PRESS RELEASE Published: Oct 21, 2019 8:22 a.m. ET SALT LAKE CITY, Oct. 21, 2019 /PRNewswire/ -- Today Integrated Lending Technologies, LLC ("ILT"), a leading provider of lending technology, announced that it had completed the conversion of all users of its legacy DILLS™ and PILS® systems to the new Allegro™ Lending Suite. Introduced to the market in 2002, DILLS™ became one of the most popular indirect lending solutions for credit…
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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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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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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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Be Your Members’ Hero, A NACUSO Free Live Webinar In Case You Missed It Download slides or watch video below. Topics Covered On This Webcast: With regulators cutting into credit unions’ ability to serve members and generate income, you need an efficient and sound way to make more loans that generate more revenue. How Leaders CU successfully: Fulfills its mission to serve as a champion for ALL its members and…
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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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"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. It's not easy to convert indirect members, but it…
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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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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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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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