Baxter CU Signs Up For Akcelerants Consumer Loan Origination Solution
VERNON HILLS, Ill. – Baxter CU has expanded its relationship with Akcelerant to include SOLUTION.LENDING, Akcelerant’s consumer loan origination solution powered by the Akcelerant Framework.
The agreement will allow the $1.5 billion credit union to use the Akcelerant Framework for a third purpose – as a full-scale, end-to-end consumer loan origination system. The company said sot only can all three business processes now be streamlined using a single platform, the credit union can take advantage of the Framework’s lending functionality that supports multi-channel loan products, complex loan decisioning, advanced cross-selling, paperless processing, and seamless integration to third-party services.
The relationship between BCU and Akcelerant originated in 2006 with the implementation of the Akcelerant Framework for collections. Framework’s member service solution was added shortly after.