ALBANY, N.Y. – IA Systems has signed the $2.1 billion GTE FCU for its StreamLend Velocity loan origination system.
GTE FCU had been running its own custom-built, in-house system for the last five years. The CU plans to automate lending, processing, underwriting, funding, and closing operations with StreamLend Velocity in all of its 35 branches.
StreamLend Velocity utilizes .NET and XML architecture for integration with core processors and third-party applications. The CU plans to implement the solution in the first quarter of 2007 after it converts its core processing solution.
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