CU Direct’s Lending 360 Loan Origination Platform Surpasses 150 Credit Union Milestone
Capital Educators FCU selects CU Direct’s Consumer LOS to streamline loan originations, improve efficiencies and simplify the loan application process.
Las Vegas, NV | May 15, 2019
CU Direct, the nation’s leading credit union lending technology provider, announced that its Lending 360 Consumer Loan Origination System (LOS) has reached a new milestone, as more than 150 credit unions are using the platform to drive both loan efficiencies and originations. The company announced the achievement during its DRIVE Conference this week in Las Vegas.
In reaching this milestone, CU Direct recently partnered with Capital Educators FCU ($710.9 million in assets, 76,758 members) to implement the LOS.
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 CUSO’s are able to gain a true competitive edge in the lending landscape’s fast-paced environment.
“We at CapEd are very excited about our newest partner, CU Direct. After researching many lending platforms, we confidently chose CU Direct’s Lending 360,” said Jenny Sanford, vice president of consumer lending for Capital Educators Federal Credit Union. “This LOS is a user-friendly, one-stop system with features such as a built in CRM, a seamless account opening tool, and a new mortgage processing module, that we will be exploring.”
Sanford further noted that “the staff at CU Direct took the time to really understand our goals and needs, and were impressively flexible and patient with us as we moved through the due diligence process. We look forward to a lasting partnership and are excited to be among the many who are choosing CU Direct for their strategic future growth.”
Lending 360’s powerful, robust account origination allows credit union members to open checking, savings, money market and CD accounts online at any time. With the Lending 360 workflow engine, credit unions have a single platform that automates application processing activities across all consumer lending channels.
“Achieving this milestone underscores the value our credit union partners see in implementing an LOS technology that helps them grow their loan portfolios and improve the overall member experience,” noted Brit Barker, CU Direct’s vice president of credit union solutions. “We’re excited to be working with Capital Educators FCU, helping them gain a competitive edge in the marketplace, and greater market share, by leveraging our platform’s capabilities.”
About CU Direct
For more than twenty years, CU Direct has been a lending technology leader, helping credit unions fund $213 billion in loans. An enterprise lending solutions and technology company, CU Direct serves more than 1,100 credit unions, 14,800 auto dealers, retailers and medical providers nationwide. CU Direct brings innovation and expertise to indirect lending, consumer and mortgage loan origination, point-of-sale, online marketplace, analytics marketing and CRM, auto shopping and business process outsourcing. The company focuses on four key areas: providing growth opportunities, creating operational efficiencies, delivering exceptional experiences and protecting credit union members. Connect with CU Direct at cudirect.com and on Twitter and LinkedIn.