Lender*VP

West Michigan-based cooperative CUSO, CU*Answers, announced the addition of seven clients joining the indirect platform in 2013. “Our indirect platform allows a credit union’s loan team to expand their end points via dealers and other third party lending sources and delivers those requests into our credit unions lending factory. Pairing this delivery channel with automated

West Michigan based data processor, CU*Answers, announced it will be holding the next Collections Roundtable for its clients on May 9th at its Headquarters in Grand Rapids, Michigan. The one-day event is an opportunity for credit union staff to discuss collection-related topics among their peers.  CU*Answers will hold two sessions in the morning and the

January 2012 proved to be a great start for Lender*VP collections group at CU*Answers. Ripco Credit Union, based out of Rhinelander, Wisconsin, selected the 100% credit union-owned CUSO to handle their recovery accounts for them. This brings the total number of clients to 13. CU*Answers, parent company of Lender*VP, found that many of their clients

Adjustment for FEP/ING While we focus more of our development resources on the 2013-2014 file expansion project, we will continue working on these Top 10 projects, just at a slower pace. We’ll single-thread with available resources, meaning that we can generally tackle only one project at a time. In QC next: Collections Notices by loan

This project is in response to Wisconsin Marital Property rules which dictate that spouses of applicants must be included in the loan application process.  An “associated application” will be available that is linked it to the original loan request.  Ratios can then be calculated based on all relevant applicants.  When the application is approved, the

The first phase of this project was a new tool to prepare a 360 loan for payoff (in production as of fall 2010).  This is the second phase which will quote a payoff for a future date via Phone Operator and produce a payoff statement.  Mortgage loans will allow for fee adjustments to be included

Add new “App Workflow Styles” that control the automatic forward momentum through the Loan Application screens, bypassing pages that are not required by the particular loan product (such as skipping over the employment, income, and assets screens for a CD-secured loan).

Expand what can be controlled via the Loan Product configuration, including: More default values to flow into new Loan Requests Controls to hide or display data fields on the loan request pages Controls to lock fields to prevent accidental changes to default values “Warn if empty” controls on key fields that might be forgotten

Follow up to the CU*BASE Credit Scores History project (in production with year-end 2011 release), this project would allow CUs to displaying credit score information to the member via It’s Me 247 online banking.

Provide links to a specific credit report used for underwriting decision (primary or secondary borrower) and allow links to more than one report.  Review the retention period for credit report data stored online.

New process that warns user if specific data has not yet been completed on the CU*BASE loan application.

Allow for unlimited employers/employment history and income sources on the loan application.