Metavante Corporation, a provider of banking and payments technologies, has signed an agreement with AFC First Financial to provide a web-based consumer loan origination solution for its residential HVAC and energy efficiency home improvement loan programs.
AFC First Financial Corporation (AFC) will use CreditWorx, a complete point-of-sale (POS) loan origination solution, to provide quick financing decisions, improve origination efficiencies and contribute to AFC’s expanding consumer loan programs. Additional features and benefits include the ability to integrate extended warranty and service contracts easily at the POS, automated document preparation and call center support.
Peter Krajsa, AFC’s chairman and CEO, said: By joining forces with Metavante, one of the leading experts in executing indirect lending in vendor financing programs, we expect to significantly grow our consumer lending business.
Rick Arends, executive vice president of Metavante Lending Solutions’s retail finance unit, said: Our CreditWorx solution will provide AFC with a single, enterprise-wide platform for its consumer loan origination process. The technology is designed for information application processing, automated and manual decisioning and documentation preparation.