Lendsys Software for Credit Unions
People turn to credit unions for fast, personalized and secure service in all aspects of banking, especially lending. In this respect, Lendsys software is an ideal tool for credit unions. Our web-based software is available to make fast, personalized loan decisions 24/7/365 for the maximum convenience of you and your members. Built by lenders from the ground up, and operated daily with ongoing contact with all of our lenders, operating in multiple markets allows us to assess and react to market and regulatory issues immediately, assuring you the utmost compliance and protection from regulatory reviews. Our lenders have had over 50 exams and reviews over the past few years, with no significant findings.
Leveling the Lending Playing Field
One-on-one service is one of the big advantages of smaller institutions. With Lendsys, credit unions of any size or field of membership can operate an automated system LOS platform safely and economically. Whether operating at point-of-sale or internally for direct loans (or both) you will be generating customized automated and manual lending decisions that consistently adhere to your underwriting standards and exact Risk-pricing.
Lendsys minimizes the risk of losing a good loan – or approving one you don’t really want. With automated Member Capture, you’ll never lose an existing member loan you want, from point-of-sale. The system allows credit unions to immediately improve overall efficiency in loan decisioning and capture while providing the personalized level of service their members expect and deserve.
Point of Sale & Integrations
Lendsys can be used as a complete point of sale platform for indirect loans as well as internally for direct loan decisions. For immediate entry into the point-of-sale (indirect world) our software is already fully integrated with popular loan application acquisition services, like DealerTrack and RouteOne, and we have negotiated significant discounts to lenders for these services.
Individual & Aggregated Lender platforms
Lendsys is also an ideal platform for aggregating lenders, allowing lenders to collaborate and use the power of aggregation to build scale locally, regionally or to build programs at a national level. The CU Lending Edge (CULendingEdge.com) program is a great example of Credit Unions utilizing the Lendsys platform to aggregate for scale and market dominance.
Aggregate Users & Call Centers
Lendsys can also be used by call centers and centralized loan operations to serve individual or multiple credit unions and their members. The platform is infinitely scalable, easily utilized by an individual Credit Union, or service providers that serve multiple financial institutions (I.e. A CUSO). Aggregators can easily and cost-effectively integrate Lendsys software into a call center model or core system to instantly increase loan and other cross-sell productivity.
Adaptable to Your Needs
Lendsys prides itself on being flexible, scalable and most importantly, reasonable. Remember, we’ve been where you are now, so we work with our clients to offer a model that is flexible and collaborative. From listening to our current users and being open to enhancements at a system level, to private and white labeling, building API’s with core systems, to actually selling the code for individual use, together, we can create a software solution to suit the exact needs of your credit union allowing you to serve your members, your way.
COLLABORATIVE & FLEXIBLE
Go well beyond any core processor, or ancillary software providers. Through our open API processes, a lender, a group of lenders, and even service providers can develop anything from aggregated service centers to totally customized and integrated and automated systems that meet your exact needs. Get creative – you are not limited in any way!
Lendsys provides a flexible pricing plan, too. Pricing includes a small one-time fee (NO annual renewal fees), a modest monthly fee and a scalable per-use fee. We house and maintain the platform and all data, so you have no IT costs or use of resources, and we work with our clients individually to ensure that the package and pricing structure they choose provides the services they need at a price they can afford.
Customized Lending Decisions
Lendsys levels the playing field for all Credit Unions, allowing lenders of all sizes to consistently underwrite and process loan applications efficiently and effectively, 24/7.
Customizing and maintaining the software for use as a complete point-of-sale platform and for direct lending credit-granting decisions is easy and cost-effective.
The Lendsys design allows lenders to automate 80 to 90 percent of the manual lending decision process at the same granular level as a human loan officer. Each client uses their own criteria to adhere to their own lending protocols – minimizing the risk of losing a loan they want – or approving a loan they don’t want.