[May 15, 2015]

defi SOLUTIONS Acquires OpenRule Systems

defi SOLUTIONS announced the acquisition of Grapevine, Texas-based OpenRule Systems APM (News - Alert) (Application Process Manager). The two companies will combine to create an even stronger technology team to serve lenders seeking flexible and affordable loan origination technology.

"defi SOLUTIONS and OpenRule were founded with the same goal in mind, to provide lenders with a level of freedom they don't have with other LOS providers," said Stephanie Alsbrooks, defi SOLUTIONS CEO and founder. "By combining forces with OpenRule, defi can offer even more functionality to current and future customers."

According to Alsbrooks, the company plans to quickly integrate the features and functions of APM into a single, powerful defi system. The new combined defi SOLUTIONS system will offer lenders:

• Automatic upgrades and key feature enhancements
• Increased support from a combined and larger defi team
• Fully configurable settings to allow for easy changes to programs, processes and integrations
• Quick access to more than 30 pre-integrated credit bureaus, valuation services and servicing providers
• Access to alternative credit data offered via existing integrations with ID Analytics, FactorTrust, TransUnion, CreditSmarts and more

"We look forward to working with the OpenRule team to integrate the many great features of APM that their customers enjoy today," said Alsbrooks. "During this initial migration to the defi family, we want OpenRule customers to rest assured that we ae focused on their needs and coming together in a seamless fashion so they can even more easily overcome the challenges they face when attempting to balance technology, compliance, and risk operations."

The OpenRule team has re-located to the defi headquarters, also located in Grapevine. The combined teams will be on the road for the next several weeks, meeting with customers and completing plans for integration.

"We see joining the defi team as an opportunity to advance our functionality and scalability through a hosted technology solution while still offering all the critical support and functionality our customers count on with APM," said Kevin Perkins, Technology Director, OpenRule APM (now Technology Director with defi SOLUTIONS)

To find out more about the robust defi LOS, visit the defi SOLUTIONS booth at either the upcoming Auto Finance Compliance & Auto Finance Risk Summit 2015, May 18-19, in San Diego, California, or the National Automotive Finance (NAF) Association Non-Prime Financing Conference, May 27-29, in Plano, Texas.

About defi SOLUTIONS

defi SOLUTIONS provides the only leading edge, browser-based loan origination system (LOS) that is completely configurable by lenders. The defi system allows auto lenders to manage the application lifecycle from a single, highly flexible platform. The defi LOS is affordable, scalable and easily accessible from mobile devices. To schedule a demo of the defi SOLUTIONS system, visit defi SOLUTIONS online at www.defiSOLUTIONS.com.

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