NADA Vehicle Valuation

nadaucg_jdpower_rgb_201601Beginning with CU*BASE 16.10,  credit unions have the ability to activate a seamless integrated valuation tool to populate the automobile’s current value directly into the collateral record.

Loan officers needing to verify the value of vehicles during the loan process is necessary and in the past required the loan officer to navigate away from CU*BASE.   This is no longer the case with our latest streamlining effort.

Configuration

lendervp-nada-getvalueTechnical and configuration information can be found on page 10 of our CU*BASE 16.10 release documentation.

Costs

The cost for this service is $35.00 per month and $0.15  per valuation pulled.

Your credit union will be billed monthly and you will notice an additional line item on your monthly invoice.

   

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Updated
January 6, 2021

Arriving 6/18: Enhancement to Interest Accrual Calculator to Display Historical Interest Rates

Arriving 6/18: Enhancement to Interest Accrual Calculator to Display Historical Interest Rates

On Tuesday, June 18th, we will be deploying an enhancement to the Interest Accrual Calculator via Member Inquiry. This enhancement will support the display of historical interest rates, allowing users to search what the interest rate was during a specified period of time. This enhancement will offer your credit union greater insight into research relating… Read more »

Jun 14, 2024

Arriving 6/18: Update for Collateral Records & Impact to Third-Party LOS Users

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On Tuesday, June 18th, we will be deploying a project for third-party loan origination systems that build collateral records to populate the title tracking field with the default assigned to the collateral type. For third-party LOS users only: The project affects all third-party LOS users for both current and future collateral records. This project will… Read more »

Jun 11, 2024

Recommendations from Lender*VP – Document Retention for Denied Applications

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What is your credit union’s current retention plan for documents relating to denied applications?  Lender*VP has recommendations for your credit union, as detailed below. Lender*VP recommends that any/all relevant documentation and information that is used to deny loan applications should be saved by your credit union for a period of at least 25 months.  Relevant… Read more »

Jun 10, 2024