Allied Solutions and FINOFR introduce Vehicle Protection Reset integration for enhanced post-close strategy
CARMEL, IN (April 23, 2024) — Allied Solutions and partner FINOFR have taken another leap in expanding the digital footprint for financial institutions with a new integration called Vehicle Protection Reset. This integration merges FINOFR’s platform with Allied’s iQQ and Direct Impact Marketing solutions. By combining these forces, financial institutions can recapture post-close product opportunities and enable consumers to add valuable protection products to a loan modification in a self-serve environment.
This solution addresses the challenges financial institutions are facing capturing protection product sales from consumers who did not purchase during loan origination. Through their combined powers, FINOFR and Allied Solutions identify loans lacking protection products and automate personalized offers to consumers. This program culminates in a convenient, self-service experience for the consumer and offers an opportunity to obtain valuable coverage, while sometimes even lowering monthly auto loan payments – all without loan officer interaction.
FINOFR Chief Executive Officer and Co-Founder, Keith Kelly, notes that this integration will enhance one of the platform’s most desirable features and gives financial institutions the ability to address business challenges more effectively.
“One of FINOFR’s most successful platform features is our Reset Suite, which includes automated loan modification capabilities. Vehicle Protection Reset is one of the most exciting enhancements we’ve added to this suite.” Kelly said. “We’re thrilled to be addressing real pain points for Financial Institutions and to be taking Vehicle Protection Reset to market alongside Allied Solutions.”
“Allied is committed to continuing to provide the industry with solutions that elevate the consumer experience and drive revenue and efficiencies for our clients.” said Jack Imes, Chief Client Lending Consultant of Allied Solutions. “We’re thrilled to combine forces with FINOFR to bring a highly relevant and impactful solution to our valued clients.”
With this solution, financial institutions will increase efficiencies for their loan staff, drive non-interest income, and expand their product offering. Allied Solutions is hosting a webinar, “Preparing for a Falling Rate Environment,” on June 13th, 2024, that will further explore how this new, innovative solution will set financial institutions up for success.
Watch this video on how the Vehicle Protection Reset solution works:
https://myvideo.sundaysky.com/?programId=f4b806ed-366c-46a4-951d-e3dcfe93d0a4
About Allied Solutions
Allied Solutions is one of the largest providers of insurance, lending, risk management, and data driven solutions to financial institutions. Allied Solutions uses technology-based solutions customized to meet the needs of 6,000 clients along with a portfolio of innovative products and services from a wide variety of providers. Allied Solutions is headquartered in Carmel, Indiana, with regional offices in Florida, Minnesota, South Dakota, and Texas. Allied Solutions is a wholly owned and independently operated subsidiary of Securian Financial Group. Visit alliedsolutions.net to learn more.
