A VITAL COMPONENT OF A STRONG LOAN ORIGINATION SYSTEM IS IT’S INDIRECT LENDING COMPONENT.
Indirect Lending is based on the recognition of three facts:
1. Large national lenders, including manufacturers’ captive finance companies, are strong and effective competitors for the credit union member’s auto loan.
2. Most car loan decisions are made while credit union members are at the dealership, and most dealers are experts at influencing this decision.
3. The most effective way for a credit union to have a positive influence on a member’s decision while he/she is at the dealership is to become part of the indirect lending process. It’s also a very effective way to attract new members!
To learn more download our white paper “The Seven Tools for Successful Indirect Lending”:
The Allegro Lending Suite™ is the very best indirect lending technology available to credit unions today, and we are committed to seeing that it remains the best. However, technology alone will not ensure your success with indirect lending. Integrated Lending Technologies, LLC is also committed to retaining a staff of highly qualified people who have the experience and skills necessary to put you on the road to successful indirect lending and help you stay there.
