Metavante (NYSE:MV) today announced that Canadian financial services company Mackenzie Financial Corporation has installed the company's Web-based financing solution for its network of independent financial advisors.
Mackenzie has deployed Metavante's CreditWorx lending automation system which is being used by independent financial advisors to originate investment and registered loans through its subsidiary, MRS Trust Company. CreditWorx automates MRS Trust's financing decisions, facilitates instant responses and contributes to improving the customer experience. "More Canadians today are seeking financial advice from independent professionals to ensure they have access to investing and lending products that best suit their needs," said Allan Warren, President and CEO of MRS Trust. "MRS Trust aspires to be the banking partner of choice to those advisors, and Metavante is the perfect fit—Metavante has both knowledge of the financial advisor market and a unique solution tailored specifically for this industry that meets our needs."
CreditWorx is a state-of-the-art Web-based loan origination and decision engine solution that supports the independent financial advisor channel. Advisors can benefit from loan application processing, automated and manual decision-making, and documentation preparation at the point-of-sale.
"We welcome Mackenzie and its affiliates to our current list of financial institution partners in North America," said Rick Arends, executive vice president of Metavante Lending Solutions. "Our CreditWorx platform delivers increased efficiencies to financial advisors who rely on point-of-sale lending to process investment loans."