Here are the BIG Lender*VP projects for the 2012 development year! After reviewing the suggestions from the Oct. 26, 2011 focus group, we have compiled this list. Please take a minute to review a summary and current status of each project. On Wednesday October 26, 2011, we had a focus group with the largest lending
Author Archives: David Damstra
1. Associated Applications
December 14, 2011 – 9:32 am
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
2. Mortgage Payoff Estimator/Payoff Letter
December 14, 2011 – 9:31 am
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
3. Loan Application Workflow Controls
December 14, 2011 – 9:30 am
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).
4. Loan Product Controls
December 14, 2011 – 9:30 am
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
5. Reporting Credit Scores to Members via online banking
December 14, 2011 – 9:28 am
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.
6. Improving Credit Report Archival Process
December 14, 2011 – 9:28 am
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.
7. App Check
December 14, 2011 – 9:26 am
New process that warns user if specific data has not yet been completed on the CU*BASE loan application.
8. Expanding the Loan Application
December 14, 2011 – 9:21 am
Allow for unlimited employers/employment history and income sources on the loan application.
9. Loan Queue Stats Enhancement
December 14, 2011 – 9:21 am
A new at-a-glance stats dashboard to help CU loan managers track activity in the credit union’s lending queue. Will expand the “Show All Codes” screen available from the Lending Queue, to show the UW Code Type (Approval, Denial, or Memo) and allow for the data to be sorted multiple ways, with count totals. Will allow
10. Enhancements to Online Application
December 14, 2011 – 9:21 am
This project includes ideas from Wisconsin User Group for a broader, configurable online banking application.
