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.
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the top of any article.
From the July-28, 2004 issue of Credit Union Times Magazine • Subscribe!
Appro Releases Largest Upgrade to LoanCenter Consumer
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!
Comments
Resource Center
View All »
Measure and Monitor the Risks and Opportunities in Loan Portfolios
Get a complimentary demo of our loan portfolio analytics and access to the white paper,...
