Integrated Offering Automates All Aspects of Consumer Lending, Commercial Lending and Account Opening for Banks and Credit Unions
Atlanta (March 25, 2011)
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CRIF Lending Solutions today announced the launch of CRIF ACTion, a new loan and account origination platform that combines the best features of the APPRO and TERES lending systems together in a single solution. The new platform gives banks and credit unions a comprehensive way to manage and automate their consumer, business and account opening processes. This includes support for home equity and indirect auto loans, merchant lending, credit cards and account opening for deposit accounts.

"In today's rapidly changing lending environment, our clients demand best-of-breed technology solutions that are intuitive and can scale to meet their organizational needs as they grow," said Larry Howell, CRIF Lending Solutions Division Chairman. "With our new CRIF ACTion system, they will have access to the most comprehensive and advanced loan origination solution on the market, which will assist them in growing their business and helping to ensure compliance.".

The new CRIF ACTion platform was built by combining 30 years of experience and technology expertise in the loan origination technology space and ongoing feedback from hundreds of clients. The new platform includes the following key features:

 

  • Intuitive User Interface – provides credit unions and banks with a newly designed user interface that is as simple to use as a typical consumer web application.
  • Indirect, Direct, and Business Lending Automation – provides users automated decisioning and workflow for direct lending, indirect lending, business lending, and account opening – from application to funding. This includes the ability capture loan requests via the Web with a configurable, user-friendly web application.
  • Retail & Merchant Lending – gives banks and credit unions an easy way to automate lending for merchants at the point-of-sale. Merchants are able to submit customer loan applications for goods and services online and receive responses with closing documents in seconds.
  • Account Opening – automates the on-boarding process for consumers to open deposit accounts, including checking and savings accounts via the web, branch and call center.
  • Smart Cross Sell Engine – provides financial institutions with a robust configurable decision engine that can automatically cross sell additional products based on credit bureau and application data. Smart cross sell will help financial institutions maximize every client interaction.
  • Built in compliance - eases the regulatory burden at every point in the application process from data capture to identity verification to documents and reporting, allowing your team to focus on profitable customers.

About CRIF Lending Solutions
CRIF Lending Solutions, comprising Aimbridge, APPRO, FLS, Magnum and TERES, supports over 500 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 $100 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.

Press inquiries:
770-541-4567
info@criflending.com