Teledata Communications, Inc., (TCI) a leading provider of automated loan origination and workflow automation software for lending institutions, has announced an alliance agreement with Lending Solutions, Inc. (LSI), an Elgin, IL-based lending center which provides credit unions with 24/7 underwriting expertise. As part of the alliance, LSI will underwrite loans in conjunction with TCI’s DecisionLender software, a web-based loan origination and automated processing solution for credit unions, banks, finance companies and other lenders.
The combination of the services provided by TCI and LSI will deliver an enhanced loan origination and workflow product for credit unions involved in indirect, particularly for loan applications that are not automatically decisioned. As a result, credit unions will enhance member services and thus grow their indirect lending portfolios.
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