Inovatec Joins the Canadian Lenders Association

August 05, 2021 at 08:00 AM EDT

Major Loan Origination and Loan Management System Provider Will Collaborate With CLA's Lending Leaders

BURNABY, BC / ACCESSWIRE / August 5, 2021 / Inovatec Systems Corp., a provider of industry-leading cloud-based loan origination, management, and servicing solutions, announced it has joined the Canadian Lenders Association (CLA). The CLA 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, which will give these lenders additional insights into Inovatec's vision and strategy for streamlining lending processes. 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 this sector. Inovatec's integrated portal, 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 the 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," said Vladimir Kovacevic, chief executive officer and founder of Inovatec. "We are delighted to join the CLA and help lenders improve profitability and maximize efficiency through next generation solutions."

The Canadian Lenders Association advocates 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 the consumer 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," said Tal Schwartz, senior advisor at the CLA. "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."

About Inovatec

Inovatec Systems Corporation is committed to providing modern end-to-end solutions and improving outcomes for lenders in Canada and the USA. As an industry-leading provider of cloud-based lending solutions, Inovatec's suite provides businesses with a flexible and intuitive platform. Inovatec's success-based pricing disrupts standard practice by allowing lenders to only pay for the transactions they book-an industry first.

About The Canadian Lenders Association (CLA)

The Canadian Lenders Association supports the growth of companies that are in the business of lending, or providing other means of credit, to small businesses and individuals by non-conventional or innovative means to exchange ideas and explore ways of improving the sector; encourage principled and professional practices by Innovative Lenders; educate the public at large about Innovative Lending; encourage individual potential borrowers to be informed about the appropriateness of Innovative Lending to the borrowers' circumstance; and to advocate on behalf of, and represent the interests of Innovative Lenders.

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SOURCE: Inovatec Systems Corp.

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