The LIFT network provides franchise auto dealerships and Market Leading Credit Unions with what they need actually work as a team. Dealerships get instant payment from CU Buyers along with a stream of qualified CU member buyers delivered to their lot, while credit unions are assured their loans will not be "flipped". Most importantly, Member auto buyers receive a frictionless auto buying experience.
Members enjoy a faster, simplified auto buying experience using the FastPass mobile app.
Participating dealerships receive qualified referrals and get paid in near real time.
The FastPass app is connected to the LIFT network, a proprietary closed-loop payment network.
"Funding as a Service" means that you do not have to change any of your auto lending procedures.
"Funding as a Service"tm– the process that allows credit unions to pay franchise auto dealerships faster to achieve the objective of booking the majority of approved automobile loans direct.
CU LIFT Fund, LLC – the CUSO that operates the business enabled by the exclusive LIFT FaaS platform, the first-ever platform of its type in the auto lending space.
FastPass® – the consumer mobile app and the LIFT consumer-facing brand. For example, dealers will place a FastPass® Accepted Here sticker on their front window much like they would a sticker for a particular credit card brand.
LIFT network tm – The closed-loop payment network that has been developed to move loan proceeds from credit unions to auto dealers instantly.
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