Cost Per Funded Loan: The Ultimate Efficiency Hack for Lenders
💰📊💡 Looking to take your lending business to the next level? You’re in the right place! This blog post unravels the magic behind a powerful metric called Cost Per Funded Loan (CPFL). Whether you’re a seasoned lender or just getting started, understanding and optimizing your CPFL could be the game-changer that skyrockets your efficiency and […]
Leveraging the Refinancing Rate [RR]: A Powerful KPI for Subprime Lenders
Introduction The Refinancing Rate (RR) is a crucial Key Performance Indicator (KPI) for subprime lenders seeking to understand their loan portfolio’s performance. The RR reveals the proportion of loans that get refinanced within a specific period, providing valuable insight into the sustainability of your portfolio. The Importance of Refinancing Rate The Refinancing Rate [RR] is […]
KPI: Cross-Sell Ratio [CSR] for Subprime Lenders
Boost Your Bottom Line: Cross-Sell Ratio Tactics for Subprime Lenders Definition and Precise Measurement of CSR: The Cross-Sell Ratio refers to the ratio of the number of products or services sold per customer. It measures how effectively you can increase the number of services or products a single customer uses. For your lending institution, it measures […]
Subprime Lender Loan Charge-Off Rate (LCR) – Definition and What It Measures
Loan Charge-Off Rate (LCR) – Definition and What It Measures The Loan Charge-Off Rate (LCR) is a Key Performance Indicator (KPI) that quantifies the rate at which a lender’s loans are deemed unlikely to be recovered and written off as a loss. It measures the risk and effectiveness of a lender’s credit decisions and recovery […]