In delivering our CECL Analysis software, CU Sol has fully embraced the collaborative concept. We have partnered with an existing CUSO with its own existing partnership and relationship with a world and overall industry renowned credit analyst to provide CECL analysis that is second to none. Through the partnership, we can provide credit unions, banks, finance companies and related financial institutions with the tools they need to comply with CECL.
While there are a number of CECL providers in the marketplace, none provide collaborative CUSO resources that allow members to operate completely within the collaborative family. No other provider provides the opportunity or the means for users to literally buy-in, to help reduce costs and enhance the level of service by being active participants in the ongoing development.
Also, as is the benefit with all multi-owned CUSO’s, resources, knowledge, and money remain within the CUSO – and within the industry – where they can benefit future and ongoing product development for the direct benefit of CUSO members.
Indirect Lending Program
Virtually 90%+ of all loans are originated at point-of-sale and/or on-line. If your institution isn’t there, you aren’t fully engaged in the loan origination business. Let CU Sol help you attract the members/customers you want, with the loans you want, at your exact underwriting and decision standards. Never miss a loan you want, and never take a loan you don’t want again!
We provide this valuable service through collaboration with a proven industry provider, CU Lending Edge. There’s a lot more information available on CU Lending Edge at their website, but the bottom line is every credit union or community bank member of our CUSO, regardless of size, can properly, efficiently, and effectively implement a sustainable indirect lending program through the CU Lending Edge aggregated program.
CU Sol and CU Leading Edge provide various options for point-of-sale loan products, from DIY institutional setup to a completely turnkey operation that allows you to concentrate completely on booking and servicing your loans. We’ll help design and implement the program that best meets the needs of your institution.
Loan Origination – Automated Software
Financial institutions that operate on the cutting edge of fintech are increasingly seeking automated loan processes and new efficiencies while still providing quality consistent loan production. CU Sol has the solution – our Automated Loan Origination Software from Lendsys. Our collaborative relationship with Lendsys allows even our CU Lending Edge Clients to increase efficiency in their branches, call centers, and on the web. Savvy financial institutions understand that 100% automation is not just a cool concept in today’s marketplace, it is a must to compete and maintain market position in an increasingly competitive market. Consumers expect automation – and an increasing number of your competitors are fulfilling that demand.
Let CU Sol show you how you can automate more than 50% of your current manual loan decisions and processes, freeing up your most skilled underwriting and loan processing staff to meet the member and customer demands that require personal attention.