LENDING INSIGHTS TEAMS WITH SOLUTIONS IN FINANCE, EXPANDS CONSULTING SERVICES TO CREDIT UNIONS
Ontario, CA, June 14, 2011 --- Lending Insights, providers of best-in-class analytical tools and business intelligence solutions to the credit union industry, confirmed today that the company has partnered with California-based Solutions in Finance to expand the suite of consulting services they are offering to credit unions.
Initially introduced to credit unions in Q1 of this year, Lending Insights’ consulting services have been expanded to address more than 35 key areas to help credit unions improve lending performance. The new consulting services being offered through the partnership with Solutions in Finance focus on a number of critical areas, including:
• Collection Strategies
• Lending Guidelines and Procedures
• Loan Pricing
• Repossession/Remarketing Process
• Loan Origination Process
• Credit Quality Review
• Management and Organization
Lending Insights consulting services help credit unions better understand their lending programs, establish essential policies and procedures to meet regulatory requirements, and help advance their programs and lending performance.
“A highly competitive lending marketplace, coupled with continued uncertainty of today’s economy and the necessity to comply with new industry regulations, has ushered in the need for credit unions to look closely at how they manage their lending programs and improve overall credit quality,” said Mike James, chief operating officer at Lending Insights.
“As a result of our partnership with Solutions in Finance, we’re able to offer credit unions a comprehensive, wide-range of consulting services. We’re able to help credit unions gain a more clear understanding as to where they are with their lending practices and programs, and how they can advance their overall portfolio performance and profitability,” James concluded.
In conjunction with their consulting services, Lending Insights also provides credit unions with a comprehensive set of online monitoring and reporting tools designed to help credit unions effectively manage their loan portfolios, and meet regulatory compliance. The company’s Lending Performance Management System (LPMS) tracks performance and trends against a credit union’s goals, as well as provides vital branch management tools, full drill-down capabilities to assess performance by portfolio segments, and market intelligence tools to benchmark the credit union’s performance against other lenders.
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About Solutions in Finance
Solutions in Finance, Inc. is a Los Gatos, CA-based consulting firm that provides services for financial institutions in consumer lending, indirect lending, mortgage lending, and collection operations. The firm assists clients to create, improve, and maintain sound lending practices with overall superior credit quality. Collections operations best practices applications are introduced with new and improved strategies and processes, and a focus on decreasing delinquency and charge offs, and increasing charge off recoveries.
About Lending Insights
Based in Ontario, California, Lending Insights develops powerful analytic, risk management, and business intelligence tools that give credit unions a competitive advantage in the lending marketplace. For more information on Lending Insights, visit www.lendinginsights.com. Lending Insights is a flagship brand of CU Direct Corporation.