Origence, a CU Direct brand, recently announced a new preferred vehicle refinance broker partner program to the credit union industry.
Four refinance brokers have joined the Origence preferred partner program, including RateGenius, AUTOPAY, MotoRefi and Yield Solutions Group LLC, which conducts business as RefiJet.
The new program, through its CUDL network, connects the refinance brokers with credit unions looking to be better positioned to serve members in the growing auto refinance marketplace. The program also offers credit unions additional loan services, including direct financing for lease-end purchases, as well as private-party and dealership purchases.
The nation’s largest credit union auto lending network, CUDL connects lenders to 15,000 auto dealers nationwide. Collectively, the 1,100 credit union partners on the CUDL platform have been the nation’s number one auto financing source since 2017.
“We recognized the value and need for a preferred broker program that assists credit unions in capturing more of the growing auto refinance market, and we are excited to be partnering with the leading brokers in the country,” said Aleks Bogoeski, Origence vice president of strategic alliances. “As a result, we’ve partnered with a team of brokers that are able to bring these new loan opportunities to the market with credit unions and share their commitments to not only maintain, but also make new partnerships with credit unions through Origence’s CUDL network.”
Origence, a CU Direct brand, is a financial technology provider dedicated to creating new approaches to the loan origination experience. The company’s enterprise origination solution, the Origence platform, powers mortgage, consumer, indirect and home equity lending for financial institutions.