Anaheim, Calif.-based lender Gateway One Lending & Finance went live with a new loan-processing system, the Oracle Financial Services Lending and Leasing platform, in early January.
The decision to implement the system, which replaced another Oracle system known as Daybreak, was made back in 2013. The new system will allow Gateway One to keep abreast of rapidly evolving technologies, Chief Information Officer Marty Crowley told Auto Finance News last fall.
The platform, described as “end-to-end,” encompasses originations, servicing, collections, and asset management. According to Gateway One, it brings dealers and lenders closer together to deliver a better experience for the borrower. Crowley called the upgrade a great team effort, and one the IT department was happy to have in the rearview mirror.
