Current Hot Topics in Lending. If you missed our recent announcements, check out our handy recap in this edition of the Lender*VP Newsletter!
A reminder for credit unions that support HELOC Contract Variable Rates:
HELOC Contract Variable Rates will need to be updated prior to Tuesday, July 1st. We have put together a document, which covers important items related to the rate changes. This include topics such as:
- The timing of rate changes and ensuring accuracy of the rates
- Performing manual changes to the pending change record
- Printing notices for pending change records
- And more
Additionally, an FAQ document is available, which covers common inquiries relating to variable rates.
We strongly encourage your credit union to review these documents ahead of the July 1st rate change, and share them with your credit union staff as needed. If you have any questions or are unsure if your HELOCs are contract variable rates, please contact the Lender*VP team – we are happy to assist!
Upcoming Events – there’s still time to register for these webinars!
Lender*VP Invites You to Learn All About Rise Loan Payment Solutions
Thursday, July 17th
3:00 PM – 4:00 PM
Learn All About Retailer Direct – Join Us for a Live Demo!
Wednesday, August 20th
3:00 PM – 4:00 PM
Lender*VP Invites You to Learn About REPAY Payment Solutions
Wednesday, September 17th
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.
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!
