State of the Industry: Lending Challenges Facing Credit Unions in 2023
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2023 is shaping up to be an interesting and challenging year for lending. In fact, 71% of credit unions are reporting a rise in delinquency rates this year according to a recent survey. As a result, credit union leaders are more focused on minimizing loan defaults and simultaneously growing their portfolio. If your organization is struggling to make loan decisions that are both timely and efficient while also trying to reduce delinquency rates, then you’re not alone.
Join us for a “state of the industry” discussion about lending challenges in 2023, how to improve your loan decision process, and tips to minimize risk during a recession. We’ll be sharing the latest insights from our Lending Enablement Benchmark Study, as well as:
- Top reasons lenders deny loans to potential borrowers
- Trends in delinquency rates in 2023
- Top strategic priorities for financial institutions in 2023
- How others are solving for decreases in auto loan certs
Register for the webcast and receive a complimentary copy of Open Lending’s 2023 Lending Enablement Benchmark Study.
Can’t attend? Register for the webcast and watch it on-demand after the live webcast.
Matt Roe | Chief Revenue Officer | Open Lending
As the Chief Revenue Officer at Open Lending, Matt oversees all aspects of the customer partnership model by providing high quality consultation, training, and deployment strategies for the Lenders Protection product. Matt has been with Open Lending since 2007, serving a variety of crucial roles within the company for more than ten years. Matt possesses unique skills as a system and product analyst and has experience acting as a technical contact for clients during the implementation phase. He’s also provided direction and guidance for project teams to ensure product compliance and timely execution in the areas of project management. Matt holds a Bachelor’s Degree from Texas State University in San Marcos, Texas. He and his wife reside in Austin, Texas with their four children.