In the highly competitive auto lending arena, speed is a critical deciding factor in funding more loans. CU Direct recently conducted a study of indirect auto loan applications submitted through its CUDL Platform, and found that the probability of funding increased as much as 63% when applications received an instant approval versus referred then manually approved. The same study also revealed that nearly two-thirds of credit unions had their decision engine configured to approve less than 10% of their indirect applications. Request this white paper to discover more
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