APPRO Systems Helps Credit Union Acceptance Corp. Interface with DealerTrack.Business Editors BATON ROUGE Baton Rouge (băt`ən r  zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. , La.--(BUSINESS WIRE)--Jan. 8, 2004 Online, real-time loan approval now available to Texas, Florida and South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. auto dealers APPRO Systems, Inc., the leading provider of automated credit risk management and financial technologies for the lending industry, today announced that it has successfully interfaced Houston-based Credit Union Acceptance Corporation's (CUAC CUAC Colleges and Universities of the Anglican Communion ) credit evaluation system into the DealerTrack(TM) online auto financing platform. CUAC is a Credit Union Service Organization A Credit Union Service Organization (CUSO) allows a credit union the ability to conduct business that they would otherwise be restricted from due to regulatory constraints. (CUSO CUSO Credit Union Service Organization CUSO Canadian University Services Overseas CUSO Canadian University Services Organization CUSO Carson United Soccer Organization ) founded by eight Houston-based credit unions to represent credit unions in the indirect finance market. This interface enables automobile dealers throughout Texas, Florida and South Carolina to submit consumer lease and loan applications online to LoanCenter Consumer(TM), APPRO's consumer loan automation system. The consumer's application information -- submitted via the Web -- is integrated into CUAC's decisioning engine via the DealerTrack interface. This allows dealers to receive a response from CUAC on credit applications in as little as a few seconds. "Using DealerTrack enables automobile dealers to see us as a valuable lending source and gives us a mechanism to compete with banks and other credit unions," said Adrian Dominguez, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Credit Union Acceptance Corp. "In fact, since implementing the platform, in one month alone, we have seen a 25 percent increase in funded loans. I have worked with APPRO for more than six years and am consistently impressed with APPRO's ability to create solutions for its customers. Their high level of support makes it possible for us to continue to better serve our credit union clients and their members." APPRO's interface with DealerTrack is immediately available to APPRO customers running the LoanCenter system. The interface is a translation layer embedded within APPRO Loan Exchange (ALEX), APPRO's robust middleware tool that connects APPRO databases to third party systems. ALEX uses HTTP/HTTPS protocols to communicate securely with DealerTrack. "APPRO Systems has been successful because we work with our customers to constantly improve our offerings to ensure they get the most out of our solutions," said Steve Uffman, CEO of APPRO Systems, Inc. "Working with CUAC to develop an interface with DealerTrack adds greater value to the APPRO system CUAC already has in place." About Credit Union Acceptance Corp. Credit Union Acceptance Corporation (CUAC) is a Credit Union Service Organization (CUSO) founded in 1998 by eight Houston-based credit unions: PrimeWay(TM) FCU FCU Federal Credit Union FCU Florida Credit Union FCU Fan Coil Unit FCU Fuel Control Unit FCU Flight Control Unit FCU Flexor Carpi Ulnaris FCU Familial Cold Urticaria FCU Fire Control Unit FCU Fused Connection Unit FCU Flow Control Unit , Cy-Fair FCU, Energy Capital CU, Houston FCU, Houston Municipal Employees FCU, Member Source CU, Shell Employees FCU and USE CU. CUAC was formed to represent credit unions in the indirect finance market. Designed for Credit Unions by Credit Unions, it currently services 37 credit unions in the Texas, Florida and South Carolina markets. CUAC benefits participating credit unions in the form of auto loan portfolio growth and provides a one-stop car-buying service for credit union members. For additional information about CUAC, visit the company's Web site at www.cuac.net. About APPRO Systems, Inc. APPRO Systems, Inc. is the lending industry's leading provider of comprehensive, automated credit risk management and financial technologies for the Internet and traditional lending environments. APPRO supports more than 400 financial institutions, with customers of all types in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. . The company provides rapid implementation time and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. for its signature product, LoanCenter(TM), a scalable software system that enables high decision quality and speed and automates the entire workflow of processing credit applications and originating loans for lenders of all sizes. The 25-year-old company is based in Baton Rouge, La. with additional offices in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. . For additional information about APPRO, visit the company's Web site at www.approsystems.com. |
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