40 credit unions attended our recent training: ‘Affordable or vulnerable’ where we looked at how to improve affordability assessment. We addressed a key challenge: Covid-19 and FCA regulations mean affordability is THE issue for 2021. Get this wrong and arrears increase. Non-compliance may lead … Read More about How to improve affordability assessment
An increase in credit union lending?
It’s too early to establish a trend when you’re looking at just a couple of months’ worth of data. Nevertheless, since March there’s been a definite increase in credit union lending. And it's a much needed increase. At the beginning of the pandemic Carnegie UK and Community Finance Solutions … Read More about An increase in credit union lending?
Affordable or vulnerable? FREE loan affordability assessment training
Covid-19 has made loan affordability assessment much harder. Furthermore, according to the Financial Conduct Authority, 53% of the UK adult population are showing signs of financial vulnerability. NestEgg’s FREE training session will help loans officers strike the right balance between … Read More about Affordable or vulnerable? FREE loan affordability assessment training
More referrals for community finance
Over the next two years NestEgg will deliver 10,000s more referrals for community finance. We've just completed another dozen in-depth interviews with credit union members. As a result we’re better able to understand their money goals and the impact Covid-19 is having on their finances. These … Read More about More referrals for community finance
An upgraded decision engine for responsible lenders
A Decision Engine for responsible lenders is only as good as its rules. If rules for deciding whether loans should be accepted, declined or referred don’t align with loans officer thinking, buy-in for automation may be limited. If lending strategies don’t align to lending policies, credit … Read More about An upgraded decision engine for responsible lenders
Reducing workload when processing loans
Loans staff are increasingly away from work due to Covid-19. Because of this, NestEgg has focussed on reducing workload when processing loans. Enhancements improve member service. NestEgg is Software as a Service and as such our Decision Engine is enhanced over time. And without upgrade … Read More about Reducing workload when processing loans