ISLANDIA, N.Y.– Teledata Communications Inc. (TCI), a provider of cloud-based loan origination solutions for credit unions, banks and finance companies, said it has released its DecisionLender 4 Direct Lending Module, which allows lenders to expedite and simplify loan origination processing for direct lending programs. The module is designed for banks and credit unions.
According to the company, DecisionLender 4 gives lenders the ability to customize and streamline direct, indirect or on-line loan origination processes on a single platform. Through this platform, lenders can configure lending rules and workflows without developer resources, thus expediting loan decisioning and workflows. As a result, lenders can take immediate advantage of market opportunities by sector, region, merchant, or any other parameter.
“Lenders understand that they need fast, reliable and flexible loan origination technology to succeed in today’s highly competitive environment,” said Barry Kirby II, vice president of sales for TCI. “Its unique capabilities make the DecisionLender 4 Direct Lending Module a key strategic asset that will help lenders expand their customer base, enter new markets, reduce costs, and succeed in a dynamic marketplace.”
* Enables lenders to manage direct and indirect loan origination workflows from a single platform
* Accelerates loan processing
* Access reports and analytics in real-time
* Requires no IT resources