ATLANTA–CRIF Select, a division of CRIF Lending Solutions and a provider of indirect lending solutions, has announced expanded partnership agreements with five credit unions in New Mexico. Kirtland Federal Credit Union, Sandia Laboratory Federal Credit Union, State Employees Credit Union, U.S. Eagle Federal Credit Union and Zia Credit Union will partner with Select for the Select Complete full-service indirect lending solution, the company said.
Select Complete is a fully loaded offering that provides a turnkey indirect lending solution to guide lenders from start to finish, according to CRIF Select. “
It is a perfect solution for any institution that wants to keep personnel costs at a minimum or to reel in the profits of an indirect leading program without the responsibility of having to operate any of it,” CRIF Select said. “This outsourced solution provides full dealer management, underwriting, processing and funding, technology, and reporting and consulting services.
"Partnering with these five prominent credit unions is a tremendous opportunity to showcase the benefits of an outsourced indirect lending solution like Select Complete," said Jeremy Engbrecht, President of CRIF Select. “These lenders are already operating in a very competitive market, but we are confident these partnerships will open doors to them for further growth opportunities and increased efficiency.”
Separately, Space Coast Credit Union in Melbourne, Fla., has partnered with CRIF Lending Solutions to utilize the ACTion consumer loan origination system for a more robust decision engine that will lead to increased automation.
“The ACTion platform was the perfect fit for our plans for growth and heightened capability,” said Alan Lewis, SVP, Information Technology at SCCU.