Union Can Drive Membership With the Right Business Plan
If boosting membership and loan growth is on your agenda for 2023 and beyond, it is important to factor in the right strategic planning for your credit union. Having a set credit union business plan in place for how to connect with the right loan applicants in your desired industries can go a long way. Credit…
Read More3 Software Options for Credit Unions That Can Boost Member Retention
If there’s one thing we can say for certain as 2023 comes to a close, it’s that software is as vital as ever for credit unions and banks. In today’s fast-paced, technology-driven world, members have come to expect seamless, secure, and convenient access to their financial services. Without going the extra mile to offer the…
Read MoreWeb Finance Direct’s Top 8 Benefits of Indirect Lending
Indirect lending. Whether you’re a dealership in the auto, RV, marine, and powersport industries, a credit union looking to get into credit union indirect lending, or a bank looking to expand your loan portfolio, this lending method can enhance your core offerings. Fueled by customer desires for speed and efficiency when making larger purchases, indirect…
Read MoreIndirect Lending for Credit Unions: Our Guide to Vendor Due Diligence
If there’s one thing that remains true, it’s that our financial landscape is constantly evolving. Through this, indirect lending for credit unions and banks has emerged as a critical strategy. This form of lending can allow banks and credit unions to expand their lending portfolio and match with more borrowers over time. So, what are…
Read MoreWhy Vendor Due Diligence is Crucial for Credit Unions and Banks
For banks and credit unions alike, the increasingly interconnected landscape of the lending sector can come with its challenges. With the threats of ransomware, auto loan fraud, and more on the rise, it is crucial for lenders to fortify their operations, ensuring seamless processes and aligning with applicants with proven credit scores. One way to…
Read MoreFive Key Steps to Start Your Own Indirect Lending Program
For lenders like credit unions and banks, a well-run indirect lending program can make a major difference in their ability to connect with qualified applicants. It is one of the best lending solutions for credit unions and banks alike. Compared to direct lending, where borrowers go directly to their bank or credit union to receive…
Read MoreIntroducing the New Web Finance Direct Dealership Platform and Customer Mobile App
At Web Finance Direct, we are continually updating and optimizing our processes to ensure that dealers, applicants, and lenders alike have the best financing experiences possible. With that, we are proud to announce the launch of our new dealership platform and mobile app! This makes the loan application and financing process simple for dealers and…
Read More