Business|Financing
Direct Finance vs. Indirect Finance Compared
Indirect financing for credit unions and banks has emerged as an adaptable and flexible strategy for remaining competitive in our changing economic landscape. It has the potential to boost lending portfolios and match lenders with a more diverse pool of borrowers looking at a broader range of vehicle options. It can provide advantages to the…
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 MoreThe Key Benefits of Indirect Auto Lending for Independent Dealerships
Does your independent dealership offer indirect auto lending to your customers? In today’s fast-paced market, the ability to offer customers flexible financing options when buying cars can make a huge difference. According to a 2023 report from MIT, there are over one hundred million auto loans currently in the U.S., with a combined value of…
Read MoreBuilding Your Loan Portfolio: How Indirect Lending Can Play a Key Factor
The ever-changing lending environment presents a number of challenges to banks and credit unions. When establishing and managing your vehicle loan portfolio, it is critical to maintain the proper balance. This will not only help you increase your bottom line, but improve your client retention and relationships as well. That is where indirect lending comes…
Read MoreLoan Processing: What It Looks Like for Dealers & Lenders
Loan Processing: What It Looks Like for Dealers & Lenders As any loan processor may tell you, processing a loan application is, to put it lightly, an extremely thorough process with specific requirements and deadlines to keep up with. Much like a loan process at a bank, a third-party loan process works in a similar…
Read MoreThe Top 5 Benefits of Offering Flexible Boat Loan Options
Flexible financing options are an important offering for any dealership looking to maintain high customer satisfaction. This includes boat and marine dealers! Working with a trusted F&I services company like Web Finance Direct is one of the best and easiest ways that boat dealers can expand their boat loan offerings and provide the best boat…
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