JACKSONVILLE, Fla., May 19, 2020 /PRNewswire-PRWeb/ -- LAUNCHER.SOLUTIONS ("Launcher"), a technology provider specializing in loan originations, announced today its entrance into the Credit Union market with its configurable loan origination system appTRAKER. Launcher's full suite of software solutions will now be available to Credit Unions as well as other lenders and financial institutions.
Launcher created appTRAKER Loan Origination System for lenders who demand more from their originations software. Often that demand includes the support for both direct and indirect business models, increased automation in workflows, and integrations with their core systems. With appTRAKER LOS, Launcher offers a solution that works exceptionally well in both the prime and the subprime market with regards to risk assessment and complex workflows.
Said Nikh Nath, President of Launcher: "We have found that in addition to a loan origination system which helps with compliance and automation, Credit Unions are in dire need of better tools to strategically manage their prime and subprime processes. We have developed a solution that is easily implemented, contains all of the necessary origination tools, and provides a robust platform for their users."
With Launcher's appTRAKER LOS Direct, credit union members are able to complete a secure online credit application in a streamlined and intuitive platform, branded and customized by the Credit Union. For indirect lending, appTRAKER offers its Dealer Portal which is a unique solution that facilitates more efficient interaction between the Credit Union and their dealer/retail partners. When it comes to automation, Credit Unions can expect to find these capabilities in all areas of appTRAKER including the credit application, application processing, risk evaluation, verifications, compliance, and communications and notifications. appTRAKER easily integrates with any loan servicing system, loan management system, or other core system with integration capabilities.
For Credit Unions who prefer a more intelligent digital lending experience, appTRAKER LOS employs fully and partially-automated decisioning capabilities. With a powerful Graphical Business Rules Management System (BRMS), complex calculations and rules are run on a loan application before and/or after a credit bureau is pulled, allowing for automated decisions to be made on many lender-defined demographic or bureau attributes. Credit Unions may also seamlessly leverage statistical, machine learning (ML), or artificial intelligence (AI) powered risk assessment solutions from our partners to increase speed and efficiency while minimizing errors and risk.
LAUNCHER.SOLUTIONS is a technology products and services company built on the foundation of care, understanding, innovation, and speed. It specializes in loan originations for subprime/nearprime automotive lending institutions, regional banks, financial institutions, and credit unions. Its product offerings include appTRAKER LOS for indirect automotive lending as well as consumer direct lending and leasing, myDEALER.CARE dealer relationship management system, and myACCOUNT.CARE customer self-service and communication solution. LAUNCHER.SOLUTIONS has service offerings aimed at helping its clients with projects related to data analytics, data integration, telephony and custom web development. Learn more at http://www.launcher.solutions or call 877.5LNCHER. Follow LAUNCHER.SOLUTIONS on LinkedIn at https://www.linkedin.com/company/launcher.solutions.