TL;DR CRS has achieved SOC 2 Type II compliance, showcasing dedication to data security. The journey to compliance involved meticulous steps and strategic decision-making. SOC 2 Type II evaluates operational effectiveness of security controls over time. Being SOC 2 compliant signifies commitment…

Credit data has historically been incredibly segregated, slowing businesses down and creating inefficiencies and potential errors. Traditionally, companies have had to create individual connections to each bureau—Equifax, Experian, and TransUnion—leading to redundant efforts, increased technical demands, and higher chances of errors. The…

Tenant screening is one of the most important processes in successful property management. A thorough tenant screening process ensures the selection of responsible and reliable tenants while minimizing financial and property risks.  Understanding your tenant’s profile is more important than ever, as…

As we approach the end of 2023, the commercial lending landscape has certainly experienced its fair share of ups and downs. Financial institutions started the year concerned with the rising impact of inflation and higher interest rates, coupled with supply chain disruptions…

The pandemic’s impact on US businesses meant that bankruptcy filings increased dramatically in recent years. The number of business bankruptcies was anticipated to rise 196.0% in 2020 alone. However, many bankruptcy attorneys still struggle to find new clients.  Competition for leads is…

Easy access to financial resources can help businesses improve cash flows and seize opportunities as they arise. Thus, loan origination is essential to staying competitive and relevant in today’s dynamic business climate. But how does one ensure a successful loan origination process?…

Credit reporting agencies provide an invaluable service to lenders and businesses that seek financing. These agencies give lenders the information they need to assess a borrower’s creditworthiness and make informed lending decisions. Credit reporting agencies act as intermediaries between borrowers and lenders,…

The pandemic created an opportunity in the consumer lending market, according to research by McKinsey Consulting. The firm’s analysis revealed that although financial institutions are serving a significant share of the consumer population, there are large segments that are underserved or not…

Top Proptech Solution Companies in 2023 Proptech—short for property technology—is seeing explosive growth, with the global proptech market expected to reach $64.3 billion by 2028. There are dozens of uses for proptech solutions, from tenant screening to building automation and maintenance to…

Historically, lenders have been wary about providing credit to small businesses in the US. A report by the US Federal Reserve details that lending to small businesses is generally considered to be riskier and more costly than lending to larger firms.  “The…