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Credit Unions Get a Boost to AI Adoption with AI-Automated Underwriting Test Drive

Zest AI and Origence present Test Drive
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Credit unions of all sizes using Origence’s arc OS platform can now experience the benefits of Zest AI credit underwriting technology

Irvine, CA, March 7, 2024Origence, the leading credit union lending technology company in the U.S., and Zest AI, the leader in AI-automated underwriting, announced today that all Origence arc OS customers can get trial access to accurate, inclusive AI underwriting for their auto portfolios. Experiencing the benefits firsthand, in a seamless way through their arc OS platform will give credit unions faster, clearer visibility how they can benefit from AI adoption. 

This 90-day AI test drive builds on the momentum of Zest Auto, the AI-automated underwriting model for credit union automotive lenders, available exclusively through Origence, an investor in Zest AI. Zest Auto was first announced in May 2023. Together, Origence and Zest AI enable credit unions to access more accurate lending insights and automate their decisioning to provide better member and dealer experiences and create more durable lending businesses.

“We’re very excited to expand on our success with the Origence team,” said Mike de Vere, CEO at Zest AI. “This partnership has proven valuable to our shared clients, and we hope that this unique ability to test drive the technology will open doors for folks who are excited to try AI in their organizations.”

The 90-day, no-obligation trial is being offered at no cost to Origence clients interested in seeing the benefits of AI-automated underwriting for their institutions. Preliminary results from Zest AI show a 25+ percent lift in approvals, a 20 percent reduction in risk, and an achievement of 80 percent auto-decisioning. AI-automated underwriting applies policy equitably, reducing the risk of inconsistent practices. Participating lenders will see results specific to their institution using their own data. Sign up for this exclusive offer available to Origence arc OS customers for a limited time, effective immediately through the end of Origence’s Lending Tech Live conference on June 27, 2024.

“With Zest Auto, implementation took no time at all and required very little from our team outside of input. Implementing Zest has allowed LincOne to ramp up our efficiency like never before. LincOne is on track to increase our decisioning automation by 156% in just the first few months,” said Terry Zitkovich Jr., chief lending officer at LincOne Federal Credit Union.

Origence and Zest AI launched an official partnership in July 2022, offering Zest AI’s automated underwriting technology to credit unions using Origence arc OS.

“This partnership represents the continuation of a successful relationship between Zest AI and Origence. Expanding access to our mutual credit unions allows them to improve their lending performance,” said Tony Boutelle, Origence’s president and CEO.

More than 1,100 credit unions serving 70 million members nationwide utilize Origence’s industry-leading lending technology solutions, including arc OS, arc DX, arc MX, indirect lending, and support services from Origence Lending Services and new subsidiary, FI Connect. In 2023, Origence funded more than $59 billion through its technology solutions.

Lenders interested in a trial of Zest can submit their information to request the free trial.