Greater Iowa Credit Union (GICU) has selected Teledata Communications’ (TCI) consumer loan origination platform DecisionLender 4 (DL4) for direct, indirect, and online lending, and online account opening.

Credit Union inspected 10 loan origination and account opening providers before selecting TCI.

GICU will use DL4 to automatically process, underwrite, close and fund loans efficiently within a single platform.

This will help to speed up the overall process, improve operational efficiency and allow higher volumes of loans to be processed.

GICU lending vice president Neal Dietz said: “After carefully reviewing multiple platforms, TCI’s DecisionLender 4 was the only system that was robust enough to meet all of our current objectives, and provide the flexibility needed to enable future growth.”

DL4 will assist GICU to decide the level of control and automation required to regulate workflows without adding IT or developer resources.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Moreover, users can update and implement programmes, rules and policies for each loan type and deploy them the same day.

Dietz continued: “Implementing DL4 from TCI will provide our members even more flexibility, enabling them to complete transactions at a time and place that is most convenient to their schedules.”

GICU aims to eliminate paper-based method for account opening by deploying the DL4 account opening module.

This module will provide users with 24×7 account-opening capabilities.

Users can initiate, pause, save, stop or restart the account opening application process from any device and any location –  branch or online.

TCI president Bill Nass said: “With DL4, the credit union can close more loans and open more accounts faster without sacrificing accuracy, and still maintaining the integrity of their unique lending requirements.”

Headquartered in Ames, Greater Iowa Credit Union has 33,000 members with over $512m in assets and operates eight branches.