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Credit Unions

Aug 10
Love1

Allegro™ Conductor – A Powerful Partnership with LSI

By Credit Unions, Indirect Lending, Lending Suite Features, Loan Origination Software, Partnerships
In the summer of 2001, the predecessor to Allegro™, DILLS™ Version I, was released to its first few credit union users. That first version was pretty simple. It was designed for managing indirect lending only, was not integrated with any other system and offered no auto-approval of applications. Today, the Allegro™ Lending Suite is a complete loan origination system with modules for indirect, direct and lifestyle lending. Allegro™ also includes…
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Sep 09
Love13
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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Apr 26
Love6
Loan Origination Software

Infographic: Converting Indirect Members

By Credit Unions, Indirect Lending, Loan Origination Software, LOS System Software
"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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Mar 06
Love2
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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Oct 02
Love2

9 Characteristics of Car Dealers Your Credit Union Should Deal With

By Credit Unions, LOS System Software
Ensure the Dealers in Your Indirect Program Make the Grade Not all indirect lending programs are built the same. When credit unions can keep constant watch over how various dealers they’re working with are performing, your institution can better mitigate risk. You are in control. “As indirect buyers we all form opinions, for good or bad, about each dealership from whom we buy,” Roger Seegmiller, COO for Allegro Lending Suite,…
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