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12 Features to Look For in Lending Software

MonJa: Features to Look for in Lending Software

[vc_row][vc_column][vc_column_text]5 Minutes Read. Lending software that automates loan underwriting can greatly reduce friction points in the lending process. The benefits of faster, more efficient processing, however, should not compromise sound lending guidance. Software can reduce underwriting to an automated process according to pre-set guidelines, but there may be areas where automated underwriting is insufficient. Lenders […]

Commercial Vehicle Lending in the Digital Age

MonJa: Commercial vehicle financing in the digital age

[vc_row][vc_column][vc_column_text] 4 Minutes Read. Commercial vehicle lending is embracing digital technology at a quickening pace. Loan underwriting, however, is still largely carried out using conventional, non-automated methods. As a result, some big banks are pushing to expand auto lending and introducing new channels such as direct lending, which may help drive greater automation.[/vc_column_text][vc_single_image image=”8656″ img_size=”large” alignment=”center” css_animation=”none”][vc_column_text] The commercial […]

Can Automated Underwriting Help Your SBA Loan Clients?

MonJa: Can automated underwriting help your SBA loan clients?

[vc_row][vc_column][vc_column_text] 4 Minutes Read. Loans guaranteed by the Small Business Administration (SBA) are a valuable source of capital for many growing businesses. Small business lending software can now incorporate automated underwriting to make their SBA lending faster, more customer-friendly and more profitable than ever before.[/vc_column_text][vc_single_image image=”8630″ img_size=”large” alignment=”center” css_animation=”none”][vc_column_text] A brief overview of SBA lending The […]

A Speedy And Hassle-Free MCA Lending

MonJa: A Speedy And Hassle-Free MCA Lending

[vc_row][vc_column][vc_column_text] 4 Minutes Read. Merchant cash advance (MCA) lending is a popular alternative to traditional loans for small businesses. For lenders, however, the MCA lending process requires more work and can take longer than conventional loans. Automated underwriting platforms offered by MonJa can help streamline the MCA lending process and improve productivity. How MCA Lending Works [/vc_column_text][vc_single_image […]

Technological Solutions For Credit Unions

MonJa: Technological Solutions For Credit Unions

[vc_row][vc_column][vc_column_text]8 Minutes Read. While credit unions have typically been slower at adopting new fintech solutions, this fact is changing. 2018 was a great year for financial innovation, with technology making processes faster, more productive, and more customer-friendly. Credit unions are increasingly recognizing the advantages of tech-driven lending solutions and are looking to deploy them in their […]

Meet MonJa at ICBA Live National Convention in Nashville

Meet MonJa at ICBA Live National Convention in Nashville

[vc_row][vc_column width=”1/2″][vc_column_text]8 Minutes Read. The Independent Community Bankers of America (ICBA) strives to create and uphold an environment that allows community banks to grow in a sustainable and profitable manner. Community banks compose 99 percent of American banks, currently employing more than 760,000 and holding almost $5 trillion in assets. The ICBA National Live Convention […]

2018: How traditional banks invested in digital transformation for success

2018: A look back at how traditional banks invested in digital transformation for success

[vc_row css=”.vc_custom_1552569409269{margin-top: 50px !important;}”][vc_column width=”1/2″][vc_column_text]12 Minutes Read. With the rise of technology, banks are increasingly digitizing their business models. The digital transformation of the banking system not only improves the flow of control and work efficiency, but gives banks an edge over their competitors.[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_single_image image=”8480″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]According to a survey conducted by Accenture, 67% of […]

Automated Loan Underwriting Trends For 2019

Automated Loan Underwriting Trends For 2019

[vc_row][vc_column][vc_column_text]4.5 Minutes Read. Automated loan underwriting is one of the fastest-growing areas for businesses seeking to improve the customer experience and operational efficiency. The lending industry has been a trailblazer in automation amidst an increasingly challenging business environment. Developments in automated loan underwriting have answered lenders’ need for new tools to stay competitive and profitable. Pressures […]

Small Business Lending: The Profit Puzzle Facing Commercial Banks

Small Business Lending: The Profit Puzzle Facing Commercial Banks

[vc_row][vc_column][vc_column_text]8 Minutes Read. Small businesses play a critical role in the American economy. They employ half of the private sector workforce and have created approximately 60% of the new jobs in the US since 1995. Access to credit is essential to the health of small businesses. It helps small firms maintain cash flow, bring on […]

Planning Your Journey To Digitization – A Guide for Banks

MonJa: Planning Your Journey To Digitization

[vc_row][vc_column][vc_column_text]4 Minutes Read. Digital solutions are opening opportunities for financial institutions in small business lending and other services. Specifically, automation boosts process efficiency, reducing costs while raising productivity. For most banks, a third-party provider is the most practical source for small business lending software solutions. In order to successfully integrate a digital lending solution, your […]