Lending Solution Vendors in the U.S.

by Isabella Fonseca, March 28, 2003

Abstract

Boston, MA, USA March 28, 2003

US Lending Solution Vendors

In a new report, Celent Communications examines the leading Internet lending and loan origination systems in the U.S. market.

In a new, 54-page report, ,

Celent Communications analyzes the solutions of five leading Internet lending vendors and eight loan origination systems. In addition, the study highlights the various key market trends shaping the lending technology market and explore opportunities in the banking and the credit union marketplace. The vendors included in the study are shown in Table 1.

Top Lending Vendors

"Although the online lending market is in its early stages, financial institutions have realized the advantages of adopting Internet-based lending systems," says Celent analyst

Isabella Fonseca, lead author of the report. "Banks and credit unions are migrating to Internet-based technology and creating an open and flexible infrastructure to support multiple channels and business lines to better manage customer relationships." A is available online.

Internet Lending  Systems

Loan Origination  Systems

APPRO ALLTEL Harland Financial
CUNA Mutual APPRO Symitar
Digital Insight First American CMSI X/Net
FundsXpress Fiserv  
Lending Solutions  FundsXpress  
Source: Celent Communications

of Celent Communications' Retail Banking research service can download the report electronically by clicking on the icon to the left.  Non-members should contact info@celent.com for more information.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

 

Boston, MA, USA March 28, 2003

Lending Solution Vendors

Return to report Abstract

 

EXECUTIVE SUMMARY 3
INTRODUCTION 4
TECHNOLOGY OVERVIEW 5
  Elements of a Retail Lending System 5
  Support for Multi-Channels 6
MARKET OPPORTUNITY 7
  Banking Market 7
  Credit Union Market 12
ONLINE LENDING SYSTEM VENDORS 16
  APPRO 16
  CUNA Mutual 18
  Digital Insight 21
  FundsXpress 25
  Lending Solutions (LSI) 26
INTERNET LENDING SYSTEM: COMPARISONS 29
LOAN ORIGINATION SYSTEM VENDORS 30
  ALLTEL 30
  APPRO 33
  First American CMSI 33
  Fiserv 35
  FundsXpress 42
  Harland Financial Solutions 42
  Symitar Systems 45
  X/Net Associates 46
LOAN ORIGINATION SYSTEMS: COMPARISONS 49
FUTURE OUTLOOK 52

 

        

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