PSCU, the nation’s leading CUSO, and CU Direct, the leader in credit union lending technology, announced today their partnership and new product offering for PSCU and its Member-Owner credit unions. Lending 360 – CU Direct’s best-in-class loan origination system – will provide credit unions with an improved member experience by streamlining the entire application process through automation, simplified workflows and powerful reporting capabilities.
PSCU strives to provide the most innovative and advanced technologies, and partnering with CU Direct to offer Lending 360 will allow Member-Owners to further enhance the member experience. The platform’s technology, paired with PSCU’s impressive relationship management and wide variety of product offerings, makes for a powerful combination.
Lending 360 is an origination platform built specifically for credit unions, supporting consumer lending, indirect lending and online loan applications. The product offers streamlined origination, underwriting processing and disbursement, enabling credit unions to increase productivity and efficiency. PSCU also plans to use Lending 360 in conjunction with its Total Member Care (TMC) 24/7/365 contact centers to expedite the application process.
“We are eager to make Lending 360 available to our Member-Owners,” said Dan Ruppe, Product Management Director at PSCU. “Our partnership with CU Direct means our 850+ credit unions can now offer one of the most comprehensive multi-channel lending and account opening solutions on the market to their members.”
Lending 360’s capabilities include:
- Intuitive, user-friendly staff interface – Simplifies the application process, makes it easy to train employees and enables faster processing through fewer clicks
- Responsive design – Allows branded and customized applications for individual credit unions that render properly on any device, including mobile
- Highly configurable – Facilitates specific processes through custom configuration
- Powerful decision engine – Supports underwriting strategies with over 1,800 variables available for use in five 3D matrices and unlimited custom rules
- Third-party integration – Connects to most host systems and numerous third parties
“We believe Lending 360 will quickly become a necessity for PSCU’s Member-Owners credit unions,” said Brit Barker, Vice President of Credit Union Solutions at CU Direct. “The highly intuitive platform provides credit unions the ability to drive more loans and account openings, faster and more efficiently than before, while improving the member experience throughout the loan application and approval process.”
To learn more about Lending 360, register here for PSCU’s free webinar on Thursday, Nov. 9, at 2:00 p.m. EST.