ONTARIO, Calif. – CU Direct has announced a new partnership with MBL (Member Business Lending), a provider of commercial and small business lending origination and servicing for credit unions.
According to CU Direct, the new collaborative agreement leverages the strengths of each company’s expertise to help credit unions expand market share and efficiencies of commercial and small business lending.
“The partnership exemplifies the cooperative model of credit unions,” CU Direct said. “The collaboration between the organizations affords an ideal opportunity to develop next-generation lending solutions that help credit unions gain a competitive marketplace advantage, drive more loans through the business lending channel, and better serve their small business members.”
‘Ability to Provide All Types of MBLs’
Added MBL President/CEO Gordon Dames, “This collaboration will afford credit unions of all sizes the ability to provide their members access to all types of business loans. And once businesses are in the door, that opens a wide variety of opportunities to increase member services.”
“We’re excited about the new partnership between our two companies, and what it brings to our credit union partners,” said CU Direct’s COO, Bob Child. “The collaboration with MBL provides unparalleled opportunities for the innovation of lending technology that helps credit unions gain a leadership position in the small business and commercial loan marketplace.”