As the financial industry evolves, lenders must prioritize innovative initiatives to stay competitive in 2025. While loan servicing and management remain important, broader strategies are essential for meeting customer expectations, enhancing operational efficiency, and addressing emerging challenges. Here are the top five initiatives lenders should focus on in the coming year. 1. Strengthening Cybersecurity […]
In recent years, shifts in consumer behavior have dramatically influenced the financial landscape, particularly in the lending sector. For lenders and loan servicers, understanding these evolving trends is not just advantageous, it’s essential. Below, we explore key consumer behavior trends and examine their implications for loan servicing. Digital-First Expectations The rise of digital technology has […]