Six Credit Unions Leverage CU Direct’s Lending 360 Loan Origination System to Streamline Loan Originations
Ontario, California | July 17, 2018
CU Direct, the nation’s leading credit union lending technology developer, has partnered with six credit unions to implement Lending 360, the company’s comprehensive account and loan origination system (LOS). More than 110 credit unions are 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:
- Dort Federal Credit Union (85,209 members, $822.8 million in assets)
- TAPCO Credit Union (29,413 members, $368.8million in assets)
- HEB Federal Credit Union (14,861 members, $173,6million in assets)
- SunWest Educational Credit Union (11,646 members, $132 million in assets)
- Sierra Pacific Federal Credit Union (9,115 members, $127.3 million in assets)
- Metro Credit Union (Missouri) (6,388 members, $59.3 million in assets)
The highly intuitive LOS provides credit unions the ability to drive more loans and account openings faster and more efficiently, while improving the member experience throughout the loan application and approval process. Credit unions and CUSOs gain a true competitive edge by increasing efficiency and productivity, improving overall lending performance.
“Our extensive RFP process during our LOS search included multiple site visits to credit unions using different LOS options,” noted Jeremy Sankwich, TAPCO Credit Union’s AVP of Lending. “Experiencing Lending 360 from the perspective of a live credit union helped us see the versatility, customization and massive efficiency the platform can provide. We are in the midst of implementation and the project management team at CU Direct is extremely organized, responsive and supportive.”
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.
“A great lending experience starts with ease of use; Lending 360 greatly simplifies the process for credit unions and their members,” said Brit Barker, vice president of sales at CU Direct. “We believe Lending 360 will quickly become a necessity for credit unions looking for a true marketplace advantage. We’re excited to be working with these new credit union partners, helping them gain a competitive edge and grow their loan portfolios by leveraging our platform’s capabilities.”