Two years after its launch, CUNA Mutual Group said total loan requests submitted via mobile devices through its Smartphone Loan technology have surpassed the $1 billion mark.
Launched in July 2011, the technology allows loan applicants who are credit union members to begin the loan application process from wherever they are on their smartphones, according to CUNA Mutual.
The technology is a mobile version of company's loanliner.com product, which is used by more than 550 credit unions nationwide, CUNA Mutual said.
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