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5 Strategies For Reducing Consumer Deposit Interest Expense

Speakers:

Brad Resnick – Director, Retail Deposits
Ray Montague – VP Client Success, Deposit Products

Curinos expects interest rates to stay higher for longer and that deposit growth will remain a challenge. In this challenging environment, community banks and credit unions face an urgent need to explore cost-effective growth and retention opportunities.

Join us for a high-impact webinar that will provide practical insights and actionable strategies to better position your institution for success in a dynamic deposit marketplace.

  • Embrace the new deposit terrain: Prepare more effectively for the challenges and opportunities in the current deposit market.
  • Develop go-to-market strategies: Determine the right pricing zone for your growth target and alternative non-rate-based opportunities.
  • Optimize pricing and products: Learn how to leverage customer data to create targeted pricing models to enhance competitiveness.
  • Manage term maturities: Find out more about CD retention risk in 2024 and how to fine-tune pricing to avoid funding gaps or unnecessary interest expense.
  • Hone your competitive edge: Analyze market trends, benchmark industry leaders, and develop unique value propositions that set your institution apart.

The data-driven insights shared during this webinar will help you navigate the evolving deposit landscape with greater confidence so you can achieve better business results.

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Nowhere is the mortgage shakeout more apparent than in the wave of mergers and acquisitions that have washed across the industry ever since interest rates started to rise. And that wave is occurring even though credit trends aren’t deteriorating significantly. Courageous buyers view the upheaval as an opportunity to enter new markets and then cut costs from overlapping operations. As these are early days, it is unclear whether these classic strategies to grab market share will ultimately succeed. If economic conditions deteriorate and credit trends weaken, some lenders may experience buyer’s remorse. What’s clear is that the industry’s trends aren’t showing any signs of recovery, with volume down 53.3% year over year. Market trends are showing lower weighted average FICOs (dropping from 760 to 745), higher LTVs (increasing from 72% to 81%). Both metrics are associated with a move away from the refinance boom and toward a stronger purchase market. This means that buyers can’t rely on new geographies to guide them to better times. Instead, lenders will need to keep charging ahead with efforts to optimize margins by using granular pricing strategies. They also must have a clear retention strategy for their mortgage servicing portfolio because recapture will represent a significant opportunity when rates start to come back down.

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Contact us to learn more about how Curinos can help you navigate today and prepare for tomorrow.

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Need to contact a specific team?

Sales Inquiries:
Sales@curinos.com

Accounts Payable Inquiries:
CurinosAP@curinos.com

Media Inquiries:
Curinos@cognitomedia.com

Need to contact a specific team?

Sales Inquiries:
Sales@curinos.com

Accounts Payable Inquiries:
CurinosAP@curinos.com

Media Inquiries:
Curinos@cognitomedia.com

Need to contact a specific team?

Sales Inquiries:
Sales@curinos.com

Accounts Payable Inquiries:
CurinosAP@curinos.com

Media Inquiries:
Curinos@cognitomedia.com

Need to contact a specific team?

Sales Inquiries:
Sales@curinos.com

Accounts Payable Inquiries:
CurinosAP@curinos.com

Media Inquiries:
Curinos@cognitomedia.com

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