“We really did that as a hedge,” Mossman explained. “When the economy tanked obviously our business picked up. Many credit unions needed collections software then. However, we expected the downturn would not last forever and we needed something to offer when the economy came back and credit unions needed to lend again.”

PSECU was one of those credit unions, Mossman said. Originally a user of its collections product, the credit union had been pleased enough to choose Akcelerant for its lending platform too, Mossman added.

He also explained that moving from collecting on delinquent loans to originating new ones, from the point of view of software writers, isn't that different. The strength of Akcelerant's collection software was in its customizable business rules, which allowed credit unions much leeway when structuring their collections operations, Mossman explained. Those business rules had been tailored to fit lending systems, he added.

“Akcelerant has once again produced a high-caliber software product, and over the last 15 years, we have seen them rise to meet and surpass expectations from their customers,” PSECU Assistant Vice President of Lending Andrew Coy stated.

“PSECU's main focus is to provide an exceptional member experience, so we were impressed with the Framework loan origination solution's endless ability to customize both the user and member experience,” he added. “Our strong history with Akcelerant, as well as the extensibility of their platform, gave us confidence in expanding our collaboration. We look forward to making use of all of the flexible and integrated functionality the software has to offer.”