Lending

Integrated Lending Technologies is bolstering its Dealer Indirect Lending and Leasing System loan origination platform with some document management tools from Wolters Kluwer Financial Services, the companies said.

The Small Business Administration should delegate less decision-making power to lenders in a key government lending program an official of the Government Accountability Office told lawmakers yesterday.

Southwest Corporate Federal Credit Union is making available to credit unions a white paper that examines how market spreads impact relative asset value. A PDF copy is available for download on Southwest Corporate's Web site, www.swcorp.org.

Credit unions and banks lost a key round in the fight over control of student loans last week when a House committee voted for an Obama administration plan to replace the Federal Family Education Loan Program with direct student lending

A commercial lending and leasing referral program targeted at credit unions by CIT Group Inc. and MicroBilt Corp. was terminated due to a lack of interest.

Troy Martens, vice president of consumer and real estate lending at Truliant Federal Credit Union, jokes that five years ago, area Realtors knew Truliant more as a place to go for car loans than for mortgages.

Creditors' concerns with the SBA and getting more credit unions to participate in the agency's loan programs were among the topics at a recent roundtable.

Credit Union Student Choice has announced a new marketing partnership with Overture Technologies.