RateGenius helps credit unions expand their membership, without adding staff. By leveraging rateGenius' diverse marketing approach, credit unions gain access to a new loan channel providing quality refinance and recapture loan applicants with no upfront cost. The turnkey process allows credit unions to stay in control of the applications they wish to pursue while rateGenius handles the marketing and fulfillment.
How It Works
RateGenius generates a constant flow of auto loan refinance and recapture applications through its mature, diverse marketing approach including SEM, SEO, referral programs, strategic partnerships, database marketing, digital advertising, and direct mail. These applications are matched to credit union lenders based on preliminary criteria. The credit union maintains full control over its loan approval and funding guidelines. Once a loan is approved and the offer is accepted by the borrower, rateGenius handles the loan documents and secures the title. RateGenius also helps credit unions recapture auto loans that members have taken with other lenders with prescreened direct mail, email, and call campaigns.
RateGenius walks through the process, from marketing to fulfillment in this podcast below.
RateGenius is distributed by Allied Solutions, a NAFCU Services Preferred Partner. Based in Austin, Texas, rateGenius is a multi-state, web-based loan brokerage company. Established in 2005 and licensed nationwide, rateGenius has processed more than $2.4 billion in auto refinance and recapture loans. By hosting a virtual marketplace, rateGenius brings together qualified borrowers and competitive lenders to create the best possible financing opportunity. Learn more at www.rategenius.com.
Consumers always think about refinancing their mortgages, but for some reason never think about refinancing an auto loan or a lease. Auto loan refinancing and recapturing offer tremendous growth opportunities for credit unions.
Chris Brown, CEO at rateGenius, explains in this podcast why credit unions of all sizes should start refinancing and recapturing auto loans and provides tips for getting started. Allied Solutions is the NAFCU Services Preferred Partner for auto refinance loan generation and production, offering the rateGenius solution.
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Julie Shinn, Business Development Manager, rateGenius, Inc.866-728-3436http://firstname.lastname@example.org