Press
CRIF Lending Solutions Signs New Clients to its CRIF ACTion Loan and Account Origination System
Connectivity and Convenience Drive Customer Selection of the System
ATLANTA (June 27, 2012) – Helping customers streamline and grow their lending and account opening processes was a driving force behind the creation of CRIF ACTion – the origination system for consumer lending, business lending, merchant lending and account opening – and it now continues to be one of the driving forces behind customer selection of the system. CRIF Lending Solutions announced today that Bellwether Community Credit Union, Langley Federal Credit Union, LGE Community Credit Union, Motorola Employees Credit Union and New Century Bank are among the latest financial institutions to select CRIF ACTion, with the system’s connectivity to a wide array of key technologies being a deciding factor for many.
By offering users end-to-end, automated processing of loans and accounts, while also connecting with a wide variety of core, document, appraisal, electronic signature and other essential lending systems, CRIF ACTion streamlines the lending process and serves as a financial institution’s hub for decisioning.
“We selected ACTion largely based on its flexibility and powerful rules,” said Jean Theis, VP of Operations at Motorola Employees Credit Union. “The system will be key in helping us streamline our lending process for faster turn times in delivering an outstanding member experience.”
The CRIF ACTion platform – a powerful combination of the best of the APPRO and Teres solutions – was built by combining 30 years of experience and technology expertise in loan origination technology with ongoing feedback from hundreds of clients in order to build a system that truly suits lenders’ needs.
“CRIF Lending Solutions’ systems have a well-deserved reputation for making lenders’ jobs easier,” said Larry Howell, Chairman of CRIF Lending Solutions. “With ACTion, we are well on our way to creating the most integrated LOS on the market, and financial institutions will enjoy the difference those integrations make when it comes to the efficiency and accuracy of their lending process.”
About CRIF Lending Solutions
By bringing together the automated lending technology and services of Aimbridge, APPRO, Cypress, FLS, Magnum and Teres, CRIF Lending Solutions provides loan and account origination, business process outsourcing, credit decisioning, data access and analyticssolutions to over 650 of the U.S.’s most successful financial institutions including banks, credit unions, finance companies, retailers and credit card processors. CRIF Lending Solutions is organized into four dedicated divisions: CRIF ACTion includes APPRO, Cypress and Teres products; CRIF Select includes Aimbridge and FLS services; CRIF Synergy features Magnum products; and CRIF Achieve offers cost-effective, analytic decision management solutions. With over $106 million dollars in equity, CRIF Lending Solutions is a part of CRIF, a global company specializing in the development and management of decision support systems worldwide. For more information, visit www.criflendingsolutions.com.