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News

loan collectionsNews

Vergent LMS Partners with AvanteUSA

Vergent LMS Partners with AvanteUSA to Offer Collection Services to Lenders Ridgeland, Miss., March 4, 2024 – Vergent LMS, a premier fintech lending platform, announces a strategic integration partnership with…
Vergent LMS Partners with EdgeNews

Vergent LMS Partners with EDGE

Vergent LMS Partners with EDGE to Deliver Open Banking Credit Risk Insights to Lenders Ridgeland, Miss. & Chicago, IL, February 7, 2024 – Vergent LMS, a premier fintech lending platform,…
Fintech Confidential InterviewNews

Vergent CIO Appears on Fintech Confidential Video Podcast

Lenders Struggle to Keep Up Fintech Confidential One-on-One | Sep 10, 2023 -- Brad Tompkins, the Chief Information Officer of Vergent LMS, Reveals How Technology is Revolutionizing the Lending Industry.…
Vergent LMS Hosts 2023 User ConferenceEventsNews

Vergent LMS Hosts 2023 User Conference

Vergent LMS to Host 2023 User Conference for Consumer Lenders in New Orleans' French Quarter   July 06, 2023 Vergent LMS, a premier fintech lending platform, announced its highly anticipated…
MariaDB Wavemaker AwardNews

Vergent LMS Wins MariaDB Wavemaker Award for SaaS Application of the Year

Ridgeland, Miss., May 9, 2023 - Vergent LMS, a premier fintech lending platform supporting more than 20,000 customers and services with more than $690 billion in loans, has been selected…
Vergent LMS partners with Decision LogicNews

Vergent LMS Partners with DecisionLogic for Advanced Verification

Vergent LMS Partners with DecisionLogic to Offer Advanced Verification Services to Lenders   March 16, 2023 Vergent LMS, a premier fintech lending platform, will now offer advanced verification services and…
loan origination lifecycleNews

Vergent CIO Interviewed on Bankadelic Podcast

COVERING THE LOAN ORIGINATION LIFECYCLE -- From the Money Pot stage at Money20/20 in Las Vegas, Wall Street Journal Contributor and Bankadelic Podcast host, Lou Carlozo, chats with Vergent CIO…
inc 5000 listNews

Vergent Lands on the Inc. 5000 List for a Seventh Year

Vergent Lands on the Inc. 5000 List for its Seventh Year   June 7, 2022 Once again, Vergent has been recognized as one of America's fastest-growing privately held companies and…
Vergent LMS partners with CRSNews

Vergent LMS Empowers Data-Driven Decisions with CRS Partnership

Vergent LMS Empowers Data-Driven Decisions with CRS Partnership   June 28, 2022 Vergent LMS, a premier fintech lending platform, announced that it is partnering with CRS, the single platform for…
Vergent LMS partners with TCNNews

Vergent LMS Unveils TCN-Powered Communications Upgrade

Vergent LMS Announces New Communications Capability Powered by TCN   May 17, 2022 Vergent LMS, a premier fintech lending platform, announced that it is partnering with TCN, Inc., a global…
Vergent LMS partners with Rely CreditNews

Vergent LMS Announces Newest Client, Rely Credit

Vergent, a premier fintech lending platform, is proud to announce that they have signed Rely Credit as its newest lending client.   April 19, 2022 Rely Credit specializes in bilingual…
LeAnn Cotten joins Vergent LMSNews

LeAnn Cotten Joins Vergent LMS as VP of Sales and Vendor Management

April 12, 2022 As Vice President of Sales and Vendor Management, Cotten will oversee the sales team and oversee coordinating sales efforts with various departments. Cotten will be responsible for…

Blogs

lending automation softwareBlogs

Loan Origination and Management Made Easier with AI

Artificial intelligence in Lending Management Artificial intelligence (AI) is revolutionizing the lending landscape, transforming outdated business processes and empowering various industries to become effective lenders. This shift is not limited…
Consumer Installment LoansBlogs

Manage Consumer Installment Loans Without Struggle

Simplify Consumer Installment Loan Management As a lender, managing consumer loans can prove challenging, requiring meticulous tracking of individual loans, payment schedules, and due dates. This process is often time-consuming…
loan origination softwareBlogs

10-point checklist for choosing your new loan origination software in 2024

Negotiating with loan origination system (LOS) vendors is a lengthy process for companies looking to streamline their lending operations. However, akin to selecting a car, identifying incompatible vendors becomes significantly…
AI-powered loan servicing technologyBlogs

10 Ways to Tell Which Loan Servicing Technology Provider is Best for your Business

In a world not grappling with a pandemic and economic downturn, managing loans is already a formidable task, demanding significant time, effort, and increasingly, analytical resources. Loan servicing, coupled with…
loan underwriting softwareBlogs

The Loan Underwriting Process: Streamlined Steps

The Loan Underwriting Process: Streamlined Steps What does a loan approval process look like? The loan approval process for alternative lenders typically differs from traditional banks and financial institutions. Although…
lending operationsBlogs

Lending Operations Streamlined with Vergent LMS

Lending Operations Streamlined with Vergent LMS In the dynamic landscape of lending, where managing cash flow, assessing loan eligibility, and ensuring timely repayments are critical, having the right tools can…
consumer loan softwareBlogs

Consumer Loan Software

Consumer Loans: The Basics In a world where financial needs can arise unexpectedly, making informed decisions about borrowing money is crucial. Vergent Loan Management Software understands the importance of providing…
short-term installment loansBlogs

Short-Term Installment Loans: The Vergent Guide

Short-Term Installment Loans: A Comprehensive Guide In times of unexpected financial challenges, having a bit of extra cash can be a game-changer. A short-term installment loan can offer relief for…
loan reporting an analyticsBlogs

Boost Your Business with Loan Reporting and Analytics

Boost Your Business with Loan Reporting and Analytics In the fast-paced world of lending, managing cash flow is challenging enough without having to grapple with complex reporting and analytics. Often,…
personal loan softwareBlogs

Choosing the Right Personal Loan Software

Choosing the Right Personal Loan Software for Your Cash Lending Business As personal loans continue to gain traction in the consumer lending landscape, efficient management has become pivotal for cash…
line of credit softwareBlogs

Line of Credit Software: The Vergent LMS Guide

Line of Credit Software Whether you find yourself actively managing a line of credit in person, effortlessly navigating it online, or opting for a judicious combination of both, the strategic…
payday loansBlogs

Understanding Payday Loans: A Quick Guide to Quick Cash

Understanding Payday Loans: A Quick Guide to Quick Cash In times of financial urgency, waiting until your next paycheck may not be an option. This is where payday loans come…
loan automationBlogs

How Loan Automation Makes Lending an Absolute No-Brainer

How Loan Automation Makes Lending an Absolute No-Brainer In the face of a pandemic that has reshaped how retail businesses connect with customers, and with the imperative to disburse crucial…
data enrichmentBlogs

Data enrichment is the secret sauce in digital lending

Data enrichment is the secret sauce in digital lending In discussing financial technology, it's crucial to emphasize the significance of "what it does" over "how it works" for most individuals.…
AI credit scoringBlogs

The New Economic Reality – How AI Provides Better Credit Scoring

The New Economic Reality – How AI Provides Better Credit Scoring The success of your company's lending program hinges significantly on the effectiveness of its credit scoring. Among various factors,…
lending automation softwareBlogs

How to Choose the Right Lending Automation Software

How to Choose the Right Lending Automation Software The landscape of traditional lending, characterized by in-branch origination and manual paper-based processes, has crumbled in the face of social distancing norms.…
loan applicationsBlogs

How to Process Loan Applications and Approve More Loans Faster

How to Process Loan Applications and Approve More Loans Faster In today’s fast-paced world, speed is everything. Whether it’s ordering food, booking a ride, or even applying for a loan,…
lending technologyBlogs

Lending Technology Is Smashing Through Stricter Know-Your-Customer Rules

Lending Technology Is Smashing Through Stricter Know-Your-Customer Rules The Biden administration is set to increase financial-crimes enforcement by $64 million this year, reaching a total annual budget of $191 million.…
lending compliance managementBlogs

Revolutionizing Lending Compliance Management

Revolutionizing Lending Compliance Management In the midst of rapid financial advancements and technological disruptions, one constant remains at the core of the lending and borrowing industry: compliance management. As regulatory…
cash advanceBlogs

Cash Advance Providers Need Lending Software Automation

Cash Advance Providers Need Lending Software Automation If a business needs quick access to cash, it can easily obtain it through a merchant cash advance (MCA), provided it receives approval.…
loan management system workflowsBlogs

Navigating Loan Management System Workflows

Navigating Loan Management System Workflows: The Digital Revolution in Lending A monumental transformation is sweeping through the lending landscape, a digital revolution, spurred by technological advancements and an escalating demand…
risk assessment softwareBlogs

Navigating Financial Risk with Advanced Risk Assessment Software

Navigating Financial Risk with Advanced Risk Assessment Software In the dynamic landscape of today's financial sector, organizations have come to acknowledge the critical role of risk management. It is no…
online lending softwareBlogs

Online Lending Software: The Challenges to Success

The Challenges of Running an Online Lending Business Undoubtedly, the landscape of lending has undergone a significant transformation in recent years. Borrower preferences have evolved, causing a decline in the…
risk management softwareBlogs

Unleashing the Power of Risk Management Software in Lending

Unleashing the Power of Risk Management Software in Lending The financial realm has always been fraught with intricacies, from fluctuating interest rates to unforeseen market trends, presenting a myriad of…
consumer loan managementBlogs

Streamline Consumer Loan Management

Streamline Consumer Loan Management As a lender, loan management can prove challenging, requiring meticulous tracking of individual loans, payment schedules, and due dates. This process is often time-consuming and frustrating.…
features of loan management softwareBlogs

Features of Loan Management Software Crucial to Success

Maximize Finances with Great Loan Management Software For lenders, maintaining organization is crucial for achieving success. What might not be immediately apparent is the pivotal role that the right loan…
AI in digital lendingBlogs

How AI Applications Can Revolutionize Digital Lending

How AI Applications Can Revolutionize Digital Lending Numerous artificial intelligence (AI) applications are currently in the research and development phase, with some already making significant contributions to the digital lending…
debt collection softwareBlogs

Advanced Debt Collection Software for Collecting Bad Debts

Simple Strategies for Collecting Bad Debts In an ideal scenario, borrowers would consistently repay their debts promptly and in full. However, the reality is that life is imperfect, and instances…
loan servicing optionsBlogs

Why Your Loan Servicing Software is Falling Short

Why Your Loan Servicing Software is Falling Short As a lender, your loan servicing software stands as a crucial tool in your toolkit. It manages loans and customer information, including…
origination and underwritingBlogs

Origination and Underwriting: Essential for Loan Management

Origination and Underwriting: Essential for Loan Management In the realm of digital transformation, many organizations find the most challenging aspects of in-house lending lie in the "origination" and "underwriting" stages.…
credit decisioningBlogs

Credit Decisioning Key to Modern Credit Processes

Credit Decisioning Key to Modern Credit Processes In the contemporary digital landscape, where instant gratification often prevails, swift and accurate credit decisioning has become the bedrock of the lending industry.…
Installment Loan Management SoftwareBlogs

Manage Installment Loans Without Struggle

Consumer Installment Software: Manage Consumer Loans Without Struggle As a lender, managing consumer loans can prove challenging, requiring meticulous tracking of individual loans, payment schedules, and due dates. This process…
Unlocking Omnichannel Marketing Excellence with Vergent LMSBlogs

Unlocking Omnichannel Marketing Excellence

Unlocking Omnichannel Marketing Excellence In today's dynamic lending landscape, where customer interactions span various channels, the need for a seamless and integrated approach to marketing is paramount. Omnichannel marketing has…
Navigating Loan Management Systems: The 6 Essential Questions for SuccessBlogs

Loan Management Systems: 6 Essential Questions

Loan Management Systems: 6 Essential Questions for Success Evaluating loan management systems demands meticulous consideration. Balancing the need for tailored features with concerns like pricing and implementation can overshadow crucial…
Revolutionizing Loan Servicing with Vergent LMS: Unleashing the Power of Comprehensive SolutionsBlogs

Revolutionizing Loan Servicing Software

Unleashing the Power of Comprehensive Solutions In the complex world of finance, making sure loans are well-managed and serviced is crucial for a financial institution to thrive. As the lending…
Unlocking Strategic Excellence: The Reporting Mastery of Vergent LMS in Loan ServicingBlogs

The Reporting Mastery of Vergent LMS in Loan Servicing

Unlocking Strategic Excellence: The Reporting Mastery of Vergent LMS in Loan Servicing In the dynamic and ever-evolving world of lending, success hinges not only on effective loan management but also…
Maximizing Profitability with Installment Loan Software: The Vergent LMS GuideBlogs

How the Right Installment Loan Software Can Increase Profitability

Installment Loan Software Profitability: The Vergent LMS Guide In the fast-paced financial industry, efficiency is paramount for staying competitive and maximizing profitability. Installment lenders are increasingly adopting advanced installment loan…
How to Choose the Best Loan Origination SoftwareBlogs

The Best Loan Origination Software: How to Choose

How to Choose the Best Loan Origination Software Loan origination software (LOS) is a complex and intricate system that automates and streamlines several processes involved in loan management. In addition…
What to Know About Loan Servicing Software for Private LendersBlogs

Loan Servicing Software for Private Lenders 101

Loan Servicing Software for Private Lenders 101 Loan servicing software (LSS) has become the perfect digital solution for financial institutions. It automates various tasks involved in the loan processing cycle,…
What Makes Great Loan Management Software?Blogs

What Makes Great Loan Management Software?

What Makes Great Loan Management Software? Financial institutions need comprehensive and efficient loan management software (LMS) to survive in a competitive and evolving financial landscape. As businesses prioritize streamlined processes,…
A Perfect Solution: Loan Origination Software for SuccessBlogs

Loan Origination Software for Success: A Perfect Solution

Importance of Optimized Loan Origination Software Effectively securing and managing loans is crucial for lending businesses. Yet the manual demands of the loan origination process can cost businesses significant amounts…
Blogs

The Impact of the CFPB’s Regulation F on Creditors

The Impact of the CFPB's Regulation F on Creditors It's been a month now since the implementation of Regulation F. If, as a creditor, you haven't made the necessary changes…
Artificial Intelligence in LendingBlogs

Artificial Intelligence in Lending – What Can It Do For Me?

What Can Artificial Intelligence in Lending Do For Me? (Part 2)   "Computers are useless. They can only give you answers." -Pablo Picasso (1964) In the last post on artificial…
Blogs

Post-Pandemic Credit Decisioning

Post-Pandemic Credit Decisioning: Be Careful!!! Consumer credit is one of the many financial services that continues to change since the pandemic making credit risk decisioning and data analytics even more…
Blogs

Smart Money #4

What Can Artificial Intelligence Do For Me? (Part 1)   "We are stuck with technology when what we really want is just stuff that works." -Douglas Adams, The Salmon of…
Blogs

5 Best Practices for Lenders in 2022

5 Best Practices for Lenders in 2022  In any given year, many lenders are concerned with regulatory changes that the lending industry may face. Regardless of what new regulations come…
Lending ComplianceBlogs

Compliance Corner

According to recent reporting, Lenders are struggling to manage simple processes that the CFPB has outlined in their ongoing guidance. In this summer's CFPB Highlight report, they found numerous problems…
Artificial IntelligenceBlogs

Smart Money #3

In Part 3, Patrick Carpenter continues to answer the question... "What is Artificial Intelligence?"   There are lots of ways to try to answer the question of what makes human…
Blogs

Integrating Decision Engine & Loan Management Software

Though your Decision Engine and Loan Management Software (LMS) can offer great benefits individually, the best benefit to your business and your customers comes when they are well integrated. If…
Blogs

9 Steps to Building an Online Lending Portfolio

The last decade has seen an increasing online shopping trend: the emergence and now dominant presence of Amazon and other ecommerce platforms. With the success of digital shopping, the rise…
Blogs

Smart Money #1

Who am I and what am I talking about? Thinking is the hardest work there is, which is the probable reason why so few engage in it. Henry Ford, 1928…
Blogs

Loan Management Software Creates a Better Online Lending Experience

The customer experience for financial services must take priority. How your customer experiences your loan process will determine if they return to your business. If your loan process starts with…
loan management automationBlogs

Better Customer Experience in Online Lending with Your Decision Engine

You know one of the most important parts of your lending process is the customer experience. Customers today value speed and convenience over all else. If you can't seamlessly provide…
Blogs

What Does Software Quality Assurance Do?

What is Software Quality Assurance? A software quality assurance (SQA) department is the last set of eyes on a product or service before it reaches the public. A QA team…
Blogs

What Does Omnichannel Lending Mean?

Omnichannel lending means that lenders can provide loans in all ways or places. Omni is derived from the Latin word Omni meaning in all ways or places. The channel is…
loan management automationBlogs

How is Automation Transforming Lending And Loan Management?

What is Automation? Automation is a term used frequently in the technology industry. We all vaguely understand what automation means, but you may not know exactly how it works. When…