CARMEL, Ind.–Allied Solutions is reporting that it and its partner, FINOFR, have launched a new integration called Vehicle Protection Reset, which 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,” Allied Solutions said.
According to the companies, the solution addresses the challenges financial institutions are facing capturing protection product sales from consumers who did not purchase during loan origination.
‘Combined Powers’
“Through their combined powers, FINOFR and Allied Solutions identify loans lacking protection products and automate personalized offers to consumers,” Allied Solutions stated. “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 CEO and Co-Founder Keith Kelly said in a statement the 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.”
Elevating the Experience
Added James Imes, chief client lending consultant with 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. We’re thrilled to combine forces with FINOFR to bring a highly relevant and impactful solution to our valued clients.”
The companies said the solution will allow credit unions to increase efficiencies for their loan staff, drive non-interest income, and expand their product offering.
Allied Solutions said it will host a webinar, “Preparing for a Falling Rate Environment,” on June 13th that will further explore how this new
For info: www.alliedsolutions.net
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