Press
TCI and Sharetec partner to provide CU’s loan origination solutions
INDIANAPOLIS, IN (November 14, 2013) — Sharetec System, one of the fastest growing core systems offering a true return on your investment, partners with Teledata Communications, Inc. (TCI), the leader in affordable, semi-customizable, cloud based indirect lending software for small and mid-size lenders.
TCI provides a web based loan origination solution, DecisionLender, that’s used by over 350 lenders to automate the underwriting process to finance a variety of goods and services for consumers needing financing at the point of purchase.
“The primary function of DecisionLender is to accelerate the lending process, reduce the credit union’s overhead and assist with compliancy. Our e-process eliminates paper thus reducing the potential for errors. A key component of this process is to interface with our customers’ servicing platform. By interfacing with Sharetec, we are simplifying our credit unions operations, thus helping them support their members and dealer partners,” said TCI Vice President, Barry Kirby.
“In today’s competitive lending environment it is critical that credit union’s do all they can to capture every possible loan from qualified members and to do it as efficient as possible. Our partnership with TCI is a great example of how our customers can accomplish both. TCI puts our credit unions inside the dealer and allows them to compete for the loan, as well as simplifying the process of the loan with the tight integration between our two systems,” comments Keane Kulak, Regional Director for Bradford-Scott Data Corporation, an owner/distributor of the Sharetec System.
About TCI, Inc.
TCI has been developing credit accessing solutions for over 25 years to banks and finance companies across the United States. They provide affordable loan origination solutions that give direct, indirect, internet and retail lenders the edge they need to be first.
About Sharetec System
Sharetec, a provider of both in-house and service bureau core solutions, has nearly 300 core credit unions and has grown 67% since the year 2000.