Provider Category: Insurance
Allied Solutions - Allied iQQ
Capture POS Opportunities with the Allied iQQ® Connector. Integrated to the Temenos LMS Loan Origination Module.
The Allied iQQ® connector provides access to Allied’s cutting-edge online quoting software, iQQ®, directly within Temenos LMS Origination. The connector allows loan origination customers to present and cross-sell GAP and MBP options.
Key Features
Simple and Seamless Processing
Presented within a new Allied iQQ® workflow step, this connector seamlessly displays all the requirements for quoting, accepting and fulfilling Allied’s Mechanical Breakdown Protection (MBP) and Guaranteed Asset Protection (GAP) within the platform.
Real-Time Interface
A powerful, real-time interface eliminates the need to launch Allied iQQ® in a separate window for individual transactions. All functionality needed to create, update and issue Allied point-of-sale products can be found directly within the system.
Track and Monitor Performance
Reports and analytics can provide visibility of how often loan officers are informing applicants about available point-of-sale products, as well as measure overall opportunities and success rates.
Benefits
Increase Your Bottom Line
The Allied iQQ® connector ensures GAP and MBP are discussed with each new loan applicant, increasing efficiency and the likelihood of a successful sale.
Eliminate the Need for Multiple Programs
Eliminate time spent maneuvering between multiple screens and programs. All tools needed to quote, accept and fulfill MBP and GAP are available within one centralized system. 3. Reduce Redundant Data Entry – Existing borrower, collateral and loan information is automatically transmitted between the module and Allied iQQ®, greatly reducing the amount of manual data entry required.
Resources
Allied iQQ Connector
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SWBC - Unity
Enhance Cross-Selling with SWBC UNITY. Integrated to the Temenos LMS Loan Origination Module.
The SWBC UNITY connector allows financial institutions to present and cross-sell loan protection products using SWBC’s UNITY® software directly through Temenos LMS Origination.
Key Features
Enhance Cross-Sell Opportunities
The SWBC UNITY connector provides loan officers with the ability to quickly and accurately support cross-sell opportunities during the loan generation process for Guaranteed Asset Protection (GAP), Extended Warranties (MBI & VSC), Credit Insurance and Debt Cancellation.
Workflow Integration
Information needed to quote and cross-sell multiple UNITY products is automatically presented as part of a custom loan origination workflow. This functionality provides process consistency and ensures UNITY products are presented as part of each new loan.
Reporting and Analytics
With the SWBC UNITY connector, reports and analytics can be generated to determine success rates, track performance overall, by branch or user, and create effective coaching and incentive programs.
Seamless Document Creation
All documents associated with UNITY point-of-sale products are automatically generated as part of the workflow step in the Loan Origination module and printed at the end of the loan cycle along with all other loan documents.
Benefits
Increase Sales
The SWBC UNITY connector ensures GAP and MBI are discussed with each new loan applicant, increasing efficiency and the likelihood of a successful sale.
Eliminate the Need for Multiple Programs
Eliminate time spent maneuvering between multiple screens and programs. All the necessary tools needed to utilize UNITY can be accessed directly in the Loan Origination module.
Decrease Human Error and Data Entry
Information from the Temenos database is automatically sent to UNITY and pre-populated on-screen. If any data is added directly to UNITY, the changes are immediately transferred and saved in the Loan Origination module, providing seamless, real-time integration between the two systems.
Resources
SWBC Unity Connector
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Open Lending
Increase auto loan approvals with lenders protection. Integrated to the Temenos LMS loan origination module.
The Lenders Protection connector by Open Lending provides financial institutions with the ability to expand their auto-loan portfolio by offering an insured alternative for loans that would otherwise be declined. With Temenos LMS Origination, financial institutions can easily establish criteria that automatically directs loan applications within defined underwriting criteria to Lenders Protection for an instant decision and risk-based pricing quote.
Key Features
Seamless Connection
A real-time connection between the Loan Origination module and Lenders Protection allows institutions to submit applications to Lenders Protection automatically or through workflow steps within the system. Lenders Protection will evaluate the auto loan application and return a recommended decision within seconds. Users can then easily apply the Lenders Protection results to the application data or automatically create a counteroffer within the Loan Origination module.
New Lenders Protection Panel
This new panel allows users to submit an application to Lenders Protection which can be added to any new or existing screen. This panel will display the recommended decision from Lenders Protection, as well as provide access to the Approval Sheet which contains a decision, counter reasons (if countered), terms and stipulations.
Real-Time Interface
Financial institutions are able to automate sending the vehicle loans to Lenders Protection by using the system’s powerful rules engine, which also allows administrators to facilitate the processing of Lenders Protection actions, manage the processing of Lenders Protection results, and set the values of system fields required to transmit applications to Lenders Protection.
Benefits
Increase Auto Loan Portfolio
Financial institution auto loan portfolios can easily be expanded through the Lenders Protection connector as it boosts loan approvals by expanding credit approvals, reducing the loan by extending interest rates, down payments, and providing more favorable loan terms on applications that would otherwise be rejected by the institution. Lenders Protection minimizes the risk associated with these loans.
Decrease Redundant Data Entry
Information from the Temenos database is automatically sent to Lenders Protection and pre-populated on the screen. Terms created by Lenders Protection are also immediately transferred and saved within the Temenos system reducing the amount of manual data entry required.
Eliminate the Need for Multiple Software Applications
Eliminate the time wasted maneuvering between multiple screens and programs. All tools needed to send and receive auto loan data to Lenders Protection can be found directly within the Loan Origination module.
Resources
Lenders Protection Connector
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TruStage - Protection Advisor Expert Connector
Quote and Cross-sell TruStage Products. Integrated to the Temenos LMS Loan Origination Module.
TruStage’s Protection Advisor Expert (PAX) connector makes it easy and seamless to quote MEMBER’S CHOICE® Guaranteed Asset Protection (GAP) and MEMBER’S CHOICE® Mechanical Repair Coverage (MRC) from a single platform, within Temenos LMS Origination.
Key Features
Directly Access the TruStage Calculator
On reaching the TruStage PAX screen, all pertinent loan, vehicle and member data is securely transferred and displayed directly within the system. Using the PAX coverage screen, the loan officer can obtain quotes using the different package options.
Retrieve Quotes and Print Documents
A simple “refresh” action, which can be done automatically in the system, pulls in the quoted product options, the cost, the status and any documents created. Documents retrieved for GAP and MRC from the TruStage Calculator are accessible within the system and can be printed along with all other loan documents at the end of the origination process.
Fulfill GAP and MRC Requests
PAX will continue to support the actual issuance process for GAP and MRC, and loan officers can continue to use PAX to quote and issue products after the loan event. The loanliner.com report manager will track and report on your sales.
Benefits
Increase Loan Process Efficiency
No longer do loan officers need to toggle between multiple programs during the loan origination process. In addition, PAX fields are pre-populated with information from Temenos LMS Origination, and all fees associated with GAP and MRC are included in the loan transaction automatically, reducing duplicate data entry and the likelihood of human error.
Boost Insurance Product Sales
The ability to quote GAP and MRC is built directly into the loan origination workflow, ensuring these products are referenced during every transaction and increasing the likelihood of a successful sale.
Provide Multiple Quotes At One Time
Using the connector, loan officers can create quotes for multiple pieces of collateral at one time as part of the loan origination process.
Monitor Performance
Using the powerful reporting functionality found in the Temenos LMS Origination, management can easily track and evaluate how often products are being quoted and fulfilled in order to make timely changes in strategy.”