X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CUDL announced that over 150 credit unions nationwide have now signed up for its new decision manager decision engine.The decision engine was launched in the third quarter of 2008 and fully synchronizes a credit union’s indirect lending policies and underwriting with their direct lending practices.“We have realized a number of benefits through upgrading to the decision engine,” said Carl Roer, vice president of lending at Sound Credit Union in Tacoma, Wash. “These benefits generally fall into the areas of speed and efficiencies and underwriting. These new automated functions also reduce the amount of time we spend in procession loan decisions.”Decision manager allows credit unions to implement new risk controls and increase automation through a multi-dimensional interface that gives credit unions the ability to create their own custom rules using a library of hundreds of variables.“Our goal was to eliminate the ‘one-size fits all’ approach to risk management automation for our credit unions,” said Kip Haas, CUDL’s executive vice president of product and development. “By integrating this solution with our lending platform, we’ve given our credit unions what they have been asking for-the ability to leverage any data available to them through the loan application process to automatically decision applications their way-while also significantly reducing processing time.”–[email protected]

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.