Inovatec Systems, a provider of cloud-based loan origination, management and servicing solutions, joined the Canadian Lenders Association, which is comprised of more than 170 companies representing Canadian lenders in categories such as auto, consumer, home and mortgages.

Many of Inovatec’s current clients are existing CLA members. The CLA also manages a roundtable of automotive lending executives, which will give Inovatec an opportunity to directly collaborate on ideas and innovations that will benefit the sector. Inovatec’s LOS (loan origination system) and LMS (loan management system) allow companies to automate the lending process while creating a differentiated user experience that is customized to a lender’s individual business model.

“Inovatec is always interested in engaging with the market and developing new solutions that will have a tangible and sustaining impact on our customers,” Vladimir Kovacevic, CEO and founder of Inovatec, said. “We are delighted to join the CLA and help lenders improve profitability and maximize efficiency through next generation solutions.”

The CLA supports the adoption of innovative technology and business models designed to drive the future of lending in Canada. The association works with a range of financial services providers throughout the country and with provincial and federal governments to develop standards that benefit both consumers and the economy.

“We welcome Inovatec into our organization as a well-respected member of the Canadian lending community. Their solutions are embraced by many members in the automotive sector, and we expect that other lenders will find their strategies and solutions equally beneficial,” Tal Schwartz, senior advisor at the CLA, said. “We look forward to collaborating with Inovatec so that we can collectively elevate best practices within the industry and serve the needs of our members.”