DEPTFORD, N.J.–First Harvest Credit Union said it has selected Origence to provide indirect lending solutions at local franchise dealerships.
The $460-million First Harvest has implemented Origence’s indirect lending platform, CUDL, and the company’s SmartFund solution, which provides fast dealer funding.
According to the company, First Harvest is also leveraging outsourced loan processing and underwriting services from Origence Lending Services. The credit union will utilize these services to expand its digital presence with members, cultivate lending efficiency, and strengthen its position as a regional market leader, Irvine, Calif.-based Origence said.
‘Valuable Benefits’
“As the largest credit union in Southern New Jersey, we’re committed to the financial well-being of our communities,” said FHCU President and CEO Mike Dinneen. “Partnering with Origence gives us the ability to provide valuable credit union benefits and partnerships to local franchise dealerships and an affordable and simplified auto financing experience for families and individuals in the communities we serve.”
Origence noted CUDL connects credit unions to its nearly 20,000 auto dealerships nationwide. As an aggregate, the 1,100 credit union partners within the CUDL network are the nation’s number-one auto lender, the company added.
‘Scalable Outsourcing’
The company further stated that Origence Lending Services provides credit unions with scalable outsourced solutions to streamline their lending operations. Core services include full-service indirect lending, after-hours staffing, overflow support, document services, and underwriting support.
“We are pleased to welcome First Harvest to the Origence family of credit unions,” said Brit Barker, SVP-sales at Origence. “We’re looking forward to continued collaboration to optimize the CUDL network and our advanced lending solutions for a successful growth strategy that ensures an exceptional lending experience for members.”
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