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On May 1st, 2005, CU Direct Connect announced the launch of several new products and services designed to meet a CUSO or credit union's indirect lending needs. CU Direct Connect has been providing indirect lending to Colorado credit unions and is now expanding outside of Colorado. This comprehensive and flexible set of indirect lending offerings include: CU Direct Connect's Business Model with Consulting Services, a Loan Processing Service and Auxiliary Software products. These new products will be attractive to credit unions and CUSOs of any size, since they can be customized to meet specific market needs and adaptable to any core lending system.
CU Direct Connect's Business Model is vastly different than the others as it provides the CUSO or independent credit union the autonomy to own and manage the strategic and day-to-day elements of their indirect lending program. This includes managing dealer and credit union relations and managing their own underwriting criteria. This proven Business Model can be used in conjunction with any indirect lending core loan system, including CU Direct Connect's Loan Processing Service.
By providing our technology expertise and 12+ years experience in the indirect lending business, CU Direct Connect offers a unique opportunity for CUSOs/credit unions to manage their own indirect lending program. CU Direct Connect provides a complete indirect lending solution through a comprehensive, flexible set of offerings designed to meet your CUSO or credit union's indirect lending needs.
CU Direct Connect provides access to a proven set of indirect lending software, tools and processes to make your indirect lending program successful. By providing our technology expertise and 12+ years experience in the indirect lending business, CU Direct Connect's Loan Processing Service can enable the credit union or CUSO a proven method for providing a full service competitive indirect lending solution.
CU Direct Connect Auxiliary Software Offering provides CUSO's and credit unions with open-architect tools which are necessary to maintain competitiveness, maximum efficiency and ensure appropriate loan volume levels with their indirect lending program. These modular tools are meant to enhance your indirect lending program to be more efficient and competitive.
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