Product & Service
Aimbridge Connect Is Enhanced
DENVER-Aimbridge Indirect Lending, a division of Aimbridge Lending, announced that it has enhanced Aimbridge Connect, a system that enables automotive dealers to immediately track and verify automobile loan applications from entry through funding online, creating a quicker and more efficient loan decisioning process.
"We have listened to our credit union and dealer partners; needs and have enhanced Aimbridge Connect so that it is easier to navigate and contains more automated functions to make the loan application approval process faster and more efficient," said Steve Bentley, CEO of Aimbridge.
Through Aimbridge Connect, dealers have access to AppLine and LoanTrack. AppLine, formerly known as IDA or Internet Dealer Application, is the online application component of Aimbridge Connect that decisions loan applications in 10 seconds. New features include an automated membership eligibility check and a pre-fill function that automatically populates portions of the loan application. LoanTrack is the new name for the tracking and queuing capabilities.
For info: www.aimbridge.com.
AFFN Makes Foundation Donation
TAMPA, Fla.-The Armed Forces Financial Network (AFFN) has donated $1,500 to the Pentagon FCU Foundation to further the organization's work combating the abuses of payday lending targeted at members of the U.S. armed forces. The grant is earmarked for the Asset Recovery Kit (ARK) initiative that combines alternative low-cost, short-term loans with credit counseling.
For info: www.affn.org.
COCC Offers Image Exchange
AVON, Conn.-COCC has designed an image exchange strategy to make the most of the Check 21 legislation, the firm said. COCC said its strategy is based on forging alliances with the major image exchanges and implementing custom software that distributes check images to the most efficient exchange "endpoint." The company recently announced its alliance with the Endpoint Exchange Network and the National Clearing House. The company claims the typical financial institution could reduce its check collection fees by as much as 50% while increasing the next-day availability of funds by an estimated 90%.
For info: 860.674.7214.