Indirect Lending
Five 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 MoreHow Your Credit Union Can Drive Membership and Boost Loan Portfolio Diversity
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 plan in place for how to connect with the right loan applicants in your desired industries can go a long way. Credit union membership…
Read MoreCustomer-Centric Financing: Indirect Lending Benefits for Independent Dealers
Does your independent dealership offer indirect 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 roughly…
Read MoreThe Web Finance Direct Guide to Indirect Lending
Throughout the American economy, financing continues to play a major role. For many consumers, the ability to borrow money to pay for their purchases over time gives them the flexibility they need, especially when it comes to more expensive, big-ticket items like cars, RVs, and boats. Take the RV industry, for example. As of 2021,…
Read MoreTop 8 Benefits of Indirect Lending
Whether you’re an RV, auto, or boat dealer, a credit union or bank, or just need help to provide more loan options to your customers, indirect lending can help bolster your business in many ways. Over the past few years, this type of financing has picked up serious traction, bolstered by a growing demand for…
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