BIRMINGHAM, Ala. -- Credit union data processor EPL has entered into a partnership with Indirect Lending Technologies, LLC, which will allow it to offer the DEALER INDIRECT LENDING AND LEASING SYSTEM product, or DILLS, to its clients.
DILLS is an Internet-based solution for managing secured indirect lending, which includes an automated credit decisioning system and its own dealer application. It is also integrated with the Internet applications most widely used by dealers, allowing credit unions access to most dealers with an Internet connection.
"Lenders will often grant the loan to the financial institution that gives them the affirmative answer the quickest and utilizing the channel they require. That's why DILLS is important to EPL; to help credit unions compete and succeed in the indirect lending game," said Todd Proulx, vice president of business development for EPL.
EPL is wholly owned by credit unions and serves hundreds of CUs nationwide.