Author: PROGRESS In Lending

In The NewsResearch

Bankcard Balances Surpass $1 Trillion As Millennials Increasingly Turn To Cards

Findings from the newly released Q4 2023 Quarterly Credit Industry Insights Report (CIIR) from TransUnion (NYSE: TRU) reveal that credit card debt is at a historical high, driven in part by Millennials further building on their credit portfolios. This comes at a time when an anticipated reduction in interest rates over the course of the coming year may open up new avenues to more affordable credit.

Read More
In The NewsLoan Servicing

LoanCare Launches Enhanced, Proprietary Servicing Website

LoanCare, a U.S. mortgage subservicer, has introduced a wholly re-imagined, re-engineered, and re-designed version of the myloancare.com website powered by its proprietary software. The new homeowners’ website provides a path toward a more consumer-centric tech-driven future through state-of-the-art capabilities designed for quick interactions and intuitive self-service options.

Read More
Home PurchasesIn The News

LenderLogix Q4 2023 Homebuyer Intelligence Report Data Shows Steady Home Buying Activity

LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, released the Homebuyer Intelligence Report, a quarterly summary of insights into borrower behavior during the home buying process based on data collected by the LenderLogix suite of tools. The latest report covers data collected during the pre-approval and borrower application process during the fourth quarter (Q4) of 2023.

Read More