Aimbridge Offers Sub-prime Auto Lending Program; Offering Enables More Potential Buyers to Obtain Auto Loans.DENVER Denver, city (1990 pop. 467,610), alt. 5,280 ft (1,609 m), state capital, coextensive with Denver co., N central Colo., on a plateau at the foot of the Front Range of the Rocky Mts., along the South Platte River where Cherry Creek meets it; inc. 1861. -- Aimbridge Lending, a provider of financial products through partnerships with credit unions, announced that it is now offering a sub-prime automobile lending program through its new division, Member Lending Acceptance (MLAC MLAC Massachusetts Legal Assistance Corporation MLAC Mechanized Loop Assignment Center MLAC Mammoth Lakes, California MLAC Missing Logical and in Expression Used as Branch Condition (software fault) ). MLAC offers (auto) loans to buyers through its existing auto dealership network when there is not an existing credit union that can provide the loan to the buyer. "Being able to offer credit union members an automobile loan continues to help us fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. our mission of helping credit unions attract and retain members," said Ann ANN, Scotch law. Half a year's stipend over and above what is owing for the incumbency due to a minister's relict, or child, or next of kin, after his decease. Wishaw. Also, an abbreviation of annus, year; also of annates. In the old law French writers, ann or rather an, signifies a year. Schmitt, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Aimbridge. "Qualifying for a loan through our sub-prime program means that a member will not turn to a competing financial institution to get that loan." Traditionally, Aimbridge offers automobile loans to credit union members through Aimbridge Indirect Lending, a financing channel that connects credit unions with an automotive dealer network to provide members and potential members with loans and leases. With Aimbridge Indirect Lending, potential car buyers have to be a member or qualify to become a member of one of Aimbridge's participating credit unions. Borrowers must then qualify for credit union financing. Now potential buyers can get an automobile loan through the sub-prime lending program even if they do not qualify for credit union financing. The sub-prime lending program is offered to credit union members who have credit scores that do not meet the credit union's criteria. When a credit union is not in a position to offer a loan directly to the member, it can turn to Aimbridge's sub-prime lending program for a loan, which benefits both the member and the credit union. "Auto dealers want to work with groups that can qualify as many potential car buyers as possible to a loan program, which is why a sub-prime lending program is attractive to them," said Schmitt. "The primary goal of the program is to turn away as few potential buyers as possible." Aimbridge's sub-prime lending program is currently being Beta tested A test of new or revised hardware or software that is performed by users at their facilities under normal operating conditions. Beta testing follows alpha testing. Vendors of packaged software often offer their customers the opportunity of beta testing new releases or versions, and the in Tampa, Fla. to ensure that it meets all service levels. Sub-prime auto loans are offered using Aimbridge's existing proprietary technology platform. 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 more reasons to do business with their credit unions. Aimbridge Lending is comprised of five 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. , Aimbridge Disposition Services and Member Lending Acceptance (MLAC). 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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