CU Direct Connect is located in Centennial, Colorado. CUDC outsourced solutions include full-service loan underwriting, processing, call services, letter generation, funding support, and additional origination services. The company’s mission is to provide lenders with dynamic workforce solutions powered by superior technology and deep industry expertise. For more information, visit and follow us on Twitter and LinkedIn.ĬU Direct Connect (“CUDC”) provides lending organizations with flexible outsourced lending solutions designed to meet shifting demands, complement existing capabilities, and redirect resources to pursue new opportunities for growth. Origence is headquartered in Irvine, California. Solutions also include marketing and CRM, auto shopping, outsourced loan processing, and more.
With Origence, financial institutions can originate consumer and indirect loans with greater levels of productivity and increased scale, while also delivering a convenient and personalized borrower experience. Origence, a CU Direct brand, provides lending technology that elevates the origination experience to increase loan volume, create efficiencies, and grow accounts. LoanStar supports lending on home improvement services, elective medical procedures and other sectors traditionally underserved by traditional brick and mortar lending operations.
In addition to the technology that links borrowers to the lender via the contractor, LoanStar provides both a sales and advisory function to the lender – helping them to plan and build a program that is competitive in the local market. LoanStar offers a locally branded lending solution and toolkit, called MerchantLinQ, that credit unions can offer through merchants to consumers to instantly apply for financing for their larger purchases at lower rates than those offered by larger lenders. Headquartered in Swarthmore, Pennsylvania, LoanStar enables credit unions to compete with the larger national lenders that currently dominate the point-of-sale. We look forward to enabling credit unions to grow through this channel without needing to invest heavily in their own back-office operations,” explains Brian Hamilton, President of CUDC.Īndrew Turner added, “We couldn’t have selected a better partner than CUDC to assist with our customers’ needs for outsourcing – not only do they understand the business, but the whole team came from lending operations.” Beyond that, however, it is a high-transaction business that requires responsiveness and coverage outside of standard business hours. When you qualify for SNAP, the Texas Electronic Benefit Transfer (EBT) system will send your benefits via a Lone Star Card. “The business development and product aspects are critical for credit unions to succeed in this market.
CUDC provides lenders with flexible outsourced lending solutions that meet shifting demands, complement existing capabilities, and redirect resources to pursue new opportunities for loan growth. “As we continue to explore new ways to reach and serve credit unions and their members, we are excited to announce the next evolution in point-of-sale financing through our collaboration with LoanStar,” said Brian Hendricks, Chief Product Officer for CU Direct.Īs part of the joint venture, CU Direct Connect (CUDC), a subsidiary of CU Direct, will be LoanStar’s exclusive provider of BPO services, providing outsourced processing and underwriting services for retail merchant financing. As a result of this financing, the LoanSTAR Program has achieved total cumulative program energy savings exceeding $711 million, a direct savings to Texas taxpayers.įor questions regarding this RFA, email John Kyere.Andrew Turner, CEO of LoanStar shared, “We are excited to partner with such a well-known organization like Origence to help their lending partners diversify their portfolios while offering their members a new ability to borrow at the point-of-sale.” Sign up to receive loan fund availability notices and application requirements by email.Īs of May 14, 2021, LoanSTAR has funded more than 325 loans totaling more than $546 million. The notice is published on the Comptroller's website and on SECO's Funding & Incentives webpage. Twice each year, SECO publishes a Notice of Loan Fund Availability for LoanSTAR loans. Guidelines for project eligibility, fund availability and project funding and repayment are set forth in Comptroller rules ( 34 Tex. Applicants repay the loans from the energy cost savings realized by the projects.
Borrowers receive low-interest loans to help pay for these efforts. The Texas LoanSTAR (Saving Taxes and Resources) Revolving Loan finances energy-related, cost-reduced retrofits of facilities supported by the state, including public school districts and public colleges and universities, as well as units of local government such as counties, cities, towns, public hospital taxing districts or political subdivisions ( 10 Tex.
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