3 Steps for Selecting the Best LOS Vendor
By Bruce Callen for CU Today
June 11th, 2019
While there are a number of Loan Origination Systems (LOS) that tout intuitive, configurable, compliant and efficient solutions, integrating a new LOS platform often proves challenging. This is due, in part, to the fact many LOS platforms are operating on technologies that are in some cases 20-years old. As a result, quickly adopting new features, such as scoring models from credit bureaus designed to detect fraud, is difficult.
Read the full article here – 3 Steps for Selecting the Best LOS Vendor
10 Reasons to Consider a New LOS
By Steve Maloney for CU Today
May 28th, 2019
Is it time for you to upgrade your loan origination system? Here are 10 reasons why a tried and true system can work for your credit union.
1. Speed Matters More and More
2. Better Member Experience
3. Improved Accuracy
4. Do More With Less
5. Better Security
6. Easy Buy-In
7. Goodbye Paper
9. Easy Upsells
10. Complete Customization
Read the full article here – 10 Reasons to Consider a New LOS
1st Community Completes Conversion To CU*Answers’ Core Solution
September 20th, 2018
SAN ANGELO, Texas–1st Community FCU is reporting it has successfully completed a core conversion to CU*Answers’ CU*Base solution.
“When we first started talking with the CU*Answers team, we were intrigued by their business model but we weren’t really looking to go through a core conversion,” said 1st Community FCU CEO Bill Nikolauk. “Nobody in their right mind wants to go through a conversion. With that in mind we knew the challenge of the conversion would be worth the great benefits of a more extensive system. Dealing with partners instead of a corporation is always the best option. The more we talked to our peers that were using CU*BASE, the more we thought a core change was exactly what our team and our members needed.”
Nikolauk said the process was managed “extremely well” by everyone involved and added he and his credit union are very happy to now be part of a cooperative, as CU*Answers is a CUSO.
Read the full article here – 1st Community Completes Conversion To CU*Answers’ Core Solution
Texas CUSOs Bridge Tech Gap
By Roy Urrico for Credit Union Times
January 6th, 2017
Two Texas CUSOs aim to close the technology gap for credit unions, one by helping to manage infrastructure and the other by meeting the demanding needs of digital and mobile lending.
Houston-based Pure IT Credit Union Services, which launched as a CUSO in September this year, makes it easier for credit union clients to design and maintain their systems for compliance, security, audit, and technology advancement.
Read the full article here – Texas CUSOs Bridge Tech Gap
New CUSO Launches With $4M In Funding, Merger With FI Mobile
December 15th, 2016
AUSTIN, Texas — A new CUSO has been launched here with $4 million in private equity and debt financing.
As part of the funding round, the CUSO, Sync1 Systems, LLC, has merged with FI-Mobile, an Austin, Texas-based provider of mobile banking solutions.
The company was founded by Austin entrepreneurs Steve Maloney, Bruce Callen and Dan Chaney. In 2002, they founded credit union lending technology provider Teres Solutions, which was acquired in 2008 by CRIF.
Read the full article here – New CUSO Launches With $4M In Funding, Merger With FI Mobile