Indirect Lending

Since 1987, CMSI’s credit automation systems have been the choice of some of the country’s largest institutions to support their indirect lending operations. During our 20-year history we have tailored automation solutions that helped these banks and finance companies develop a powerful competitive edge to further distinguish them from their competitors.

We specialize in innovating new credit automation software that offers powerful functionality supported by the latest technology. Beginning with our flagship CreditRevue® system, our credit automation solutions have been designed for use in the high-volume, rapid turn-around environment that characterizes indirect lending. Extensive experience gained through interaction with our indirect lender clients has been translated into software that materially streamlines the indirect credit analysis process yet is intuitive for the user.

Our systems are developed and implemented by teams that include both experts in the latest technology, and individuals with extensive experience in the indirect lending industry. This ensures that our solutions are not only technologically advanced, but also efficiently solve the real-world credit processing challenges presented by the indirect lending market.

Origenate®, our browser-based indirect lending solution, revolves around an independent workflow that integrates with decision engine technology to streamline the entire loan granting process -- from application entry through underwriting and contract administration. Origenate’s advanced workflow and screen design enhance navigation and processing speed, while comprehensive data improves loan quality and reduces risk and decisioning time.

Origenate is designed to accept ongoing enhancements and releases to the base product, while providing our clients with the flexibility of a decision engine to modify their credit policies in order to support a wide variety of indirect lending strategies.

These are just a few competitive advantages you can expect from Origenate:

Browser technology that facilitates rapid deployment, centralized control, easy, intuitive navigation, and enterprise-wide usability.
Extensive user-configurability that equates to reduced risk and more profitable lending
Advanced Web interface that promotes ease-of-use, faster processing speed, and improved productivity.
Unparalleled flexibility in the area of credit risk and pricing strategies thanks to the eValuate decision engine
Open and scaleable architecture that supports future growth and development

In addition to experience with streamlining the indirect lending process within a bank, CMSI was the first company to successfully operate an electronic network (CreditConnection®) to electronically exchange loan applications and decisions between car dealerships and lenders. This connectivity reduced a multi-hour process to a matter of minutes, and dramatically improved lender productivity by eliminating application data entry. The CreditConnection network was merged with DealerTrack™ in 2003. The result is a combined solution that is the leading electronic financing platform for automobile dealers. CMSI’s equity in DealerTrack provides us with a unique and early insight into market trends in the dealership world that may affect lenders.

Additionally, thanks to this close relationship, Origenate includes a seamless interface for the electronic exchange of applications and decisions through the DealerTrack platform. Indirect auto lenders who implement Origenate immediately gain the opportunity to be connected to any of the thousands of dealers who use DealerTrack to communicate with lenders. Applications coming through DealerTrack go directly into Origenate, eliminating the need for data entry. Likewise, decisions are returned to the dealer electronically, with no need for faxing or phone conversation. This can result in major productivity gains, as well as providing the accelerated turn-around time that can differentiate you from your competition.

Origenate also supports DealerTrack’s eContracting functionality, which can eliminate the laborious and time-consuming paper exchange between you and your dealers. Moving to eContracting can transform the contracting bottleneck into a highly automated, streamlined process that enhances your ability to serve your dealer customers.

Flexible, browser-based software. Extensive implementation experience. Real-world indirect banking expertise. Important industry relationships. These are some of the reasons why, when it comes to indirect lending, CMSI solutions were named “best of breed” by the TowerGroup. For more information on the features and functionality of Origenate, click here.