With the rise of fintech firms in consumer loan origination, credit unions face a choice: ignore them, compete with them, or partner with them. Learn how taking an allied partnership approach with the right fintech lender can improve your member experience and add organizational value in a post COVID-19 world.
In today’s world, it is important to understand how fintech loan originators are addressing challenges brought on by COVID-19. We will discuss steps being taken to address the economic impacts the COVID-19 outbreak is having on a borrower's ability to repay, both in the front-end underwriting and verification processes and implementing conservative underwriting changes.
In this webinar, you will learn how to identify the right avenues of cooperation and navigate potential pitfalls in developing strategic partnerships with fintech consumer loan originators that will complement or diversify your current lending programs. This webinar will explore various forms of collaboration between credit unions and new fintech consumer loan originators. You will learn about what to look for and what to avoid in credit union-fintech loan origination partnerships.
The benefits of a successful partnership with the right fintech consumer loan originator will allow your bank to:
- Provide new products/services to new members
- Provide new products/services to existing members
- Provide existing products/services to new members
- Become more efficient
- Complement organic loan originations
- Diversify loan portfolio
- Improve ROA, ROI and Loan-to-Deposit Ratio
- Consumer Loans
- Origination Partnerships that span Personal Loans, Auto Loans, Student Loans, Home Improvement Loans, HELOCs, Solar Loans, POS Loans, Boat & RV Loans, and more
- Forward Flow Programs
- White Label Programs
- Bespoke Origination Programs
- Regulatory Concerns
Who Should Attend?This presentation is for senior management, including CEOs, CFOs, CLOs CCOs, COOs, and Presidents. Also recommended to attend include Lending Professionals, Consumer Product Managers, and Strategic Partnership Professionals.
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