CRIF Select Increases National Reach of Full-Service Outsourced Indirect Auto Lending Solutions

Louisiana Credit Unions and Dealers Now Have Option for Easy Entry into Indirect Lending

ENGLEWOOD, Colo.--(BUSINESS WIRE)--CRIF Select’s integrated technology-based tools, which make loan approvals faster, more accurate and virtually paperless, are now available in Louisiana. With this expansion, CRIF Select, part of CRIF Lending Solutions, now serves 18 markets with a comprehensive suite of indirect and direct lending solutions. The company plans to expand into more markets later this year.

Thanks to CRIF Select’s most recent expansion, Louisiana credit unions and auto dealers now have access to fully outsourced indirect auto lending products, including:

• Underwriting Criteria Technology – Whether a credit union needs a full service auto loan processing program or a stand-alone technology, CRIF Select provides credit unions with turnkey technology to automate loan underwriting criteria and rate sheets. This includes the ability to adjust underwriting guidelines and offer new programs to respond to unique market demands.
• Dealer Management and Representation – Ensures that partnerships with auto dealers and other loan channel partners are properly grown, managed and maintained.
• After Hours Underwriting – Ensures that loan applications and credit checks can be processed automatically after hours, providing credit unions an opportunity to book loans around the clock.
• Leasing Support – Allows credit unions and CUSOs to offer and support a leasing option. Through LeaseTrack, CRIF Select’s proprietary lease management tool, automated decisions can be made on lease applications submitted through the CRIF Select network of dealer partners.
• Online Auto Shopping – WhereMembersBuy.com, CRIF Select’s online auto shopping service, allows credit unions to engage with their members online to capture more member loans.
• Merchant Lending – A point of sale lending program allowing local merchants the ability to generate, submit and close loans on site. This product can also be a great lead generator solution for small business lending.

CRIF Select is dedicated to connecting credit unions, CUSOs, credit union leagues and credit union members to local market auto dealerships with state of the art technology, call center support and loan processing services.

About CRIF Lending Solutions

CRIF Lending Solutions, comprising Aimbridge, APPRO, Cypress, FLS, Magnum and TERES, supports 650 of the most successful large and small U.S. banks, credit unions, credit card processing and financial institutions. Our complete suite of solutions increases productivity and profitability and are core system and data provider independent. These comprehensive offerings include loan origination systems for consumer, business, and point of sale lending as well as business process outsourcing for indirect lending, data aggregation, analytics and account opening. With over $137 million dollars in equity, CRIF Lending Solutions is part of CRIF, a global company specializing in the development and management of decision support systems worldwide.

CRIF Select is a trademark of CRIF Corporation. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies.