Northteq, a provider of Salesforce loan origination solutions, and FinWise Bank, a subsidiary of FinWise Bancorp, launched Northteq’s Aurora Loan Origination System (LOS) to support FinWise’s nationwide expansion into the equipment finance industry.
The Aurora LOS implementation adds immediate efficiencies as it transformd FinWise’s manual two-hour credit adjudication process to a fully automated experience. FinWise and Northteq worked side-by-side to establish new LOS workflows, including a no-touch credit adjudication process, key integrations for compliance and regulatory requirements and a white-labeled partner portal.
“We trusted Northteq from the beginning,” Chris Morell, vice president of equipment finance at FinWise, said. “We explained the bank’s vision and the desire to expand our equipment finance footprint beyond our existing customer base. Kristian, Bryan and the Northteq team understood our needs right away. We were able to work together to build a sustainable solution that will scale and grow with our business for years to come.”
Innovative technology is a foundational element of everything we do at FinWise,” Morell said. “We are all thrilled with the product Northteq was able to provide, from our employees that interact with the platform every day all the way up to our Board of Directors.”
“It’s humbling and inspiring to see the impact our work has already had on the FinWise team,” Kristian Dolan, CEO and founder of Northteq, said. “I truly believe we helped support their vision to drive innovation powered by wisdom. Their focused investments in technology not only provide a thoughtfully designed, enhanced user experience but also revolutionizes how quickly they can do business.”
