Open the door to new loan opportunities without sacrificing security

first_img 16SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Brian Timson Brian has held senior management positions in the financial services industry for more than 20 years. Focused on leveraging technology to improve the way that companies do business, he has … Web: www.alliedsolutions.net Details Year-to-year, community financial institutions have become more conservative about consumer lending. So as to not open themselves up to additional risks, many of these institutions tend to only service consumers with prime and super prime credit. However, consumers with non-prime credit make up a solid portion of the consumer lending market, so this desire to stick with “safer” loans leaves quite a few loan opportunities on the table. And when many community financial institutions are dropping their rates to as low as 0% in order to compete with large national lenders for prime and super prime consumers, missing additional revenue opportunities for your loan portfolio is not a small matter.To compound the challenge, Millennials – who present a massive lending opportunity for financial institutions – are often considered non-prime (due to having little-to-no established credit or having outstanding student loan debt.). So while fear of unwarranted risks keeps community financial institutions from supplying loans to these “risky” consumers, new non-traditional lenders are stepping in to swoop up these untapped loan opportunities. Market disruptors like retail lenders (i.e. Costco), mobile lenders (i.e. AutoGravity), and peer-to-peer lenders (i.e. Lending Club) are finding ways to bypass the existing banking system, credit bureaus and financing requirements to lend to this highly sought after demographic.If your community financial institution is avoiding non-prime consumers you are likely creating three major problems for your business:You are missing out on an opportunity to vastly expand your loan portfolioYou are isolating some of your key demographicsYou are losing out on new streams of revenueThe best way to drive loan yield is to expand and diversify your loan portfolio, so you are not missing out on any major opportunities. A whole host of solutions have surfaced in the consumer lending marketplace over the past decade that offer to help community financial institutions adjust their lending policies and criteria so they may begin servicing a greater portion of the borrowing population. These offerings primarily consist of collateral risk protection programs, expanded loan channels, add-on consumer offerings and digital engagement tools.Once you’ve adopted a number of these solutions, you can begin to experiment with various packaging and marketing strategies to differentiate you from your competition, attract new borrowers and generate much sought after non-interest income. The options to take advantage of are ever-evolving, and the opportunities offered through these solutions are endless. If you want to attract new loan customers, you have to set yourself apart from a growing list of competitors. The only way to do that is to offer the entire marketplace something other competitors cannot: end-to- end service, at the low cost only a community financial institution can offer.Contact Brian Timson to learn more about how you can expand and protect your consumer lending portfolio: [email protected] in learning more strategies for competing with traditional and non-traditional lenders? Read our white paper on “Stop Handing Over Auto Loans to Your Competitors”.Interested in learning more about effective marketing strategies? Read our white paper on “Consumer Engagement Channels: How and Where to Get the Most Out of Your Communications”.last_img read more

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Arsenal target cut-price deal to sign Borussia Monchengladbach defender Nico Elvedi

first_imgNico Elvedi has impressed at the heart of Borussia Monchengladbach’s defence this season (Getty)Speaking about his future in March, Elvedi admitted that he would be open to leaving Monchengladbach if his new club was a ‘top club’.‘I feel very comfortable in Gladbach and still have a contract. That’s why it currently looks like I’ll be playing for Borussia next season as well,’ he told Rheinische Post.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘Anything can happen in football, and things can move fast, but as long as I feel comfortable here, there’s no reason to leave.‘If I were to leave, it would definitely have to be a step forward at an absolute top club.’Follow Metro Sport across our social channels, on Facebook, Twitter and Instagram. For more stories like this, check our sport page. Arsenal target cut-price deal to sign Borussia Monchengladbach defender Nico Elvedi Metro Sport ReporterMonday 18 May 2020 3:00 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.4kShares Arsenal are lining up a move for Borussia Monchengladbach defender Nico Elvedi (Getty Images)Arsenal are targeting a cut-price move for Borussia Monchengladbach centre-back Nico Elvedi, according to reports in France.Mikel Arteta is looking to strengthen his defensive options ahead of next season but could be working with a restricted budget if the club miss out on a place in the Champions League once again.Elvedi has been a regular at the heart of Borussia Monchengladbach’s defence this season and has been capped 17 times by Switzerland.According to Le10 Sport, the 23-year-old has attracted strong interest from both Arsenal and Bayern Munich, who are exploring the possibility of signing him in the next transfer window.AdvertisementAdvertisementADVERTISEMENTElvedi will have just a year remaining on his current deal with Monchengladbach this summer, which means the German club could be forced to sell or run the risk of losing him on a free transfer. Advertisement Advertisement Commentlast_img read more

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Warriors HQ podcast: Analyzing the state of the Warriors’ center positions

first_img* * *Subscribe to the Mercury News and East Bay Times for $40 a year and receive a free Warriors championship coffee table book* * * It’s 2019 and the concerns at center for the Golden State Warriors are still looming. Mark Medina and Logan Murdock share their thoughts on DeMarcus Cousins, and if he really is the solution to the team’s troubles. Is Robin Lopez an option for the Dubs? all this and more on this week’s episode of the Warriors HQ podcast.0:20 – Is DeMarcus Cousins the solution …last_img

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More regular rains take Brazil’s soybean planting to 58%

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Brazilian farmers had planted 58 percent of their 2019/20 soybean area by Nov 7, according to a weekly survey conducted by AgRural. That represents a progress of 12 percentage points in one week and keeps the new crop planting pace slightly ahead of the five-year average. There is still a delay, however, in comparison to last year.Favorable weather conditions seen last week took the area already planted to 94 percent in top-producer Mato Grosso, where the soybean crop develops well so far. The only issue, for now, is that the state will not have new soybeans entering the market as early as in the 2018/19 season, when some farmers were already harvesting in late December.Mato Grosso grows about 65% of Brazil’s second corn crop, which will be planted right after the soybean harvest, in January and February 2020. That means that a good chunk of the Brazilian corn crop will not be behind schedule or have any significant problem caused by delays in the soybean planting. Corn planting might face some disruptions if it rains too much in early 2020, but that is another story and belongs to the future.In number-two producer Paraná, much-needed rains hit the state last week and farmers were finally able to catch up, after a dry, hot, nervous October. But, since part of the soybean crop was planted after the normal dates, part of the second corn crop will be sown in March, and that is not exactly good for corn yields. The same will happen in parts of Mato Grosso do Sul. Is that a big threat to the corn crop that Brazil will harvest in the second half of 2020? Not exactly. Not yet.In the rest of the country, irregular rains have kept the soybean planting slower than normal, but forecasts look good for the remainder of November. Potential production is seen by AgRural at 121 million metric tons, a new record. Right now, and despite the problems faced since September, there is no reason to believe that that number will not be met. But, of course, the blooming stage is just beginning in areas planted earlier and the best – or the worst – is yet to come.last_img read more

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Memes swamp social media after Duke star cager’s sneaker blowout

first_imgUrgent reply from Philippine ‍football chief Nike headquarters tonight pic.twitter.com/FgRtvr0JTa— TooTallVol24 (@thecollinsay) February 21, 2019 WATCH: Thirdy Ravena soars high for massive block in Gilas win Private companies step in to help SEA Games hosting Robredo to gov’t, after accepting anti drug post: Are you ready for me? PLAY LIST 01:29Robredo to gov’t, after accepting anti drug post: Are you ready for me?03:06‘Pamana’: Mausoleum caretaker cherishes humble work for family04:11Robredo accepts Duterte’s drug czar post appointment02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Less than a minute into the game, Williamson’s shoe, a Nike PG 2.5, got torn apart, resulting in what Duke head coach Mike Krzyzewski called a “mild knee sprain” in a report by ESPN.com.Zion’s shoe: destroyed 😳 pic.twitter.com/LqQ2te0JayFEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine ‍football chiefSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption charges— SportsCenter (@SportsCenter) February 21, 2019 Current mood at Adidas and Under Armour Headquarters … #nike pic.twitter.com/W2kMnUBcVn— sean frank (@Seanfrankey) February 21, 2019 SEA Games hosting troubles anger Duterte ‘We are too hospitable,’ says Sotto amid SEA Games woes — Zion’s Sneaker (@ZionSneaker) February 21, 2019Another parody account for Williamson’s shoe tweeted, “How should this legally work? Do I sue Zion for tearing me apart? Do I sue Nike for making me so poorly? Does Zion sue me for hurting him? Do the fans sue me for wasting their ticket money?”How should this legally work?• Do I sue Zion for tearing me apart?• Do I sue Nike for making me so poorly?• Does Zion sue me for hurting him? • Do the fans sue me for wasting their ticket money?— Zion’s Shoe (@ZionWShoes) February 21, 2019 Nike after Zion broke through his sneakers mid game pic.twitter.com/uZrLlZF9so— Jahan (@H00PINATI) February 21, 2019Meanwhile, Nike already released a statement wishing Williamson, a projected top overall pick in the 2019 NBA Draft, a speedy recovery.“We are obviously concerned and want to wish Zion a speedy recovery. The quality and performance of our products are of utmost importance. While this is an isolated occurrence, we are working to identify the issue,” the sports giant said.  / gsgSports Related Videospowered by AdSparcRead Next US judge bars Trump’s health insurance rule for immigrantscenter_img MOST READ Grace Poe files bill to protect govt teachers from malicious accusations Oil plant explodes in Pampanga town PDEA chief backs Robredo in revealing ‘discoveries’ on drug war Williamson did not return to the game which ended with top-ranked  Duke losing to North Carolina, 72-88.This prompted an outcry in social media with netizens and some personalities expressing dismay,  while others turned the situation around with comic memes.Someone apparently made a Twitter account for Williamson’s shoe with handle @ZionSneaker.“Guys, I’m really sorry. I let us all down, including my main man Zion Williamson,” a tweet attached with the shoe’s photo read.Guys, I’m really sorry. I let us all down, including my main man Zion Williamson. pic.twitter.com/Coz2xk6Wu3ADVERTISEMENT MANILA, Philippines — Memes have stormed social media after Duke University star cager Zion Williamson’s shoe got ripped off during a highly anticipated match against the University of North Carolina (UNC) on Wednesday (Thursday in the Philippines).READ: Duke star Zion Williamson injures knee after Nike shoe blows out ADVERTISEMENT Others used GIFs to insert comedy on the incident:Me returning my Nikes tomorrow after seeing Zion’s shoe explode. pic.twitter.com/EnNqjV32Ks— Juan Calderon (@juancalderon) February 21, 2019 LATEST STORIES Don’t miss out on the latest news and information. View commentslast_img read more

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Kovacic Nows not the time to consider my future

first_imgMateo Kovacic is happy at Chelsea right now and insists that his future is not the priority for the time beingThe 24-year-old midfielder is on a season-long loan deal at Chelsea after struggling to earn regular opportunities at parent club Real Madrid.Kovacic has since enjoyed an impressive start to life at Stamford Bridge with rumours indicating that a permanent deal may come to fruition in the summer.But the Croatia international plans to remain focused on the present rather than what his future could hold.Jose Mourinho is sold on Lampard succeeding at Chelsea Tomás Pavel Ibarra Meda – September 14, 2019 Jose Mourinho wanted to give his two cents on Frank Lampard’s odds as the new Chelsea FC manager, he thinks he will succeed.There really…“I wanted to be happy and at Chelsea I am,” Kovacic told Marca.“I just wanted to be happy and play matches, feel a responsibility within the team and I’ve found that at Chelsea.“This is not the time to talk about anything other than playing and enjoying. I don’t want to think about what will happen and do want to be happy doing what I like, which is to play football every week.”Kovacic has made 15 appearances for Chelsea in all competitions this season.last_img read more

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