The launch of Lending 360, a flagship brand for a new loan origination system, is the latest creation from CU Direct Corp., the parent company of CUDL and Lending Insights.
The lending solution will provide credit unions with a single lending platform designed to support loan application processing activity across all lending channels from business, personal, auto and mortgage loans, to debt consolidation, share secured loans, credit life and disability insurance and debt cancellation products, according to CU Direct.
Kip Haas, executive vice president of products and technology at CU Direct, said Lending 360 aims to give lenders advanced workflow tools to customize the system to match their business processes.
The loan origination system is currently in beta testing with general release scheduled for the first quarter of 2011.
