Aimbridge Indirect Lending Enhances Aimbridge Connect; Enhancements Create Quicker and More Efficient Loan Decisioning Process.DENVER -- Aimbridge Indirect Lending, a division of Aimbridge Lending, announced that it has enhanced Aimbridge Connect, a system that enables automotive dealers to immediately track and verify (1) To prove the correctness of data. (2) In data entry operations, to compare the keystrokes of a second operator with the data entered by the first operator to ensure that the data were typed in accurately. See validate. automobile loan applications from entry through funding online, creating a quicker and more efficient loan decisioning process. Aimbridge Indirect Lending is a financing channel that connects credit unions with an auto dealer network to provide members and potential members with auto loans. "We have listened to our credit union and dealer partners needs and have enhanced Aimbridge Connect so that it is easier to navigate (1) "Surfing the Web." To move from page to page on the Web. (2) To move through the menu structure in a software application. and contains more automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. functions to make the loan application approval process faster and more efficient," said Steve Bentley, 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 Aimbridge. "These enhancements to Aimbridge Connect will improve our credit union partners offering and make them more competitive in the dealer marketplace." Through Aimbridge Connect, dealers have access to AppLine and LoanTrack. AppLine, formerly known as IDA Ida (ē`dä), city (1990 pop. 91,859), Nagano prefecture, central Honshu, Japan, on the Tenryu River. It is an agricultural market and railway junction. or Internet Dealer Application, is the online application component of Aimbridge Connect that decisions loan applications in 10 seconds. LoanTrack is the new name for the tracking and queuing The process of lining up events in the order you want them processed. Whether it refers to packets in an IP network that search for the most optimal path to their destination, or telephone callers sitting in a "hold queue" waiting to be answered, queuing means the same thing: deciding on capabilities of Aimbridge Connect. Dealers submit applications through AppLine, and they are automatically decisioned. Those applications that are not automatically decisioned are forwarded to the credit union for review through LoanTrack. Dealers track the status of applications using LoanTrack, and through this tool, loan funding decisions are sent to dealers. AppLine offers several new functions for dealers including an automated membership eligibility check so that dealers can find out if a potential car buyer is a member or is eligible to become a member of one of Aimbridge's participating credit unions. AppLine has a pre-fill functionality, which automatically enters data, such as name and address into the appropriate fields on the application based on the member's Social Security number. It also provides dealers with better access to credit union auto loan rates. "AppLine's enhancements improve the quality of information credit unions receive," Bentley added. "Credit unions gain a more comprehensive application that contains more precise and complete information on each applicant. Additionally, the automated membership check ensures that members, and eligible new members, are captured at the point of sale." Dealers can access Aimbridge Connect through a new Web site, www.aimbridgeconnect.com. Once dealers enter the Web site, they select the "Dealers" option, enter their assigned as·sign tr.v. as·signed, as·sign·ing, as·signs 1. To set apart for a particular purpose; designate: assigned a day for the inspection. 2. password and view all of the current contracts they have with Aimbridge Indirect Lending. Dealers can find their contracts on one of four queue Pronounced "Q." A temporary holding place for data. See queuing, message queue and print queue. (programming) queue - A first-in first-out data structure used to sequence objects. Objects are added to the tail of the queue ("enqueued") and taken off the head ("dequeued"). pages: Submitted for Decisioning, Approved/Declined, In for Funding or Completed. Contracts automatically move to different queues as their status changes. Dealers can also search for specific loan applications by selecting the "Search" option, entering their search criteria and selecting, "Go." Aimbridge Connect also prints callback An authentication technique that calls the sender back. After connection is made, the receiving side breaks the connection and calls the sender to ensure that the logon was made from the authorized computer. Callback prevents a stolen ID and password from being used on a different machine. sheets and funding vouchers. Callback sheets detail the decision made on a particular loan application, and funding vouchers indicate how many loan contracts were funded by date range for the dealership's accounting office. Bentley said, "We value our relationships with our credit unions and dealers and will continue to look for new ways to expand and improve the technology and capabilities to strengthen the credit union and dealer relationship." About Aimbridge Founded in 1984, Aimbridge markets financial products, such as auto loans, mortgages and insurance products through partnerships with credit unions. The company helps their partners attract members and deepen deep·en tr. & intr.v. deep·ened, deep·en·ing, deep·ens To make or become deep or deeper. deepen Verb to make or become deeper or more intense Verb 1. their relationships by providing members with more reasons to do business with their credit unions. Aimbridge Lending is comprised of four divisions, including Aimbridge Indirect Lending, Aimbridge Home Loans, Aimbridge Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and Aimbridge Disposition Services. The company is headquartered in Denver and has remote offices throughout the Unites States. For additional information, visit www.aimbridge.com. |
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