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Integrate Your Lending Tech to Drive Member Value
Thursday, July 14, 2016 6:35 AM

It's no secret that credit unions offer better lending rates and a customer experience that's focused on members first. This may be why credit union loan growth is approaching its fastest pace in almost two decades.1 Today, this reality benefits millions of credit union members1 and drives loan officers to technology tools that can simplify and streamline lending events.

Connectivity starts by saving your loan officers valuable time. There’s no need to rekey data, which also reduces the risk of data entry error. Connectivity guards credit unions against potential pitfalls that may arise during the claims process down the road.

Considering the benefits, what if your loan officers could provide even more focused interactions with members at the time of the loan? Multiply the improved productivity by monthly loan volume, and imagine the boost to your bottom line. That’s real revenue.

This doesn't have to be imaginary, thanks to new integration between lending technologies that can protect credit union loans and support members’ financial security.

CUNA Mutual Group has integrated its Protection Advisor solution with CU Direct’s Lending360 loan origination system. This means loan officers who use CU Direct's platform can connect seamlessly with CUNA Mutual Group’s Guaranteed Asset Protection (GAP) and Mechanical Repair Coverage (MRC) point-of-sale system, among others.  

The integration helps loan officers show members their cost and coverage options more clearly and illustrate the full value of protecting their loans.

CU Direct’s Lending360 is the latest of a number of industry-leading lending platforms to integrate with Protection Advisor. Others include Fiserv’s Velocity, Symitar, MeridianLink’s LoansPQ, Akcelerant Framework Temenos, CRIF’s ACTion, and Fiserv’s Lending Navigator.

If you are ready to connect your loan origination system to Protection Advisor, please send an email to: Sean Smith, Sales Planner for CUNA Mutual Group, sean.smith@cunamutual.com

CUNA Mutual Group helps people plan, protect and invest for their future. The company was founded more than 80 years ago by leaders who were looking for an insurance partner they could trust. Today, CUNA Mutual Group helps credit unions and hardworking Americans build financial security. To learn more, visit www.cunamutual.com.

CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. MEMBER’S CHOICE® Mechanical Repair Coverage is made available to you by CUNA Mutual Insurance Agency, Inc., and is insured by Virginia Surety Company, Inc.

Sources:

CUNA Mutual Group, Credit Union Trends Report, May 2016.