BATON ROUGE, La. – APPRO Systems, Inc., a popular provider of online lending solutions for credit unions, has introduced the latest version of its consumer loan automation system, LoanCenter Consumer 3.0. It is currently being used at Boeing Employees Credit Union. "The integration of the settlement services providers streamlines the processing of our home equity applications by eliminating the need to re-key information in the ordering of AVM, title and property information. The integration brings the information back into the APPRO system which can be attached to the application, making the entire process paperless," said Gary Fee, director of Consumer Loans at BECU Credit Union. LCC 3.0 includes automated Home Mortgage Disclosure Act (HMDA) reporting and Home Ownership and Equity Protection Act (HOEPA), or "truth in lending," determination capabilities to LCC users. There is also the addition of Phase I support for e-contracting, a re-design of the CarBook Module and enhanced rules to evaluate automobile delinquencies.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
