FinTech digital lenders have been successfully leveraging Pre-Qualification technology and “No Credit Impact To Check Your Rates” messaging for years, effectively doubling their market share in Personal Loans category from 22.4% in 2015 to 49.4% in 2020 (Experian study1)
Now, a new crop of FinTech digital lenders are using the same technology and are establishing a stronghold in auto loans - a segment that has long been the heart of Credit Union lending.
Download this critically important white paper and learn how leading credit unions are utilizing the latest pre-qualification technology to adapt and evolve and take these FinTech giants head on.
Learn how the following 4 huge benefits can be realized and placed into action:
- Accelerating direct loans (More of the profitable loans)
- Decrease adverse actions (Better customer relationship)
- Improve operational efficiency (Lower costs)
- Increase cross-sell loans and increase share of wallet (Member relationship expansion)