AUSTIN, Texas, Oct. 12, 2018 /PRNewswire-PRWeb/ -- Open
Lending, LLC is pleased to announce it has expanded its longtime
relationship with Integrated Lending Technologies, LLC (ILT)
through ILT's enhanced Allegro Lending Suite. Based in Salt Lake City, ILT was the very first Loan
Origination System (LOS) partner to be added fifteen years ago, to
Open Lending's now vast suite of LOS partners.
The Allegro™ Lending Suite represents ILT's next generation of
powerful loan origination software, enabling lenders to manage
input, process data, respond to customer inquiries and meet
compliance requirements more efficiently than ever. Three
independent modules, Dealer, Branch and Provider reside in
Allegro's Loan Origination Platform.
ILT and its Allegro™ Lending Suite have made significant
automation updates on their system which will handle Open Lending's
application flow very efficiently for lender clients. With this
partnership, Open Lending will be able to offer an improved and
more comprehensive experience for its clients.
"We value this growing partnership and look forward to the
continued mutually beneficial outcomes for both Open Lending and
ILT. Further, the opportunity to enable our lender clients to say
YES to more automotive loans means a great deal to us," stated
John Flynn, Open Lending's
Co-Founder, President, and CEO.
Allegro™ replaces ILT's original DILLS™ and PILS® systems and
includes major automation enhancements to the older systems. The
company has improved its product and service capabilities to better
serve its clients with increased automation and expanded
features.
Open Lending and ILT have begun a strategic marketing campaign
to co-promote the enhanced Allegro™ Lending Suite to support growth
for their mutual client bases in the coming months and years.
Will McGregor, ILT's President
and CEO said, "We're very pleased to be able to continue our
relationship with Open Lending with this greatly improved
integration of our two systems. Our lender clients are going to be
very pleased with this significant upgrade and with the expanded
lending opportunities it will enable."
ABOUT OPEN LENDING, LLC
Founded in 2000, Open Lending, LLC works exclusively with
automotive lenders by providing loan analytics, risk-based pricing,
risk modeling and automated decision technology. Based in
Austin, Texas, the company
services over 400 financial institutions nationwide. Through its
proprietary technology, the Lenders Protection Program, financial
institutions leverage powerful tools and customized analytics to
underwrite direct and/or indirect loan approval decisions in
seconds. Lenders are empowered to increase near and non-prime
automotive loan volumes and yields with the protection of "A" rated
insurance carriers, preventing additional risk to their loan
portfolio. Lenders Protection, LLC is a wholly owned subsidiary of
Open Lending, LLC.
To learn more about Open Lending, visit
http://www.openlending.com.
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ABOUT INTEGRATED LENDING TECHNOLOGIES, LLC
Integrated Lending Technologies (ILT) has been providing innovative
technology solutions for the lending industry since 2001 when it
released the first version of DILLS™. ILT's latest release is the
Allegro™ Lending Suite, a cloud-based loan origination system
comprised of three modules, one for indirect (Dealer), another for
direct (Branch) and a third for lifestyle lending (Provider). This
new ILT system includes an extraordinarily versatile automated
decisioning system, regulatory compliance tools, limitless
reporting capability and integration with any core management
system. And, like its predecessors, Allegro™ includes options to
make it the ultimate management tool for CUSOs and other lending
managers.
To learn more about Integrated Lending Technologies, visit
http://www.allegroloan.com.
MEDIA CONTACT
Cami Gueguen
CAMIO PR LLC
cami(at)camiopr(dot)com
512.415.5460
http://www.camiopr.com
SOURCE Open Lending, LLC