Expansion Marks the Third New Market for CRIF Select this Year
CRIF Select, a division of CRIF Lending Solutions, today announced the expansion of its outsourced lending solutions for credit unions and auto dealers into the Colorado indirect lending market. With this addition, CRIF Select (formerly Aimbridge and FLS) now serves 19 markets with its full suite of indirect and direct lending solutions, and has plans to launch in additional markets later this year.CRIF Select’s fully outsourced indirect auto lending services, which are designed to allow easy entry into the indirect lending market for credit unions and dealers alike, include dealer management and representation, after-hours underwriting, leasing support and the ability to adjust underwriting guidelines and offer new programs to respond to unique market demands. In addition, WhereMembersBuy.com, CRIF Select’s online auto shopping service, gives credit unions the ability to engage with their members on the Internet to capture more member loans, and gives auto dealers the opportunity to connect local credit union members with their inventory.For lenders looking to explore different channels for loan volume, CRIF Select also offers merchant lending services. This point of sale lending program allows local merchants to generate, submit and close loans on site, and can be a great lead generation solution for small business lending.
About CRIF Lending Solutions
By bringing together the automated lending technology and services of Aimbridge, APPRO, Cypress, FLS, Magnum and Teres, CRIF Lending Solutions provides loan and account origination, business process outsourcing, credit decisioning, data access and analytics solutions to 650 of the U.S.’s most successful financial institutions including banks, credit unions, finance companies, retailers and credit card processors.Source: CRIF Lending Solutions