ONTARIO, Calif. (9/10/13)--CUDL, which administers an auto lending network for credit unions, has completed dealer management system (DMS) integration of its lending system with Open Dealer Exchange (ODE), along with its parent companies,' ADP and Reynolds and Reynolds, Dealership Management Systems. CUDL network is comprised of more than 1,000 credit unions and 10,000 auto dealers.
As a result of the integration, CUDL offers direct credit application integration for ADP and Reynolds & Reynolds users from the dealer's DMS directly to the CUDL lending system. With the direct connection from Open Dealer Exchange, CUDL says it has improved processing efficiencies for their credit union partners and members.
"The success of any new dealer-facing solution is measured by those whom are intended to use it: the dealers," said Steve Luyckx; Open Dealer Exchange general manager. "The ODE-CUDL relationship is delivering workflow solutions that enable efficiencies to many lenders who in turn service many more dealers."
The integration between CUDL and ODE provides dealers with the ability to send application data to CUDL from their DMS, and be able to send application data from CUDL back to their DMS. As a result, the marketplace now has a solution that provides two-way integration capabilities, eliminating double entry of application data, and further streamlining the entire application process for both dealers and credit unions using the CUDL system.