How you can improve auto lending with the power of AI

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Inside the fall edition of Perspectives magazine, you’ll find articles from preeminent thought leaders to keep you well-versed in the developments, news, and insights of today’s credit unions. David Adams, SVP lender client experience for Origence, writes about how to improve auto lending with the power of artificial intelligence.

“Even credit unions, typically known for their consumer-friendly approach, face hurdles in the realm of indirect lending,” Adams writes. “However, a promising solution has emerged. Credit union leaders now have the chance to harness the power of modern loan origination systems (LOS) that seamlessly integrate with artificial intelligence-driven lending tools.”

Adams goes on to say, “Previously reserved for larger financial institutions, AI-powered lending tools are now accessible to credit unions of all sizes. By embracing these technologies through a modern LOS, credit unions can drive efficiency, offer competitive loan terms, and expand access to credit. This transformation isn't just a matter of achieving mission goals; it's essential for staying competitive in a dynamic lending market.”

Get more of Adams’ insights in Perspectives, beginning on page 19.