Current Hot Topics in Lending. If you missed our recent announcements, check out our handy recap in this edition of the Lender*VP Newsletter!
Retailer Direct is an indirect lending solution developed to offer third parties a direct integration into CU*BASE. Business retailers offering goods or services can finance loans for members and non-members alike for your credit union.
This product is completely operated by CU*Answers and we just added a new look and feel, plus eSign! In addition to these great features, you can also use FUEL to issue an approval back to the retailer even when it’s outside of your normal business hours!
Want more information? Contact Lender*VP today!
A reminder for credit unions that offer 1Click Loans:
On Tuesday, May 6th, a project was deployed to Online and Site-Four credit unions, which featured an enhancement to include the fee when calculating modified APR for 1Click Offers. Please note that if you intend to launch a 1Click campaign and you plan on charging a fee, you will need to reach out to the Lender*VP team, as your form will need to be updated.
Self-processing credit unions will receive this functionality on Sunday, May 18th, with the deployment of CU*BASE 25.05.
Upcoming Events – there’s still time to register for these webinars!
Learn All About Mortgage Servicing – Join Our Upcoming Webinar!
Friday, May 16th
9:30 AM – 12:00 PM ET, 1:30 PM – 4:00 PM
Join CU*Answers and SavvyMoney to Learn All About Our Robust Credit Score Solutions!
Thursday, May 22nd
3:00 PM – 4:00 PM
Helpful Tips and Reminders. Don’t forget to review the following!
Recommendations from Lender*VP – Document Retention for Denied Applications
What is your credit union’s current retention plan for documents relating to denied applications? Review our recommendations!
Tips from Lender*VP: Recommendations for Credit Unions that Utilize 1Click Offers
For all 1Click Loan users in the network, we have some recommendations that we’d like to remind you of prior to sending out offers to members. Click here for details.
Additionally, we have a handy DIY checklist for 1Click Offers, which you can click here to review.
A Reminder for Experian Clients: Update Your Password Every 90 Days
If your credit union uses Experian credit pulls, remember that Experian passwords expire every 90 days. If you have recently updated yours and need to let us know, please click here for more details.
Stay up-to-date on the latest projects from Lender*VP! Visit the Kitchen page for details on 1Click Offers and other lending projects in the pipeline!
Have questions or comments? Feel free to reach out to us at lendervp@cuanswers.com!
