Credit Union lenders can now use Eltropy within Origence arc OS to achieve higher closing rates
Origence, the leading lending technology solutions provider for credit unions, announced a partnership with Eltropy, the leading digital communications platform for community financial institutions (CFIs).
With the partnership, Eltropy will integrate its lending communication capabilities into Origence arc OS, the company’s loan and account origination system. As a result, loan origination staff can work more effectively and productively – with higher close rates, fewer abandonments, and SMS messaging features that increase member satisfaction and create a better user experience during the loan process.
Latest Fintech News: New Report: Identity Fraud Doubled in Crypto and Banking in 2022
“This partnership is a huge win-win for credit unions and community banks,” said Bill Lynch, VP of partnerships, Origence. “With arc OS, they can completely transform the lending experience for essentially every type of loan. Eltropy messaging solutions will streamline that borrower experience even more – resulting in the ultimate loan origination experience for members and potential members.”
Through the partnership, Eltropy’s text message lending communication capabilities will be available as part of the Origence arc OS origination system. With Origence’s network of over 1,100 credit unions and Eltropy’s more than 500 credit unions and community banks, the combined capabilities will be able to reach many credit union members and empower their mutual clients to book more loans.
Latest Fintech News: S3 Partners Announces Partnership with Boosted.ai
“This Eltropy-Origence partnership is a day of joy for loan officers,” said Jason Smith, VP of strategic partnerships at Eltropy. “Now they’ll be able to service borrowers much more efficiently, leading to higher closing rates, an outcome vitally important for CFIs during this time when interest rates continue to rise.”
About Origence
Origence is a credit union service organization (CUSO) providing financial technology that elevates the origination experience to increase loan volume, create efficiencies, and grow accounts. With Origence, financial institutions can originate consumer loans with greater levels of productivity and increased scale while also delivering a convenient and personalized borrower experience.
Latest Fintech News: Atomic Collaborates With Jack Henry to Unlock a Digital Banking Evolution for Banks and Credit Unions
[To share your insights with us, please write to sghosh@martechseries.com]
