Navigating risk: How consumer lending and underwriting models are changing during the pandemic and beyond
The pandemic hit, and most banks drastically slowed or halted their consumer lending programs altogether. Those that continued to lend increased their FICO minimums and increased pricing to minimize risk exposure. Meanwhile, with more than 20 million Americans out of work, the need for cash and demand for lending products have only escalated in the past few months.
How can banks meet this demand and delight customers while managing risk? What can a bank’s performance of personal loans using new underwriting models during the pandemic teach us about how to manage risk versus reward going forward?
Join First National Bank of Omaha and Upstart for this web seminar to:
● See how credit that originated before the crisis has performed through the crisis.
● Hear how First National Bank of Omaha is lending while managing risk appropriately during the pandemic.
● Learn how to adjust underwriting to manage risk and continue to originate loans moving forward.