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lending suite software

It’s A Good Time For Better Yield

By Credit Unions, Indirect Lending

During my second or third year in college I took a class in Chinese Politics. The professor was a fascinating guy who quoted what he said was an ancient Chinese curse, “May you live in interesting times”. It’s one of the few things I remember from that class. Regardless of its source, I supposed that most credit union and community bank executives are certain the curse has befallen them. Investors…

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auto leasing software

Ride the Auto Leasing Wave with Allegro Lending Suite™

By Indirect Lending, LOS System Software

The average transaction cost of an automobile is rising every year, so consumers are trying to ease that financial outlay and turning towards leasing. In fact, 34% of all retail auto sales in 2018 were leases. Millennials in particular prefer leases. Nearly one third of millennials chose leasing over buying in 2016, making up 12% of all leases in the U.S. No longer is leasing only for luxury brands. Full-size…

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Loan Origination Software

Four Must-Haves In Loan Origination Software Infographic

By Lending Suite Features, Loan Origination Software
Download The Maestro Infographic Here All Maestro Features Below Are Included With The Allegro™ Lending Suite Loan Origination Software Dedicated notes that work through Allegro™, Dealertrack, RouteOne and App One. Lender notes captured by all users creating an audit trail that the application source never sees. Our DigiDocs™ system option can turn Allegro™ into a forms powerhouse by allowing lenders to share document folders through DocuSign.  All the forms are...
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Say ‘Yes’ to More Credit-Challenged Members!

By Loan Origination Software
Be Your Members’ Hero, A NACUSO Free Live Webinar In Case You Missed It Download slides or watch video below. Download Webinar Slides Here Download Webinar Slides Here Download Webinar Slides Here For A Live Demo Register Here For A Live Demo Register Here For A Live Demo Register Here Topics Covered On This Webcast: With regulators cutting into credit unions’ ability to serve members and generate income, you need...
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Loan Management Software

Converting Indirect Loan Leads Into Bank Customers

By Indirect Lending, Loan Origination Software
Here at ILT we buy into the notion that customer support is the best way to market our company. Our current clients are partners, so why not solidify that relationship on an ongoing basis? It turns out that this line of thinking is consistent with the idea that it costs 5 times more to recruit a new customer than it does to retain one (Forbes: article). Banks are in the...
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Loan Origination Software

Infographic: Converting Indirect Members

By Credit Unions, Indirect Lending, Loan Origination Software, LOS System Software
Schedule A Demo Schedule A Demo Schedule A Demo "Increasing customer retention rates by 5% increases profits by 25% to 95%," according to research done by Frederick Reichheld of Bain & Company.  Sure this statistic is normally used for the retail market, but it does apply to indirect CU members. If we are willing to perceive indirect CU members as existing customers rather than new leads then this statistic applies....
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Loan Origination Software

Best Practices for Converting Indirect Members

By Indirect Lending, Partnerships

Converting members who come in through partnerships with dealerships or other service providers has been the bane of credit unions’ existence. Indirect can provide tremendous growth, but if they’re not using more products they won’t be a profitable member to the credit union. Why do credit unions have such difficulty converting them? Think about the consumer’s journey. They want a car. They go to the dealership for a car. They…

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Loan Origination Software

CUNA Governmental Affairs Conference

By Credit Unions, Loan Origination Software

March 10-14, 2019, Washington, D.C. Looking forward to seeing everyone at the CUNA GAC next week in Washington DC. Come by our booth (270), sign up for a Demo and get a gift card… You’ll also be eligible for an Amazon gift card by signing up here: allegroloan.com/gift A cloud-based loan origination platform, Allegro™ represents the next generation of powerful lending software, enabling lenders the flexibility to manage input, process…

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Conductor Simplifies Managing Multiple Indirect Programs

By Indirect Lending, Lending Suite Features, Loan Origination Software, Partnerships

LSI found a way to manage multiple client credit unions’ underwriting needs through Allegro Lending Suite’s Conductor platform. LSI provides various loan-related services, including afterhours underwriting, solutions for indirect lending and more for hundreds of credit unions. When an Allegro client seeks afterhours support, they can get that assistance through LSI, and LSI can then see all the joint clients’ indirect loan applications in queue through the Conductor platform. Conductor…

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Paperless Indirect Lending Has Never Been So Simple

By Lending Suite Features, Loan Origination Software, LOS System Software

If you have an indirect lending program chances are you’re wasting a lot of time and money shuffling papers. Your dealers are probably sending you funding packets by some sort of courier service. This costs a lot of money, and it drags out the time until they get paid. When the packets arrive at your office for funding, more time is wasted shuffling through and sorting the documents, then scanning…

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