IA Systemsâ flagship product, StreamLend Velocity, is a paperless, Web-based loan origination system that speeds credit and loan decisioning, integrates sales channels and manages risk for financial institutions. The system was carefully chosen by these institutions to further enhance automation and accelerate the lending process.
Allegacy FCU (Winston-Salem, N.C.), a top 100 credit union by assets, chose the paperless, end-to-end loan origination system to better automate and accelerate its lending process while further increasing efficiency by integrating with its core provider. Allegacy cites Open Solutions IA Systemsâ exceptional teamwork and commitment to ensure a successful implementation as key reasons for selecting the system.
âI cannot say enough about the Open Solutions IA Systems team and their commitment to our satisfaction and to a successful implementation. They were as committed as we were in doing whatever it took to get the job done and we greatly appreciate all their efforts,â said Bill Lackey, CIO of Allegacy.
âThe 2008 fourth quarter achieved significant growth in implementations, evidencing StreamLend Velocityâs value in the industry,â said David Van Pelt, senior director of software development for Open Solutions IA Systems. âThe lending landscape has significantly changed this past year but with a customizable and efficient lending system, these institutions will be equipped to meet future challenges head on. Weâre pleased with these institutionsâ decision to select our system, and we look forward to helping them improve lending efficiencies moving forward.â