FOR IMMEDIATE RELEASE
Affordit Technology to Integrate with Vibrant Credit Union
Vibrant Credit Union selects Affordit to help improve loan applicants’ financial wellness
TAMPA, FL. September 21, 2020 –Tampa’s hottest financial technology (fintech) startup continued its momentum, adding Vibrant Credit Union (Vibrant) as a client that will integrate the company’s patent-pending technology into its lending process. The Affordit technology will enable loan officers at Vibrant Credit Union to optimize a customer’s financial wellness and better assist customers in securing the capital they need. This helps customers access loans and provides an opportunity for increased business opportunities to the Vibrant lending team.
“Vibrant is excited to partner with Affordit to drive even more value for our members and communities,” said Josh Ernst, Chief Banking Officer for Vibrant. “Affordit’s solution will assist Vibrant in efficiently building deeper relationships.”
Originally founded in 1935 as Deere Harvester Credit Union, Vibrant is a member-driven and member-focused not-for-profit financial institution with 11 branches across Illinois, Iowa and Indiana. By integrating the Affordit Solution Based Outcome™ Report and Wallet Genie into its Loan Origination Software (LOS), Vibrant loan officers will have access to this innovative and proprietary software.
The Affordit technology makes the approval process for loans more effective for both financial institutions and applicants. In a matter of seconds, with no additional data entry requirements, Affordit’s technology produces a patented report that includes real, actional steps applicants can take to improve their financial wellness, along with assisting the loan officer in identifying the best loan options possible.
“Vibrant Credit Union has such a strong dedication to its members, which is why our technology is a good fit,” Affordit CEO and Founder Kevin O’Brien said. “The Affordit Solution Based Outcome Report will further strengthen their relationships with existing members as well as help to attract new clients because it provides loan applicants with options to improve their financial wellness and obtain a loan that meets their needs.”
Affordit is a fast-growing fintech company focused on improving the financial wellness of people seeking access to capital. Located in the Tampa Bay area’s technology hub, Affordit utilizes the region’s access to high-tech talent and world-class academic institutions to further fuel secured partnerships and client relationships with banks, credit unions and lending platforms.
Founded in 2018, Affordit makes lending more transparent and solution focused so people can better their lives financially. The patent-pending technology easily connects to existing loan origination platforms and analyzes credit to provide actionable solutions to optimize the customer’s credit profile.
Learn more at Affordit.com.