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Credit Unions partner with CU Direct to streamline loan origination

Credit Unions to Use CU Direct’s Lending 360 LOS Platform to Simplify Loan Application Processes

ONTARIO, CA (November 14, 2013) — CU Direct Corporation (www.cudirect.com), the nation’s leading provider of lending and automotive solutions to the credit union industry, has announced new partnership agreements with four credit unions.

As a result of the new agreements, the credit unions will be implementing CU Direct’s Lending 360 Loan Origination System (LOS).  By using Lending 360, the credit unions will significantly improve the workflows associated with originating, underwriting, and processing consumer loan applications.

The new partner credit unions that will be employing the Lending 360 System include: Vacaville, California-based Travis Credit Union (176,422 members, $2 billion in assets); San Antonio, Texas-based Synergy Federal Credit Union (10,832 members, $190.2 million in assets); Corpus Christi, Texas-based Coastal Community and Teachers Credit Union (37,190 members, $260.7 million in assets); and DuPont Goodrich Federal Credit Union (27,589 members, $235 million in assets).

“There were a number of key aspects to Lending 360, including the screen flow and set up process, the user friendly interface, and competitive pricing, that led us to select the system,” stated Theresa Wiles, vice president of lending at Coastal Community and Teachers Credit Union. “We look forward to partnering with CU Direct and employing the Lending 360 solution.”

CU Direct’s Lending 360 LOS offers a powerful and configurable workflow engine that will provide the credit unions with a single lending platform designed to support loan application processing activity across all consumer lending channels, and is fully backed by CU Direct’s unparalleled implementation and support groups.

“Efficient lending is about simplifying the user experience, so we designed Lending 360 to be easy to use and highly intuitive,” said Paul Kirkbride, vice president of CU Solutions at CU Direct.  “We also focus on helping credit unions gain

About CU Direct Corporation

Established in 1994, CU Direct Corporation has helped the credit union industry fund over $120 billion loans by being the nation’s leading lending and automotive solutions provider for credit unions.  Representing more than 1,060 credit unions, CU Direct specializes in solutions that help credit unions generate loans, manage risk and provide value to members.  CU Direct Corp. offers a diverse, extensive library of products and services designed to help credit unions advance their lending programs and achieve overall portfolio success.  Solutions include Lending 360, CUDL, Lending Insights, OnSpot Financing, Vero, and its suite of auto buying products.  For more information about CU Direct Corporation and Lending 360 visit www.cudirect.com.

 


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