Join us at LendIt Fintech USA next week, where Peach CEO Eddie Oistacher will be speaking about the keys to modern lending products. He’ll be joined by John Scrofano, Remitly’s VP of Passbook, with moderator Hal Bienstock of Prosek Partners. The session will take place in Room 4 on Wednesday, May 25 at 5:05pm.
We’re proud to officially announce our partnership with Mission Lane, helping power their Credit Builder Account—a new credit builder loan product aimed at setting consumers on the path to establishing strong credit.
We’re excited to announce that Peach has been selected as a launch partner for the Visa Ready for BNPL Program. This means that Peach will be readily available to any Visa clients looking to stand up BNPL capabilities.
Today we’re spotlighting Russell Braden, our VP of Product. Russell is responsible for the suite of APIs that powers our modern loan servicing capabilities. That includes our expanding feature sets around payment processing, communications, agent tools, user portal and strategic partnerships.
Whether you’re buying or building the customer relationship management (CRM) technology for your lending program, there are some important ways in which it should differ from a general-purpose CRM. Here are 9 key features to look for that will help you lower your servicing costs and increase agent and borrower satisfaction.
Welcome to the first in a series of blog posts highlighting members of Peach’s leadership team. Today we’re featuring Dave Waller, our VP of Enterprise Sales, who brings 30 years of experience helping financial institutions and technology companies navigate digital transformation initiatives.
Here at Peach, we’re proud to have added two key members to our leadership team: Russell Braden joins as VP of Product, and Dr. Anurag Ojha joins as Chief Information Security Officer. Braden and Ojha join Peach’s existing leadership team, which includes CEO Eddie Oistacher, CTO Eran Sandler and COO Gur Brosh.
The CFPB’s new debt collection rule, Regulation F (Reg. F), lays out important requirements for lenders, servicers and debt collectors. Because Reg. F just recently took effect, we wanted to expand on our previous Reg. F blog post—and to outline some of the ways we’re helping alleviate the Reg. F compliance burden for our customers through smart automation and forward-looking product development.
At Peach, we work with many early-stage fintechs looking to launch new lending products. A common question they face is whether to buy a piece of the lending technology stack or build it in-house. These fintechs are technology companies themselves, with strong in-house product and engineering teams. So it’s no surprise that they’re often strongly inclined to build. Here’s how we help our customers think about this decision with regard to servicing tech specifically.
The CFPB’s final rules on debt collection issued in October and December 2020 have left creditors and servicers wondering what to do with them. These rules were the result of a 7-year long process and represent the first major rulemaking under the Fair Debt Collection Practices Act (FDCPA) since the law’s inception over 40 years ago. Even with the rules finalized, as described in greater detail below, incoming CFPB leadership has questioned whether the final rules need to be further refined.
We’re excited to announce that Shara Chang has joined Peach as our General Counsel & Chief Compliance Officer. Shara’s addition will enable us to build and scale our lending and servicing systems with compliance considerations at the forefront. Because one of our main value-adds for lenders is mitigating compliance risk, our own investment in legal and compliance personnel is critically important.
The recent COVID-19 outbreak has transformed call centers into potential transmission zones, creating health risks for workers. Regardless of whether states allow call centers to remain open, we believe all lenders need to be able to quickly shift servicing operations to remote work to protect the health and safety of their employees—and to ensure business continuity.
The COVID-19 public health crisis has created unprecedented challenges for borrowers and lenders alike. This post focuses on how lenders can leverage Peach’s solution to help borrowers in times of emergency and financial hardship. Peach’s solution gives lenders various ways to handle hardships and loan modifications