CINCO Family Financial Center Selects Lending Solutions for Internet Lending.Produces more lending channels and enhances member service ELGIN, Ill. -- Lending Solutions Inc. (LSI LSI: see integrated circuit. (Large Scale Integration) Between 3,000 and 100,000 transistors on a chip. See SSI, MSI, VLSI and ULSI. ), a provider of lending center services and consulting programs for financial institutions across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , announced that Cincinnati-based CINCO Family Financial Center Credit Union, a financial co-operative with more than 20,000 members, has selected LSI to extend its 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 lending capabilities. CINCO is expanding the company's loan services to include LSI's Internet lending feature, streamlining the application process with 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. approvals and loan decisions. LSI's Internet loan application includes 24/7 underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. support through LSI's National Loan Processing Center (NLPC NLPC National Legal and Policy Center NLPC National Loan Processing Center NLPC Newfoundland and Labrador Power Commission NLPC New London Parks Conservancy (New London, CT) NLPC Non-Link Printable Character(s) ) for those loans that fall outside of the credit union's automated guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. . "LSI's Internet lending support will enable us to provide fast, professional service to our members 24 hours a day, seven days a week," said Robert Niehaus, senior vice president of CINCO Family Financial Center Credit Union. "Merging LSI's technology with the systems we already have in place further enhances our ability to meet and exceed our members' expectations." "Lending Solutions helps credit unions like CINCO by expanding their ability to serve members through the Internet," said David Brooke, executive vice president of Lending Solutions. "LSI's online loan application, coupled with our 24/7 underwriting support, ensures efficient service to CINCO's members." About CINCO Family Financial Center Credit Union Locally owned and operated since 1936, Cincinnati-based CINCO Family Financial Center Credit Union is a not-for-profit Not-for-profit An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses. financial institution serving southwestern Ohio. CINCO is organized by the residents and employees of Hamilton, Butler and Clermont counties, with eight branch locations operating in the area. For further information on CINCO Family Financial Center Community Credit Union, please visit the company's Web site at www.cinco.org. About Lending Solutions Inc. Lending Solutions Inc. has been a provider of lending center services and consulting programs for financial institutions across North America since 1994. The company's highly trained, professional staff provides 24-hour lending services to approximately 300 of North America's premiere credit unions, banks, and mortgage companies. For further information on Lending Solutions, please visit the company's Web site at www.lendingsolutions.com. |
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