ATLANTA , GA— August 12, 2016— CRIF Lending Solutions and MoveCU Inc., a financial services company geared specifically for the credit union industry, have announced a technology integration and services partnership that will make it easier for consumers to access lower-cost consumer loans. CRIF Lending Solutions’ Synergy data access, decisioning and process management components will serve as the technological backbone for the new Move CU online lending marketplace.
Move CU’s online comparative shopping process can automatically approve consumer loan application based on a credit union’s unique underwriting criteria. Consumers can be instantly approved for multiple offers, ranging from lowest finance charge to lowest monthly payment, after completing a streamlined application process that usually takes less than two minutes. Upon offer selection, the consumer has the ability to electronically send supporting documentation to seamlessly verify employment, income, insurance and other underwriting criteria. E-documents are also available to ensure each application is ready to fund.
“It is a process that is optimized for ease of use on computers, tablets and smartphones,” said Kevin Dawson, MoveCU co-founder. “Our objective is to deliver a frictionless search-click-apply-fund experience that includes the highest value loan offer. Partnering with credit unions utilizing Synergy’s components delivers the best of both worlds to both the lender and consumer.”
CRIF Synergy’s data access, decisioning and process management components will be combined to provide rapid, accurate and efficient services for any credit union who signs on to the Move CU application. The components include the CREDICHECK credit data access system, CreditFlow business process management system, RapUP characteristic development system and StrategyOne business rules management system. These components have been used to enhance the specific aspects of many major financial institution’s loan origination systems throughout the US and worldwide.
“We are very proud to partner with MoveCU to help drive growth for our credit union clients,” said Scarlett Shipp, President of the CRIF Synergy division of CRIF Lending Solutions. “MoveCU is leading the charge regarding the under-served industry of online loan-lead generation, and we are excited to connect millions of highly motivated MoveCU loan shoppers to our clients.”
About CRIF Lending Solutions
CRIF Lending Solutions is the nation’s largest provider of loan and account origination, business process outsourcing, credit decisioning, data access, and lending and marketing analytics solutions to a number of the most successful U.S. financial institutions including banks, credit unions, finance companies, retailers and credit card processors. CRIF Lending Solutions is organized into four dedicated divisions: CRIF Achieve, CRIF ACTion, CRIF Select, and CRIF Synergy. CRIF Lending Solutions is a part of CRIF, the leading global company specializing in the development and management of decision support systems. For more information, visit www.criflendingsolutions.com.
MoveCU is a Santa Barbara, Calif.,-based financial services company focused on bringing simple, powerful loan-shopping technology to the credit union industry. MoveCU innovates user experience, online lead generation and loan application technology to allow credit unions to compete in the nationwide marketplace without huge ad spending or technology investment. Learn more at www.movecu.com.