Expert knowledge, best practices, and industry analysis from 40+ years of lending technology expertise. Stay ahead with insights from our team.
Mail billing statements, late notices, and compliance documents directly from Omega—with 2-day delivery, portal integration, and enterprise-grade security. Managing in-house print and mail operations is time-consuming, costly, and exposes your team to compliance risk.
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Mail billing statements, late notices, and compliance documents directly from Omega—with 2-day delivery, portal integration, and enterprise-grade security. Managing in-house print and mail operations is time-consuming, costly, and exposes your team to compliance risk.
Omega's bidirectional RDN integration now supports seamless case linking by case number, event-specific Opt-In notifications, and flexible task management—empowering lenders, forwarders, and agents with real-time repossession visibility.
Send any customer document for electronic signature directly from Omega—with ID verification, eVaulting, and real-time tracking. Paper-based signatures slow down originations, delay funding, and frustrate borrowers.
Staying compliant with evolving regulations is crucial for lenders. We're excited to announce that Omega now fully supports the new email communication requirements under Regulation F, giving you the tools to manage customer unsubscribe requests seamlessly.
Illinois lenders face specific state reporting and rate-cap rules. To make compliance easier, Megasys now includes a simple setting that requires Veritec processing for Illinois loans—so your teams follow the rules as part of their normal workflow.
In today's competitive lending environment, data isn't just information—it's your competitive advantage. Discover how advanced analytics can help you make smarter decisions, reduce risk, and improve borrower satisfaction.
Many subprime consumer lenders continue using legacy loan servicing systems under the belief that switching would be too expensive or disruptive. But in 2025, sticking with outdated systems may be quietly draining profits, increasing compliance risk, and hurting borrower satisfaction.
Join us at the MegaBash Conference in Newport Beach, CA from September 3-4, 2025. Our annual client conference featuring the latest Omega updates.
Customize Your Workflow with Omega's New Custom Forms Feature. This powerful new feature gives you complete control over your data collection, screen layouts, and form logic—without ever needing to write a single line of code.
OFAC Compliance Isn't Optional — Especially for Subprime Lenders. As a subprime lender, you're already navigating a complex regulatory environment, serving high-risk borrowers, and managing tight operational margins.
Join us at the LFA Conference in Orange Beach, AL from July 16-18, 2025. Connect with Louisiana finance professionals.
Join us at the RLNC Conference in Hilton Head, NC from July 14-16, 2025. Connect with North Carolina lending professionals.
Join us at the TCFA Conference in The Woodlands, TX from June 18-20, 2025. Connect with Texas consumer finance professionals.
Seamless Integration with the Military Lending Database Helps Protect Installment Lenders. The Military Lending Act (MLA) was established to provide additional financial protections for active-duty service members and their families by setting clear, standardized lending requirements.
Join us at the Alabama Installment Lenders Association Conference in Gulf Shores, AL from June 5-7, 2025. Learn about installment lending best practices.
Join us at the AFSA Independents Conference in Huntington Beach, CA from May 19-22, 2025. Connect with independent finance companies and learn about industry trends.
How Consumer Lenders Can Thrive in a High-Delinquency World. The economic tides are shifting—and subprime lenders are feeling the squeeze.
Six Essential Tips for a Successful Data Conversion! Are you considering switching software providers but feeling uneasy about data migration? Don't worry! With proper preparation, your data conversion can be seamless.
We are excited to announce our new partnership with TextThread, bringing seamless two-way SMS messaging directly into the Omega platform.
Join us for the CFSA Educational Workshop in Orange County, CA on March 20, 2025. Learn about compliance and best practices in consumer finance.
Best Practices for Reporting to Credit Bureaus. Accurate and timely credit reporting is crucial for lenders—it not only helps assess consumers' financial health but also plays a key role in improving their credit scores.
Is Your Loan Management Software Meeting Your Needs? The consumer finance industry is evolving rapidly, and staying competitive requires the right technology.
Join us at the AFSA Vehicle Conference in New Orleans, LA from January 20-23, 2025. Meet our team and learn about the latest in auto finance technology.
The year 2024 was a milestone for us, showcasing remarkable growth in our customer base, alongside several new features and partner enhancements aimed at further enhancing the Omega Loan Management System experience.
How Safe is Your Data with Your Loan Software Provider? Cyber threats, data breaches, and privacy violations—oh my! It's crucial for your company to implement internal procedures to safeguard your data.
Embracing online lending service options can provide numerous advantages, such as reaching a broader audience, enhancing customer convenience, and streamlining the application process.
Megasys is thrilled to be selected as a top leader in the auto finance industry for the 11th consecutive year!
2023 celebrated a successful year of customer base growth. This past year we added several new features and enhancements to improve the Omega Loan Management System experience.
Tired of manually running routine tasks? We're thrilled to announce a powerful new feature in the Omega base system: Automated Schedule Maintenance. This enhancement allows you to automate up to five manual Job Stream processes, saving your team time, reducing errors, and ensuring critical tasks run consistently.
Great news for lenders and servicers: the Omega Customer Portal is now bundled with the base Omega system. That means every Omega client can offer borrowers a modern, secure self-service experience—without add-on licensing.
We're excited to introduce a powerful enhancement to Omega's electronic payments: the ability to block transactions by funds type at the account level. This gives lenders more control, reduces payment risk, and streamlines operations—without adding complexity for your teams.
Megasys is excited to announce two executive promotions that strengthen our leadership team and position us for continued innovation and growth: Maite Vega has been promoted to Chief Operating Officer (COO) and John Fuhrer has been promoted to Chief Technology Officer (CTO).
We are pleased to announce that Megasys has successfully completed its SOC 1 Type 2 audit, conducted by independent accounting firm Elliott Davis. This achievement underscores our commitment to maintaining the highest standards of internal controls over financial reporting and data security.
Manage PassTime GPS devices, track assets, and streamline account setup directly within Omega Originations and Servicing. Asset visibility and collateral protection are critical for lenders managing high-risk portfolios.
If you're looking to boost sales, increase customer satisfaction, and offer more flexible financing, Omega now supports Same-as-Cash (SAC) contracts for both direct and indirect loan types. With Same-as-Cash financing, customers can avoid interest charges by paying the balance in full by a specified promotional deadline.
Accept ACH, online, and IVR payments with automated reconciliation and PCI-compliant security—powered by Paymentus. Modern borrowers expect flexible, convenient payment options—and lenders need efficient, secure processing.
Accept real-time ACH, check, credit, and debit card payments by phone and online—powered by PaymentVision. Efficient payment processing is critical to maintaining healthy cash flow and reducing delinquency.
Omega is excited to announce our partnership with PayNearMe, the industry's only platform that facilitates cash, debit, credit, and ACH payments through a single, mobile-first solution. With PayNearMe, lenders can meet borrowers where they are—whether that's at a 7-Eleven, online, or via mobile—and post payments to Omega accounts in real time.
Recognized leadership in the subprime and auto finance space
Megasys dominates the auto finance space with industry recognition
40+ years of proven success and innovation in lending technology
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