MADISON, Wis. and TORONTO, Ontario – CUNA Mutual Group and HomeBank Technologies Inc. have formed an agreement related to Web-based loan origination. Under the agreement, CUNA Mutual will aid HomeBank Technologies in the development of a U.S. version of its ProLender loan origination system. The Web-based ProLender system will allow credit unions to provide members with 24/7 access with CUNA Mutual's Loanliner.com. Loanliner.com will provide the front-end loan application component while ProLender will provide the back-end, loan processing and origination services. "It will allow us to build on our success in Canada and begin to develop ProLender for the lucrative U.S. market. CUNA Mutual provides a range of financial services to the majority of the more than 10,000 credit unions in the U.S.," said Bryan McCaw, CEO of HomeBank Technologies. CUNA Mutual is a majority shareholder of the CUMIS Group, which has an ongoing relationship with HomeBank in Canada.
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