ALBANY, N.Y. -- Three more credit unions--all in the Pacific Northwest--have said they will use the StreamLend Velocity loan origination system from IA Systems.
They are the $672 million Kitsap CU in Bremerton, Wash., the $743 million Unitus Community CU in Portland, Ore., and the $653 million Gesa CU in Richland, Wash.
Melinda Anthony, vice president of consumer lending for Kitsap CU, said her credit union decided on the new solution because of functionality, such as the new forms solution, the ability to set rates in advance and added audit detail.
About 40 credit unions now use StreamLend Velocity, a paperless, Web-based end-to-end loan origination system, the company said. IA Systems is based here and is a business unit of Open Solutions Inc. of Glastonbury, Conn.
--mrapport@cutimes.com
