Finding the Right Loan Origination Solution for your Return on Investment

(PRWEB) June 29, 2003 -- At Transcor we have a "can-do" philosophy that is realized though our unique 'Lending by Design' program. The Lending-by-Design program delivers systems tailored to support the client's business objectives. This ensures realizing a rapid return on investment that is measurable in real world terms - increased productivity, maximize utilization of staff, opportunities to expand market share and increase cross channel sales.

I-C Federal Credit Union, of Fitchburg, Massachusetts was looking for a Loan Origination System that could handle thier unique business requirements while helping them achieve a high return on investment. Other vendors had tried to fulfill the customization I-C required, none delivered. "We searched for Loan Origination Systems that could meet our business requirements but were unsuccessful until Transcor came along and proved to us that they could get it done, and they delivered."

And just how successful was the ELS Consumer Lending custome implementation for I-C Federal Credit Union? "You want to talk about return on investment. . . before we had Transcor's ELS Consumer Lending System we maximized our home equity loan closings at approximately 75 loans per month, and this volume would require our staff working overtime. Now, on Transcor's Consumer System we close over 130 home equity loans in a month without having the staff work any overtime."

I-C Federal has increased their loan productivity by over 80% without having to off-set the corresponding financial gain with equivalent staffing increases! Now that is real world, real business return on investment.

About I-C Federal Credit Union

I-C Federal Credit Union was founded in 1928 as a member-owned, non-profit thrift institution. I-C was chartered to encourage savings by offering a fair return on deposits, to use those deposits to offer low cost loan products, and to provide additional services.

I-C provides the most innovative and complete range of consumer financial products to meet the ever-changing needs of the members in their chosen markets. We provide unmached personal service, through a committed team of knowledgeable professionals working in an empowered, continuous learning environment. I-C is dedicated to building member relationships, applying state of the art technology and providing service, 24-hours a day, seven days a week. I-C exceeds the expectations of their members every time. In return, they enjoy a reputation for excellence, success and profitability, to ensure the continued growth and prosperity of their members, of I-C, I-C families and their community.

More Information
For more inforamtion on how Transcor Group can help you reach a high Return on Investment please contact Todd Bell, Director of Business Development at (602) 222-9005.

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