Lending

On March 31, 2017. Dollars in thousands

On March 31, 2017. Dollars in thousands

New and used auto lending broke records, while HELOCs and second mortgages reached levels not seen since 2012.

Borrowers can benefit from more inclusive data and tightening of certain credit file standards, but so far lenders continue to rely on older models.

Amazon.com Inc.’s lending business is accelerating, highlighting one more way the online retailer is making money from e-commerce beyond simply selling products in its web store.

The expansion of the Federal Reserve’s portfolio of Treasury debt and mortgage-backed securities has a bigger impact on the credit markets than paying banks interest on excess reserves.

To capitalize on the current market environment, CUs need a solid auto-decisioning strategy in place to manage the increased volume of MBL applications while mitigating risk and delivering top-notch service to members.

The Federal Reserve is right to look at shrinking its bloated balance sheet. But if it doesn’t simultaneously stop paying banks to hoard money, the Fed will create the next recession.

Along with asset and membership milestones, the credit union celebrated its 100th anniversary in 2016.

Loan origination system part of company’s lending technology push.