RICHARDSON, Texas - Community-based Texans CU, one of the largest in the state, has chosen IA Systems' StreamLend Velocity loan origination solution, the company's flagship product, to support its direct and indirect lending programs.
The loan processing solution is scheduled to replace the $1.7 billion, 160,000-member CU's current custom-built, in-house system in October 2006.
Texans said it selected StreamLend Velocity because its highly customizable structure will allow the CU to meet the lending needs of a growing branch network-Texans has 31 branches. The solution's configurable workflow engine allows users to adapt the system to meet varying needs for either centralized or decentralized lending branch networks. It can assign loan applications to specific loan officers, by type of loan or by volume.
In addition the solution's open architecture allows for greater compatibility with other market products.
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