SOURCE: rateGenius


December 16, 2013 10:56 ET

rateGenius Collaborates With Experian to Re-Engineer Auto Loan Recaptures

AUSTIN, TX--(Marketwired - December 16, 2013) - rateGenius is announcing the launch of the member-based, auto refinance program CU Recapture -- the result of a year-long collaboration effort with Experian, the leading global information services company. The CU Recapture program combines Experian's vast data assets and expertise with rateGenius' 14 years of auto loan experience to provide a turnkey service which allows small to medium credit unions grow their loan portfolios by recapturing their members' auto loans. With rateGenius' demonstrated high closing rates, efficient fulfillment service and streamlined end-to-end process, there is often no need to hire additional staff from the increased loan volume. The credit union then benefits from a high performing portfolio provided from the CU Recapture program. 

Based on a pay-for-performance model, CU Recapture will incorporate rateGenius' loan services and a targeted, sophisticated marketing program. rateGenius' loan services collect all applications for approval by lender. Once approved, rateGenius loan officers close the recapture loan, provide document fulfillment, complete all title work, and deliver consistent, complete and clean document packets to you.

CU Recapture is also offered as a marketing services option to process your member lists though the proprietary CU Recapture system. rateGenius will work with you to design your communication piece, print, and distribute both standard mail and email communication to your targeted members. The members will be directed either to your Website, to your call center or both for the credit union to handle the application, loan closing, fulfillment and title processes.

CU Recapture leverages more than a decade of experience in automotive loan services, combined with Experian's superior data and analytics to help identify the most creditworthy borrowers and enable automotive lenders make successful lending decisions.

About rateGenius

The rateGenius group of companies includes rateGenius Loan Services, Inc., a nationwide, web-based automobile refinance loan broker, which hosts a virtual marketplace to bring together qualified borrowers and its network of more than 200 competitive lenders to save consumers money by refinancing their auto loans at more favorable terms. rateGenius Insurance Agency, Inc. is a quickly growing independent agency, which brokers policies for multiple national providers. rateGenius also provides loan origination software and mobile loan application products in a SAAS model through financeGenius, Inc. Headquartered in Austin, Texas, rateGenius was recently named as one of Austin's fastest growing companies.

Contact Information

  • Media Contact:
    Molly Bragg
    LinkedIn: rateGenius Inc.