ISLANDIA, N.Y., Dec. 18, 2015 /PRNewswire/ -- Teledata Communications Inc. (TCI) (www.tcicredit.com), a provider of cloud-based loan origination solutions for credit unions, banks and finance companies, announced it has reached an agreement with Allied Solutions, a leading provider of insurance, lending, and marketing products to financial institutions across the United States. Through this arrangement, Allied Solutions' clients will be able to leverage TCI's industry-leading DecisionLender 4.0 loan origination platform to automatically decision and process their indirect consumer loans in a variety of markets.
"Allied Solutions is one of the most recognized providers in the financial sector, and has an outstanding reputation for the superior insurance, technology and marketing products it offers to its clients," said Barry Kirby, vice president of sales for TCI. "We are delighted that Allied has elected to offer DecisionLender 4.0 as one of its loan origination platform solutions and we're confident that the system's unparalleled reliability, security and ease-of-use will be well received by Allied's client base."
TCI's DecisionLender 4.0 is the latest version of the company's flagship loan origination solution. It is used by some 500 financial institutions across the United States, enabling lenders to process loan applications more efficiently for direct and indirect lending, while adhering to strict security and compliance mandates. Through DecisionLender, lenders can customize decisioning rules and adapt workflows and processes to meet specific business requirements, without having to rely on outside development teams or expensive consultants. DecisionLender automatically resizes screens to accommodate tablet- and mobile phone originated loan applications, and can be branded by the lender to actively promote their institutions and pursue new opportunities in the consumer lending and other markets.
"We're very happy to distribute TCI's loan origination platform," said Pete Hilger, President of Allied Solutions. "Reducing cost and complexity is vital for lenders and DecisionLender will give our clients the tools they need to become more efficient and responsive," said Hilger.
For more information on TCI and the DecisionLender platform, visit www.tcicredit.com.
About Teledata Communications, Inc.
Founded in 1982, Teledata Communications, Inc. (TCI) is a leading provider of software-as-a-service (SaaS) loan origination solutions for credit unions, banks, and finance companies. TCI's automated solutions enable lenders to process a greater amount of loans, improve workflows, and adhere to security and compliance mandates more completely. TCI's latest solution, DecisionLender 4.0, features a flexible, modular architecture which online and traditional lenders can configure to address their specific lending criteria and workflows. As authorities in the lending marketplace, TCI's solutions have been adopted by nearly five hundred lenders across a number of sectors, including automobile finance, power sports, lifestyle, appliances, and other consumer-facing industries. www.tcicredit.com.
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About Allied Solutions
Allied Solutions, LLC is one of the largest providers of insurance, lending, and marketing products to financial institutions in the US. Allied Solutions uses technology based products and services customized to meet the needs of 4,000 clients along with a portfolio of innovative products and services from a wide variety of providers. Allied Solutions maintains 15 regional offices and service centers around the country and is a subsidiary of Securian Financial Group, Inc.
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SOURCE Teledata Communications, Inc.