The Credit Union Loan Source selects i-flex lending system
18 December 2007 | 1731 views | 0
Source: i-flex solutions
i-flex solutions (Reuters: IFLX.BO & IFLX.NS), a leading provider of technology solutions to the global financial services industry, announced today that The Credit Union Loan Source, LLC has selected Daybreak Lending Suite ("Daybreak") as their loan servicing and collections platform.
Daybreak is an end-to-end lending solution that supports a broad range of institutions and varied sizes, including the Credit Union industry. The servicing and collection modules of Daybreak will be deployed in an ASP environment and The Credit Union Loan Source will access this system from a single production office.
The focus of The Credit Union Loan Source's search for a new lending platform was driven by its requirements to streamline and automate business processes, reduce redundancy and enhance customer service. In addition, easy access to, and retrieval of, information as well as improved reporting were decisive attributes in The Credit Union Loan Source's selection of a new servicing solution.
Commenting on the selection of Daybreak Lending Suite, Terry Meek, Sr. Vice President and COO said, "Our goal was to find an industry leading solution that met our requirements and enabled us to bring credit union service quality to the lending marketplace. The Daybreak Lending Suite will equip us to compete in a competitive marketplace while serving our customers at the world-class level they expect. In essence, the Daybreak will empower us to achieve our goals not only today, but well into the future."
George Thomas, CEO, SuperSolutions, an i-flex solutions company, said, "This is an important win for us. It reinforces our mission to enable the financial services industry to excel by leveraging information technology. Providing an end-to-end lending solution that improves efficiencies and allows organizations to be adept to ever changing market demands allows our customers to be very competitive and enables them to provide a high level of customer service. We welcome The Credit Union Loan Source to our growing family of honored clients. "