Focus on Lender*VP
Have you been watching the news lately? Do you cringe at the state of the economy? Interestingly, credit unions are in a better position than ever for increasing market penetration. As banks scramble to survive, member owned credit unions are positioned to thrive. Lending is one product line where credit unions can fill a financial need for the member while positively affecting the bottom line.
Which reports are recommended for managing your Loan Department?
Reports are the evidence of productivity in your lending factory. Where can you find documented favorites?What is the product or service known as 247/Lender?
What are the advantages to your credit union? As member accounts process through this model a high level analysis generates a pre-approval for credit products. These products then populate as Cross Sales opportunities in CU*BASE.
What is MicroLending? Is it a good strategy for your credit union?
Pay Day Lending through MicroLender is different from anything ever done before by credit unions. Some of its unique highlights: completely web based loan origination system; zero manual underwriting; and can even be used at the teller line.What are Red Flags and how is CU*BASE able to satisfy compliance requirements?
Experian Authentication Services Level 1 (AS1) is the interfacing product with CU*BASE that validates member identification and satisfies the "Red Flag" Requirements. Adding value to the AS1 service is Audit Tracker which writes an audit record at point of contact.
Where will you find support for Real Estate Lending opportunities?
Credit Union mortgage lending and servicing is on the rise. Mortgage servicing (FreddieMac, FannieMae, FHLB, Portfolio loans) through CU*BASE has credible advantages. The loan is visible in CU*BASE, the credit union owns the servicing rights, earning revenue without risk. From the member's view, loan statements come from their own trusted credit union.What's the strategic advantage of Retailer Direct?
Retailer Direct is the electronic delivery of loan applications from any retail location that you choose, directly to your CU*BASE lending factory. This tool is available to any CU*Answers client, if you partner with Lender*VP. We help you implement and configure the product for the best impact on your bottom line.So where do you go from here?
You're not alone in your search for lender focused initiatives. Lender*VP, a CU*Answers company is your strategic partner for lending success. The Lender*VP mission is to support your credit union in 'Driving Lending to New Heights'. Lender*VP has a website dedicated to your success as a lender.
