Founded
by South Carolina Federal Credit Union, Indirect Lending Services,
LLC provides the infrastructure necessary to help client credit
unions manage their own indirect lending program without a
sizeable financial investment.
When your
credit union decides to start an indirect lending program
with Indirect Lending Services, LLC, it’s imperative
that the process be easy to manage for all parties involved.
Indirect Lending Services, LLC provides a secure Internet-based
infrastructure that allows dealers to input loan applications
and your credit union to monitor their status. Most decisions
on member applications are made automatically by the online
program using a risk-based evaluation model that is predetermined
by your credit union. We can even guide your credit union
in the development of rate structures and threshold levels
based on our experience in the industry.
If a loan
application is not approved, the dealer is notified that the
application has been referred to Indirect Lending Services,
LLC. Our staff will review the information and provide a final
loan decision for the dealer based on your credit union’s
guidelines, usually within 30 minutes during business hours.
| Other
services provided by our web-based software include: |
| • |
Automatic
adverse action letters for declined applicants |
| • |
The
calculation of dealer incentives |
| • |
Funding
amounts due to each dealer |
| • |
Testing
for Reg. Z rate tolerance |
| • |
Over
25 administrative reports to help with the tracking of
your program’s performance |
Indirect
Lending Services, LLC also provides consultation services
that include issues relating to the recruitment of dealers
and the cultivation of positive relationships, financial responsibilities,
training, policy development, pricing structure, dealer reserve
calculation, and approval criteria for a comprehensive and
competitive program. Contact us
today to learn more.
CLIENT QUOTES
"Our NCUA examiners were extremely pleased with the program and how it was being implemented here at Charleston Area FCU. You and the entire staff of Indirect Lending Services, LLC are to be congratulated on your program, how it is implemented and on your willingness to share your expertise with other credit unions."
Brad Rustin
President
Charleston Area Federal Credit Union
"Just wanted to let you know how happy we are with your program. Our indirect loan growth has been amazing and exceeded all expectations we had set. In fact we feel we were named by Callahan and Associates as one of the top credit unions with annual percent increased loan growth as a result of our indirect loan success. We believe in your program and its structure and would be happy to share our results with anyone interested in your program. Please let us know if we can help spread the good news about Indirect Lending Services."
Jerry Miller
President
Carolina Trust Federal Credit Union
"The ability to start our indirect loan program while hiring minimal staff has been very beneficial for Allegacy. We have been able to book good quality loans that have performed well in a cost efficient manner. Indirect lending and our partnership with you has been instrumental in helping us gain quality members and loans. You and your staff at Indirect Lending Services, LLC have been responsive to my requests and needs to run 'our' program. Thanks for your help in starting and maintaining our indirect program, and feel free to use me as a reference.
Ken Elkins
Sr. Manager of Retail Lending
Allegacy Federal Credit Union
"Allegacy Federal Credit Union's platform or website has been a great site for us here at Asheboro Honda. Jesse and I have benefitted from this site in many ways. First this site offers us finance managers the ability to print the necessary forms which we need to conduct business. Dills system provides us with the latest rates, funding records and reserve information . All information needed for our financial records, correspond with personal that keeps everyone happy. Allegacy keep up the good work and thank you for providing us with a credit union that allows us to maximize our profits and allowing us to excel in customer service."
Matthew Nakovich
Business Manager
Asheboro Honda
"I need to tell you how fabulous your website is, it's fun and easy 1, 2, 3. This site compared to others is years ahead in response time and navigating.
We have a import system so we do not have to load the same deal twice but I still prefer your website. The "Instant Approval" feature is one of the best. I like pulling my own funding notices. I appreciate the great service and the tools to work with provided by your credit union. "
Pete Barnhardt
Finance Director
Tim Marburger Dodge
|
