Aimbridge Lending Solutions Enhances AimbridgeConnect.Lending solutions expert expands product offerings to include direct lending services ORLANDO Orlando, city, United States Orlando (ôrlăn`dō), city (1990 pop. 164,693), seat of Orange co., central Fla., in a lake region; inc. 1875. In a citrus fruit and farm area, it is one of the world's most visited vacation spots. , Fla. -- Aimbridge([R]) Lending Solutions, an integrated provider of multi-channel, multi-lender auto buying and lending services, introduced an expanded suite of direct lending products at the Florida Credit Union League A credit union league (League) is a United States state-level trade association for credit unions, which are non-profit financial cooperatives. Credit union leagues hold a primary interest in the Credit Union National Association (CUNA). Annual Convention and Exposition exposition or exhibition, term frequently applied to an organized public fair or display of industrial and artistic productions, designed usually to promote trade and to reflect cultural progress. . AimbridgeConnect[TM] now offers complete front-end lending with direct, indirect and Web-based solutions based on its proven indirect workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. management platform. The additional offerings are part of Aimbridge's ongoing efforts to address the changing needs of credit unions and their members. Aimbridge provides products to credit unions and automotive dealerships across the country that allow members to obtain auto loans while taking advantage of the specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. customer service that credit unions offer. Aimbridge currently serves more than 500 credit unions throughout the country and AimbridgeConnect's new ability to access multiple products through any channel will give credit unions a strong competitive advantage. AimbridgeConnect's new direct lending products, which include auto loans, lines of credit, home equity loans, home equity lines of credit, credit cards, boat loans, motorcycle loans A motorcycle loan is a form of consumer credit used to purchase a motorcycle. Typically the interest rate charged on a motorcycle loan is based on the credit applicant’s past credit history and debt to income ratio. , RV loans, signature loans, and pledge loans, give Aimbridge the ability to capture Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the applications that are submitted through credit union Web sites or credit unions can send them to Aimbridge directly. The company then delivers decisions based on scorecards uniquely created by each of the credit unions. "The biggest benefit to our customers is the fact that the direct lending products are an extension of Aimbridge's existing technology," David Lindsey, vice president of technology and product development at Aimbridge, said. "Everything was built on the same platform, so customers are able to use the same proven tools and tracking elements that are already available to them with AimbridgeConnect." Users visit the AimbridgeConnect Web site where they can manage their direct, indirect and Web-based loan volume. All of the direct products are both scaleable and customizable, which allow credit unions to use AimbridgeConnect in the way that best fits the needs of their organization and its members. The Illinois Illinois, river, United States Illinois, river, 273 mi (439 km) long, formed by the confluence of the Des Plaines and Kankakee rivers, NE Ill., and flowing SW to the Mississippi at Grafton, Ill. It is an important commercial and recreational waterway. Credit Union League (ICUL ICUL Illinois Credit Union League ICUL Indiana Credit Union League ) began using AimbridgeConnect in 2006 and was so pleased with the product and its results that in 2007, the League decided to talk to Aimbridge about replacing its current credit card decisioning for almost 200 credit unions. Now, the League is one of the first organizations to use the expanded direct lending service. "Aimbridge Lending Solutions has always had a clear understanding of the needs of the credit unions," Philip Curle, manager of the loan services department at ICUL, said. "As a result, we have a credit card product that was tailored to fit our business model, rather than being required to shape existing lending processes around the product. This is the reason why we have enjoyed such success with AimbridgeConnect in the past, and it continues to help us improve our processes." About Aimbridge([R]) Lending Solutions Since 1984, Aimbridge Lending Solutions has partnered with credit unions and automotive dealers to market auto loans and insurance products. The company hosts a single platform through which direct, indirect and Web-based lending solutions help its partners increase automotive lending and ultimately increase revenue. The company, headquartered in Englewood, Colo., has remote offices throughout 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. . For additional information visit www.aimbridge.com, call 1.888.400.2865 or e-mail info@aimbridge.com. |
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