Lending strategy
Align automated decisions with your lending policy
NestEgg makes it easy to align automated decisions with your lending policy and risk appetite. As a result, automated decisions are not overturned. Consequently, time, effort and money is saved. Automation benefits are realised. Getting automation right Credit unions must maintain and implement an up-to-date lending policy appropriate to the scale and nature of the…
Read MoreFive tactics for 200% growth
NestEgg clients doubled the number of loan applications in January compared to the same period last year. On average, the value of loan books increased 25% during 2021. This is twice the sector average. Importantly, 1 in 5 applications were automated accepts. Furthermore, as Loans Officers choose not to overturn recommendations, loans are ready to go.…
Read MoreGrow your loan book in 2022
On 12 January 2022 at 10:30am, NestEgg is running a webinar to help you grow your loan book in 2022. With a line-up of expert speakers, participants will hear the latest thinking and debate strategies for growth. We’ll kick off by hearing from NestEgg about what the data is showing us in relation to recent…
Read MoreAutomated decisions you can trust
Getting automated decisions you can trust is a big challenge. If automated decisions are always subject to review, then cost savings aren’t being realised. Loans will take longer to turn around. Consequently, members become dissatisfied. Furthermore, automation needs to ensure applicants get a fair hearing. The latest version of our decision engine delivers a greater…
Read MoreFaster growth with easy online applications
Covid-19 has been a catalyst for change. A huge global nudge in the direction of doing things online. Because of this, borrowers expect easy online applications. Get this right and loan books grow. Get this wrong and 58% of people will never use your services again. Worse still, 6 in 10 of 25 – 34…
Read MoreHow to improve affordability assessment
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 to complaints. These may arrive via Claims Management Company looking for…
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