Decion Lender

Expand your loan portfolio by serving more of your members' needs

DecisionLender:Retail is an internet based (Software as a Service) loan origination solution that connects your credit union with merchants whose customers require unsecured lending. Decision Lender:Retail enables you to become the lender of choice for consumers who are currently obtaining financing for major purchases from other expensive lending sources. Decision Lender:Retail is the most cost-effective way to diversify your asset portfolio and grow your loan volume in a market that is underserved and overlooked by credit unions. Retail lending offers you the opportunity to increase your asset yield, maintain your lending standards and increase your membership.

Learn more how DecisionLender:Retail can make it easy for members to choose you.

What is retail lending?

Members - and potential members - need to finance urgently needed purchases like replacement HVAC system or home repairs, or special large ticket items like furniture and electronics. They also need help with non-insured personal services like cosmetic surgery, dental procedures, lasik eye surgery and veterinary care. Too many of these loans are being captured by other lenders offering rates and terms your products can profitably beat. And they're using new loan relationships to grab more of your core business - your members' next car loan or mortgage.

How big is retail lending?

The growing market for consumer lending for retail services and purchases adds up to trillions of dollars each year. To capture your share of these indirect loans in today's competitive financial world, you need a system that connects you with point-of-purchase merchants and puts your loan product in the member's hands at decision-time. The system has to make it easy for members to choose you, their most trusted source for affordable, reliable financial help. That's what DecisionLender:Retail enables.

What is DecisionLender:Retail?

DecisionLender:Retail is delivered as a Web-based, software as a service (SAAS), loan origination solution (LOS) for indirect lending. It links via a secure internet connection your loan officers to your approved merchants such as: contractors, retailers, dentists, clinics, or veterinarians. When customers need to finance the purchase, the merchant enters the applicant's data into your on-line application and hits 'send.' In minutes your vendor can receive a loan decision because the software provides a workflow that does the busy-work such as automatically pulling credit reports and other data, then routing the application to a loan officer for a decision. Decision Lender:Retail, keeps your credit union on track through every step of the lending process including contract preparation and printing at point of sale.

What about point-of-purchase merchant relations?

You work hard to cultivate relationships with local providers, and you don't want to compete against other lenders on every loan application. With some lifestyle-lending solutions you're just one lender in a network. But with DecisionLender:Retail, it's just you and your provider. No one else gets the application. It's great for borrowers looking for local funding for their unsecured loans, and with each loan, your member relationship gets stronger. Simply, it's a local lender supporting a local business and a local borrower-a credit union community.

What does it cost?

Since DecisionLender:Retail is Web-based, there's no software to buy, nor IT infrastructure needed. It works on any Internet-connected computer. After the low sign-up/licensing fee, all you pay is a per-click charge for each application processed. There's no overhead for maintenance, installation of updates or troubleshooting. We take care of everything at a secure, dedicated server-farm hosted at Verizon Business, known for an unmatched reputation of reliability.

What about training?

DecisionLender:Retail is easy to learn. Initial training gets your lending operations up and running quickly, and ongoing training is unlimited. Just as important, you can count on TCI's industry-leading reputation for technical support and customer service. Questions can be managed by phone or online, and we go to great lengths to ensure your satisfaction. We also visit all of our customers yearly.

What's so good about DecisionLender:Retail?

Simple No expensive software packages to buy, install or maintain. Easy to learn, a snap to use. And point-of-sale providers love it too!
Fast Can put a decision in customers' hands quickly - with terms and rates clearly spelled out.
Exclusive No other lenders to compete with. It's just between you, your member, and your merchant.
Inexpensive Much less expensive than any purchased software system. Per-click charge means you pay only for apps you get.
Manageable Excellent menu of real-time management reports puts smart summaries at your fingertips.
Scalable Your loan business can't get too big for our systems to handle efficiently.
Reliable We keep everything running smoothly and securely with Verizon Business' SAS 70 compliant hosting services. Everything's accessible to your administrator any time, anywhere.
Diversity Diversifies your loan portfolio and increases your asset yield.

See DecisionLender:Retail in action - apps, reports, and more. Scheduel a real-time Web-demo in your office or conference room.