Core Insights - Origence has expanded its indirect auto financing solutions with eContracting for CUDL, aimed at digitizing the contract process for credit unions, enhancing efficiency and convenience in car-buying [1][3] - The 2024 Auto Finance Digital Transformation Index by Wolters Kluwer indicates a significant increase in the adoption of eContracting, with a 37% year-over-year rise and a 138% increase over four years since 2020 [2] - eContracting addresses challenges faced by credit unions, such as errors in manual contracts and slow funding processes, by streamlining document creation, signing, submission, and storage, thereby improving accuracy and operational efficiency [3][4] Company Overview - Origence, established in 1994, provides essential lending technology solutions for credit unions, having processed over 97 million applications, including 8.6 million in 2024 [5] - The company focuses on enhancing the total origination experience for credit unions through various solutions, including indirect lending and loan origination [5]