The backbone of Credit Unions is member relationships. However, long-standing relationships that members value are being threatened by online lenders and national Credit Unions promising better service and lower costs. Financial innovation is critical if Credit Unions are to lower their costs of originating loans. Credit Unions must maintain their “member first” advantage by providing superior member experiences that reduce liability and streamline loan delivery. With the right technology behind them, Credit Unions can drive member success, lower costs, better manage risks and respond faster to change.
CL Originate™ is designed to meet the needs of Credit Unions with demanding requirements for member and business lending. From the submission of the application through generation of pricing, CL Originate manages the entire application process from origination, loan file management, compliance, approvals and covenants for Small Business, Consumer, Construction, Commercial or Equipment Leasing. CL Originate is completely configurable and cloud-based allowing Credit Unions to get to market quickly.