Best-in-Class Lending 360 LOS to Help Six Credit Unions Improve Efficiencies and Loan Processes for Increased Lending
CU Direct, the nation’s leading developer of lending software technology to the credit union industry, has announced that six more credit unions are implementing the company’s Lending 360 comprehensive account and loan origination system (LOS). More than 100 credit unions are now leveraging the lending platform to drive both loan efficiencies and originations.
The credit unions that have partnered with CU Direct to implement Lending 360 are:
- Corporate America Family Credit Union (67,915 members, $602.5 million in assets)
- Richfield-Bloomington Credit Union (21,759 members, $283.2 million in assets)
- First Financial Credit Union (8,909 members, $86.5 million in assets)
- FedFinancial Federal Credit Union (6,338 members, $78.8 million in assets)
- Las Colinas Federal Credit Union (10,164 members, $71.9 million in assets)
- Goetz Credit Union (9,928 members, $56 million in assets)
As an industry-leading, comprehensive account and loan origination system, Lending 360 offers dynamic features that streamline the entire loan application process, giving credit unions the ability to greatly enhance loan officer efficiency and member experience. As a result, credit unions and CUSOs gain a true competitive edge by increasing efficiency and productivity, improving overall lending performance.
“We chose Lending 360 in large part for its proven robust loan origination capabilities and for the ability to provide membership enrollment as part of the same platform,” stated Andy Bowen, vice president of technology for Elgin, Illinois-based Corporate America Family Credit Union. “The system’s visual workflow and visual rule-building functionality will help our business units design and review processes without the need to work with code. Bottom line, CU Direct’s lending solution provides us with a significant opportunity to increase our productivity, reduce operating expenses and improve efficiency,” concluded Bowen.
The Lending 360 System’s powerful, and configurable, workflow engine provides credit unions with a single platform that automates loan application processing activity across all consumer lending channels.
“CU Direct is committed to assisting credit unions improve their member experience through innovative technologies,” noted Brit Barker, vice president of sales at CU Direct. “We’re excited to be working with these new credit union partners, helping them gain a competitive edge in the marketplace, and greater market share, by leveraging our platform’s capabilities.”