TMGFinancial Services has teamed up with CU Direct Corp. toprocess new credit card applications.
|As a result of the agreement, the Des Moines, Iowa-based TMGFS,a credit card issuer, will be implementing CU Direct's loanorigination system, Lending 360.
|By using Lending 360, the Ontario, Calif.-based CU Direct said TMGFS will significantly improve the workflowsassociated with originating, underwriting, and processing newcredit card applications.
|With over $135 million in assets, TMGFS serves nearly 60financial institutions and member-based associations servicing morethan 65,000 card members, according to CU Direct.
|“We expect Lending 360 will integrate seamlessly into ourday-to-day operations, which will allow us to continue deliveringthe top-notch service our partners expect,” said Eric Schurr, vicepresident of credit and risk for TMGFS.
|According to CU Direct, TMGFS expects implementation of Lending360 to be completed during the third quarter of this year.
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