The $4.9 billion First Tech Credit Union in Palo Alto, Calif., and Portland, Ore., will soon be using the enterprise loan origination solution from Akcelerant Software LLC.
The 330,000-member credit union already has been a longtime user of the Akcelerant Framework for collections and will now manage its lending process on the same platform, the company and credit union said.
First Tech’s recent merger partner, Addison Avenue Federal Credit Union, was an early adopter of the system.
“The functionality of Akcelerant’s loan origination system, combined with their commitment to ensuring that we can deliver on the vision First Tech has for its consumer lending program, made Akcelerant the clear choice for partnership,” said Brian Hamilton, vice president of consumer lending at First Tech.
Akcelerant said it now serves approximately 500 financial institutions across the United States and Canada and has offices in Malvern, Pa., and Vancouver, B.C.