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By CRIF Lending Solutions
Building a profitable and flourishing indirect lending program takes a tremendous amount of investment — both in time and resources. Some lenders think that simply having the right loan software will help them pad their portfolios and exceed their competitors. The truth is that a credit union that isn’t prepared to excel at all five areas of an indirect lending program will not last long.
Here are those five crucial areas of focus and a useful tip to consider when evaluating the strength of your program:
CRIF Select offers the tools and expertise to help any credit union build and maintain a superior indirect lending program. But the suggestions listed above for each aspect of your program are just to get you started. Here’s a tip: Select will be hosting a complimentary webinar at 2 p.m. ET, Tuesday, June 28 that will focus exclusively on best practices for your dealer management efforts. Click here to register.
For a complete guide on how to build or strengthen each portion of your program besides just dealer management, please click the button below to request a copy of our Universal Roadmap for Indirect Lending Success.
This sponsored content article is provided to the credit union community for shared insights and knowledge from a recognized solutions provider in the industry. Please note that the views and opinions offered here do not reflect those of Callahan & Associates, and Callahan does not endorse vendors or the solutions they offer.
If you are interested in contributing an article on CreditUnions.com, please contact our Callahan Media team at firstname.lastname@example.org or 1-800-446-7453.
June 6, 2016
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