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The Akcelerant Framework designated as PARDA Federal Credit Union’s new loan origination system
The Akcelerant Framework’s cutting edge loan origination solution continues to expand its influence
MALVERN, PA (December 8, 2014) — Akcelerant, a provider of software and services to the financial industry, has brought on Michigan-based PARDA Federal Credit Union as a new customer of the Akcelerant Framework’s loan origination solution. PARDA, a Symitar user with $177 million in assets, serves over 17,000 members, needing a solution that could keep up with their online traffic and lending demands.
“What struck us most about Akcelerant was that, even before the demo, they took the time to really understand our business needs,” explained PARDA’s President and CEO Nancy Wasczenski. “Many of our membership interactions occur online, so the WebLoan feature was very important to us, as well as integrations to third-parties such as IMM’s Document Exchange which allows us to obtain remote signatures for our loan documents. Akcelerant was able to fulfill these requirements while still offering configurability within the system, which I anticipate being useful in the future as we grow and find that our needs continue to become more advanced.”
“No two financial institutions are the same, and Akcelerant has added configurability into its loan origination system to account for this. At the beginning of every new relationship, we spend significant time ensuring we understand the institution’s existing business processes and long-term origination goals.In the case of PARDA, the Framework was a great match due to its ability to easily support both their in-branch and significant online presence,” sharesAkcelerant’s SVP, Product Sales Support Larry Edgar-Smith. “We’re excited to welcome PARDA to the lending family and watch as they maximize their loan origination efforts and increase efficiencies using the Framework’s loan origination system.”
About Akcelerant Software LLC
Akcelerant, located in Malvern, Pennsylvania, provides financial institutions with innovative technology that improves relationships during every phase of an account’s life cycle including demand generation, origination, account servicing, risk management and analytics. Today, more than 500 financial institutions in North America are using Akcelerant technology. For more information, visit www.akcelerant.com.