Category

Partnerships

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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Finding Value in Strategic Partnerships

By | Partnerships

Build versus buy versus partner. That’s a decision frequently arising in business. Many start, with a “build or buy” mentality, missing out on the intrinsic value of partnerships. Partnerships come with many advantages, including lower capital outlay, leveraging your partner’s expertise, increasing your marketing potential with joint sales, and lowering overall risk deploying the solution. Many credit unions are taking a partnership approach for technology solutions. Fintech is a big…

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