1-News

Sync 1 Adds Enhancements to Make LOS Faster, Easier to Use

CU Today

November 4th, 2019

AUSTIN, Texas–Sync 1 has introduced a number of enhancements that not only improve the ability of credit unions to customize their LOS software, but to do so more quickly and easily than ever before.

Configuring loan software can be tedious with many solutions, but Sync 1, a credit union-owned CUSO, has worked closely with credit unions to ensure its LOS is tailored to every CU’s specific needs. Sync 1’s cloud-based infrastructure now provides credit unions with an even more scalable, faster, and easily customizable solution that removes the confusion so often inherent in LOS solutions.

Read the full article here – Sync 1 Adds Enhancements to Make LOS Faster, Easier to Use

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
8.Integrations
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

CU Today

September 20th, 2018

SAN ANGELO, Texas–1st Community FCU is reporting it has successfully completed a core conversion to CU*Answers’ CU*Base solution.

In the process it has become the first CU*BASE user to leverage the new interface to the loan origination system from Austin, Texas-based CUSO Sync1 Systems, the company said.

“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

CU Today

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