ONTARIO, Calif. (7/23/13)--Credit card issuer TMG Financial will use CU Direct's Lending 360 Loan Origination platform to process credit card applications under a new agreement.
With more than $135 million in assets, Des Moines, Iowa-based TMG Financial Services serves nearly 60 financial institutions and member-based associations servicing more than 65,000 card members.
"As a growing business, we are continually looking for solutions to complement and make our operations more efficient," said Eric Schurr, TMG vice president of risk and credit. "Our partnership with CU Direct provides access to an impressive tool that will ultimately strengthen the decision-making processes associated with processing new credit card applications." He expected Lending 360 will integrate seamlessly into TMG's day-to-day operations.
CU Direct's Lending 360 loan origination platform offers a workflow engine that will provide TMG and its partners with a lending platform to fully support credit card application processing.
TMG expects implementation to be completed during the third quarter.