Engage indirect borrowers in 4 simple steps

first_imgMost financial institutions see the enormous benefits that indirect lending can provide. With little impact on your front line staff, and utilizing much of the back end processes that facilitate your direct lending program, indirect lending can increase your auto loan portfolio significantly and introduce your financial institution to a new crop of borrower. However, turning that indirect borrower’s loan into a full relationship can prove challenging.How do you make sure indirect borrowers don’t view their loans with you as a “one and done” transaction? Here are four steps you can take to capture additional business from your indirect lending borrowers and make them think of your financial institution first when they need additional banking and loan products.1. Create a good first impressionPurchasing or refinancing a vehicle can be an arduous process. Borrowers are inundated with numbers and terms they may not fully understand, and usually walk away with paperwork that gets shoved in a drawer and only looked at when it’s time to refinance the vehicle or pay it off. Many times, indirect borrowers may not have a clear understanding of who their new lender is after all is said and done, so make sure your financial institution creates a welcoming start to your new relationship. continue reading » 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Delight as Letterkenny Shopping Centre now fully let

first_imgLetterkenny Shopping Centre is celebrating a prosperous year as they reach full occupancy and welcome a 12% increase in footfall. The shopping hub now serves over 70,000 weekly shoppers across 104,000 sq. ft. of prime retail space. Lettings totalling 6,150 sq. ft. has resulted in Letterkenny Shopping Centre being fully let. The centre has become a principal shopping destination in the North West with anchor tenants Tesco and Penneys and a further 40 other retailers including DV8, Costa Coffee, Pamela Scott, Argento, Euro Giant and Eason to name but a few.The accessibility and convenience for customers are second to none, with 660 free surface level car parking spaces.The scheme continues to deliver an enhanced offer and customer experience for over 70,000 weekly shoppers,representing an increase in footfall of 12% in the last year.The adjacent bus depot further connects the Centre to its 200,000 strong catchment and beyond. The Shopping Centre is the largest in Co. Donegal and one of six regional Shopping Centres in the Harcourt Development retail portfolio located throughout Ireland, with a combined area of over 1,000,000 sq. ft. and over 300 occupiers.Ed McCulloch, Senior Property Management Surveyor, Harcourt Developments said:“We are delighted to report a fully let position in Letterkenny Shopping Centre.“Overall economic performance has had a positive impact on retail spending and sentiment.“In the Harcourt retail portfolio this is evident through the retention of existing occupiers and increased demand from new entrants for retail space. “With continued support to many local charities and the introduction of community rooms, play zones and periodic mall entertainment and promotions, we continue to reinforce each centre’s commitment to the community.”Delight as Letterkenny Shopping Centre now fully let was last modified: November 21st, 2018 by Staff WriterShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:Letterkenny Shopping Centre.last_img read more