Showing 25 of 25 articles
Omega Complies with Regulation F: New Email Unsubscribe Features for Lenders
Staying compliant with evolving regulations is crucial for lenders. We're excited to announce that Omega now fully supports the new email communication requirements under Regulation F, giving you the tools to manage customer unsubscribe requests seamlessly.
Megasys + Veritec: Enforcing Illinois Lending Requirements Made Simple
Illinois lenders face specific state reporting and rate-cap rules. To make compliance easier, Megasys now includes a simple setting that requires Veritec processing for Illinois loans—so your teams follow the rules as part of their normal workflow.
Unlock the Power of Your Data: How Analytics Can Transform Your Loan Servicing Operations
In today's competitive lending environment, data isn't just information—it's your competitive advantage. Discover how advanced analytics can help you make smarter decisions, reduce risk, and improve borrower satisfaction.
The Hidden Costs of Using Outdated Loan Servicing Systems for Subprime Consumer Lenders
Many subprime consumer lenders continue using legacy loan servicing systems under the belief that switching would be too expensive or disruptive. But in 2025, sticking with outdated systems may be quietly draining profits, increasing compliance risk, and hurting borrower satisfaction.
MegaBash Conference
Join us at the MegaBash Conference in Newport Beach, CA from September 3-4, 2025. Our annual client conference featuring the latest Omega updates.
Introducing Custom Forms: Total Flexibility Built Right Into Omega
Customize Your Workflow with Omega's New Custom Forms Feature. This powerful new feature gives you complete control over your data collection, screen layouts, and form logic—without ever needing to write a single line of code.
Why OFAC Compliance Matters for Subprime Lenders — And How Omega Simplifies It
OFAC Compliance Isn't Optional — Especially for Subprime Lenders. As a subprime lender, you're already navigating a complex regulatory environment, serving high-risk borrowers, and managing tight operational margins.
Louisiana Finance Association (LFA) Conference
Join us at the LFA Conference in Orange Beach, AL from July 16-18, 2025. Connect with Louisiana finance professionals.
Resident Lenders of North Carolina (RLNC) Conference
Join us at the RLNC Conference in Hilton Head, NC from July 14-16, 2025. Connect with North Carolina lending professionals.
Texas Consumer Finance Association (TCFA) Conference
Join us at the TCFA Conference in The Woodlands, TX from June 18-20, 2025. Connect with Texas consumer finance professionals.
MegaNews June 2025 – Military Lending Act
Seamless Integration with the Military Lending Database Helps Protect Installment Lenders. The Military Lending Act (MLA) was established to provide additional financial protections for active-duty service members and their families by setting clear, standardized lending requirements.
Alabama Installment Lenders Association Conference
Join us at the Alabama Installment Lenders Association Conference in Gulf Shores, AL from June 5-7, 2025. Learn about installment lending best practices.
AFSA Independents Conference
Join us at the AFSA Independents Conference in Huntington Beach, CA from May 19-22, 2025. Connect with independent finance companies and learn about industry trends.
MegaNews May 2025 – The Subprime Squeeze
How Consumer Lenders Can Thrive in a High-Delinquency World. The economic tides are shifting—and subprime lenders are feeling the squeeze.
MegaNews April 2025 – Six Essential Tips for a Successful Data Conversion
Six Essential Tips for a Successful Data Conversion! Are you considering switching software providers but feeling uneasy about data migration? Don't worry! With proper preparation, your data conversion can be seamless.
New Partnership Announcement – TextThread!
We are excited to announce our new partnership with TextThread, bringing seamless two-way SMS messaging directly into the Omega platform.
California Financial Services Association (CFSA) Educational Workshop
Join us for the CFSA Educational Workshop in Orange County, CA on March 20, 2025. Learn about compliance and best practices in consumer finance.
MegaNews March 2025 – Best Practices for Reporting to Credit Bureaus
Best Practices for Reporting to Credit Bureaus. Accurate and timely credit reporting is crucial for lenders—it not only helps assess consumers' financial health but also plays a key role in improving their credit scores.
MegaNews February 2025 – Choosing the Right Loan Servicing Software Provider
Is Your Loan Management Software Meeting Your Needs? The consumer finance industry is evolving rapidly, and staying competitive requires the right technology.
AFSA Vehicle Conference
Join us at the AFSA Vehicle Conference in New Orleans, LA from January 20-23, 2025. Meet our team and learn about the latest in auto finance technology.
MegaNews January 2025 – Megasys Reflection
The year 2024 was a milestone for us, showcasing remarkable growth in our customer base, alongside several new features and partner enhancements aimed at further enhancing the Omega Loan Management System experience.
MegaNews November 2024 – Data Protection & Vendor Compliance
How Safe is Your Data with Your Loan Software Provider? Cyber threats, data breaches, and privacy violations—oh my! It's crucial for your company to implement internal procedures to safeguard your data.
Online Lending – Are you keeping up with the Digital Natives?
Embracing online lending service options can provide numerous advantages, such as reaching a broader audience, enhancing customer convenience, and streamlining the application process.
Megasys Makes the Top SubPrime175!
Megasys is thrilled to be selected as a top leader in the auto finance industry for the 11th consecutive year!
Megasys Reflection 2023
2023 celebrated a successful year of customer base growth. This past year we added several new features and enhancements to improve the Omega Loan Management System experience.