Category

Indirect Lending

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

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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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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