Akcelerant Adds Arizona Federal Credit Union as New Loan Origination Customer

Akcelerant, a provider of connected software technology to the financial services industry, has expanded its relationship with Arizona Federal Credit Union, a Fiserv DataSafe user with $1.4 billion in assets and over 200,000 members, to include the use of its new loan origination system.

Akcelerant and Arizona Federal began their relationship in 2006 when Arizona Federal signed on to use the Akcelerant Framework for collections. Since then, Arizona Federal has added Akcelerant’s member service product and will now use the Akcelerant Framework for a third purpose – to streamline the complex processes associated with loan origination.

In 2010, Arizona Federal began seeking a new lending platform, and after evaluating a number of industry-leading loan origination software alternatives, the company was impressed by Akcelerant’s innovative technology approach and the platform’s powerful decisioning, reporting, workflow and configuration features. Also attractive was the Akcelerant Framework’s strategy of leveraging one platform to manage and provide visibility across multiple business areas, such as lending, collections and member service, a feature unmatched by industry competitors.

“The robust loan origination features found in the Akcelerant Framework, along with the platform’s ability to manage multiple business units, was ultimately what lead us to select Akcelerant as our vendor of choice,” states T.J. Shoemake, senior director of consumer lending at Arizona Federal Credit Union. “We saw immediate value in a number of features, especially the ability to easily modify, create and adapt business rules to match our current underwriting policies.  Also, using the Akcelerant Framework to drive both lending and collections from one platform will help communication flow more clearly between our two departments and provide insight into which decisions lead to new or greater risk.”

“By combining lending with collections, member service, and multiple integrated service providers all through the Akcelerant Framework, Arizona Federal will see increased efficiency, as well as new opportunities generated through a single platform strategy,” states Jay Mossman, president & CEO of Akcelerant. “Arizona Federal is a forward thinking financial institution and has been an Akcelerant power-user for years.  We are honored to have been selected as their loan origination software provider.”

Akcelerant, with offices in Malvern, Pennsylvania and Vancouver, British Columbia, provides connected software applications to the financial services industry through multiple product lines and integration to best-of-breed service providers.