PODCAST: Small-Ticket Underwriting & Risk Management

Traditionally, lenders have based credit decisions on tried and true data points like credit scores or last year’s financial reports and tax returns. In recent years, some companies have even implemented auto decisioning. But the pandemic has completely shifted the risk landscape. A company that was healthy in January might be a dicey bet today. Chris Lerma, Chief Risk Officer at AP Equipment Financing, discusses how small-ticket underwriters can adjust their approach to minimize risk in this environment.