Aimbridge® Product Line from CRIF Lending Solutions Delivers New Customizable Loan Origination Platform

ENGLEWOOD, Colo., Sept. 9 /PRNewswire/ -- Aimbridge®, part of CRIF Lending Solutions and provider of integrated multi-channel, multi-lender auto buying and outsourced lending services, today announced the availability of AimbridgeSelect™, a new fully-customizable version of its hosted lending automation platform. The solution is specifically designed to give credit unions and CUSOs complete control over lending criteria and underwriting guidelines for their indirect and direct loan origination programs, so they can more quickly offer new products and services.

"For more than a decade, Aimbridge has been our partner for outsourced processing and funding of indirect auto loans. First Community had our best auto lending year in our 75-year history in 2009, in spite of the economy. We could have never made those kinds of numbers without Aimbridge and our indirect program," said Glenn D. Barks, President/CEO First Community Credit Union.  

With the release of AimbridgeSelect, credit unions now have the ability to customize loan products, while accessing the same superior outsourced processing and funding efficiencies that Aimbridge delivers.

• Underwriting Criteria Customization – provides credit unions and CUSOs with full autonomy over their loan underwriting criteria and rate sheets. This includes the ability to adjust underwriting guidelines and offer new programs to respond to unique market and organizational demands.
• Dealer Management and Representation – ensures that relationships and partnerships with auto dealers and other loan channel partners are properly grown, managed and maintained. With over 1,500 auto dealers in its partner network, Aimbridge clients have immediate access to a wide pool of loan applications that meet their specific needs and criteria.
• After Hours Underwriting – ensures that loan applications and credit checks can be processed automatically after hours. This provides greater opportunity for lenders to book loans 24 hours a day, seven days a week.
• Leasing Support – allows credit unions and CUSOs to offer and support a wide array of leasing options. Through LeaseTrack, Aimbridge's proprietary lease management tool, automated decisions can be made on lease applications submitted through the Aimbridge network of dealer partners.

"As more consumers and businesses turn to credit unions and CUSOs for loans, it's essential that lenders have the ability to quickly adjust and customize loan offerings as required to meet the demand," said David Lindsey, COO of Aimbridge. "Our new AimbridgeSelect offering allows them to do just that, while automating the delivery of new loan products."

The AimbridgeSelect platform is part of the CRIF Lending Solutions family of lending services and technology offerings from U.S.-based CRIF companies, including Aimbridge, Teres™, Magnum, FLS Services and APPRO. AimbridgeSelect is available immediately.

For more information on AimbridgeSelect, visit  www.aimbridge.com/services or www.criflendingsolutions.com.

About Aimbridge Indirect Lending, LLC

Now a CRIF company, founded in 1984, Aimbridge Indirect Lending, LLC is a provider of integrated multi-channel, multi-lender auto buying and lending services, which markets auto loans and insurance products through partnerships with financial institutions and auto dealerships. Aimbridge's turn-key solutions include indirect auto loan origination processing, funding, and loan closing, direct lending systems, after hours underwriting support services, imaging and document management technologies, and aggregated online inventory shopping and lending websites.

About CRIF Lending Solutions

CRIF Lending Solutions, comprising Aimbridge, APPRO, FLS, Magnum and Teres, supports over 500 of the most successful large and small U.S. banks, credit unions and financial institutions. Our complete suite of solutions increases productivity and profitability and are core system and data provider independent. These comprehensive offerings include loan origination systems for consumer, business, and point of sale lending as well as business process outsourcing for indirect lending, data aggregation, analytics and account opening. With over $100 million dollars in equity, CRIF Lending Solutions is a division of CRIF Corporation, a global company specializing in the development and management of decision support systems worldwide.

Aimbridge is a registered trademark and AimbridgeSelect is a trademark of CRIF Corporation. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies.

SOURCE Aimbridge Indirect Lending, LLC