CU Direct Unveils New Lending Insights 4.0 Platform During GAC

Lending Insights 4.0
End-to-end loan portfolio management platform helps credit unions increase profitability and efficiency, drive business decisions, and maintain a competitive marketplace edge.

Washington D.C. | February 27, 2017

CU Direct, the nation’s leading lending technology and automotive solutions provider for credit unions, has launched the next generation of its Lending Insights loan portfolio management platform. Recognized as the industry standard when it comes to harnessing data for competitive advantage, Lending Insights 4.0 provides credit unions with best in class portfolio analytic tools to manage risk, meet regulatory requirements, increase profitability, and optimize loan portfolio performance.     
CU Direct credit unions are realizing the power and value of loan portfolio analytics, well beyond traditional risk management and regulatory compliance, with tools that improve overall portfolio management and performance.
The next generation Lending Insights offers a full-spectrum solution that tracks lending performance and trends against a credit union’s goals, as well as provides vital branch management tools, detailed drill-down capabilities to assess performance by portfolio segments, static pool analysis of portfolio loss, delinquency and repayment, and market intelligence tools to benchmark the credit union’s performance against other lenders.
The new platform marries application and loan performance data to provide clear insight of the loan relationship from beginning to end. The platform combines origination and performance attributes to predict default probability for individual loans. Credit unions that practice advanced risk-based pricing will benefit from the ability to competitively price their loan products, from auto and mortgage loans, to student and member business loans.
“Lending Insights 4.0 is more intuitive than the previous version, notes Ellen Yacovone, vice president of lending and collections at Tucson Federal Credit Union.  “The displays are easy to read, excellent graphics, and there’s a wealth of information at our fingertips.  Lending Insights gives me the tools I need to stay on top of our loan performance.”
With the complex issues facing credit unions over the next year, it’s vital that lenders have the ability to make better, faster decisions.  Indirect auto lenders need to effectively manage individual dealer relationships, allowing decision makers to monitor real-time performance metrics.  Lending Insight’s Dealer Performance Scorecard helps business development managers leverage the most profitable dealer relationships and eliminate emerging risks.
With significant regulatory changes on the horizon, credit unions must respond with much deeper analytics on their portfolio than in the past. Predictive analytics, essential to CECL compliance requires robust data management and visualization.
Lending Insights 4.0 provides onboard default probability modeling and pricing guidance to support accurate lending decisions and precise pricing.   Traditionally, business intelligence platforms have relied on the end user to input correct and accurate data. In the new Lending Insights, CU Direct has developed an alternative to this potentially problematic bottleneck. Users begin with clean, normalized and reliable data from CU Direct’s internal loan portfolio.
“With today’s highly competitive and regulated marketplace, our clients recognize the need to look closely at how they manage their lending programs,” notes Michael Cochrum, vice president of analytics and advisory services at CU Direct.  “Lending Insights streamlines a wealth of data, while improving performance and putting actionable data at our customer’s fingertips. With the credit union movement on the cusp of major regulatory changes, we want to ensure our credit unions are prepared with solutions that help them remain compliant, while being successful.  Lending Insights provides dynamic lending analytics tools that can help credit unions better mitigate risk, find new growth opportunities, and appease regulators.”