Auto Financial Group Signs Integration Agreement with MeridianLink
Auto Financial Group has announced a strategic integration agreement with MeridianLink (NYSE: MLNK). This collaboration aims to enhance the implementation of AFG's Balloon Lending Program within MeridianLink's loan origination system. The integration is designed to improve the loan origination process by streamlining workflows, minimizing errors, and ensuring real-time information updates between both platforms. This partnership will ultimately enable financial institutions to offer a more efficient solution for customers seeking AFG loans, thereby reinforcing AFG's mission to provide innovative financing products.
- Integration enhances efficiency of AFG's Balloon Lending Program.
- Streamlines loan origination process for financial institutions.
- Real-time updates between systems reduce errors and increase productivity.
- None.
HOUSTON, Nov. 1, 2022 /PRNewswire/ -- Auto Financial Group (AFG), announced today that it has signed an integration agreement with MeridianLink, Inc.® (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies. This partnership further reinforces AFG's mission to pursue innovative solutions that help our clients streamline their workflows.
With this integration, AFG's Balloon Lending Program will be even easier to implement for financial institutions using MeridianLink's loan origination system (LOS). The loan origination process will be more efficient, and users will not need to toggle between two platforms, increasing productivity and minimizing errors. Information will be updated automatically between both systems, keeping all loan documentation in sync and up to date.
"With this integration, financial institutions using MeridianLink will be able to originate AFG loans seamlessly, providing a responsive and straightforward solution for customers." says Richard Epley, CEO of Auto Financial Group.
Learn more about AFG's programs at https://www.autofinancialgroup.com/products/
Auto Financial Group (AFG), a Houston-based company, provides an online, residual based, walk-away vehicle financing product called AFG Balloon Lending, as well as vehicle leasing and vehicle remarketing to financial institutions across the United States.
AFG's residual based financing solutions provide the advantages of lower payments, flexible terms, in the case of the balloon loan, actual ownership of the vehicle and several end-of-term options, including the option to surrender the vehicle and walk away in lieu of paying the final loan payment. The financial institution receives higher loan yields, a competitive residual based financing alternative, and AFG manages the entire end-of-term process.
The AFG Remarketing program is a proven solution for financial institutions that offers the greatest financial return to their clients by matching assets to the selling network with the greatest number of buyers.
For more information about AFG call toll free at 877-354-4234, or visit www.autofinancialgroup.com
MeridianLink® (NYSE: MLNK) is a leading provider of cloud-based software solutions for financial institutions, including banks, credit unions, mortgage lenders, specialty lending providers and consumer reporting agencies. Headquartered in Costa Mesa, California, MeridianLink provides services to more than 1,900 customers, including a majority of the financial institutions on Forbes' 2021 lists of America's Best Credit Unions and Banks. Further information can be found at www.meridianlink.com.
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SOURCE Auto Financial Group
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