CU*Answers and its partnership with web-based mortgage solutions provider, Prime Alliance continues to grow, as it accepts an invitation to participate in the new Version 8.2 release.
Though Prime Alliance is not a product of CU*Answers, the team of experts utilizing this product daily submit future need requests resulting from clients’ direct experience. This continued drive to enhance and improve member experience, is a primary reason for the CUSO being selected for this beta.
Some of the key functionalities in this release include:
- Interim Construction loans – The ability to support simple interest only construction loans for periods of 6, 9, 12, or 18 months.
- Credit Score in the Loan Consultant – The new enhancement will provide the ability to add a new question on the first page of the loan consultant where the borrower could either enter their credit score, or pick from a dropdown their opinion of their credit history (Excellent, Good, Average, Poor).
- Pricing Adjustment in Loan Officer Workbench – A new page has been created that is accessed from the Loan Summary tab called ‘Pricing Adjustments’. It can be added to the appropriate security groups using the Security Groups editor. The Pricing Adjustment page will display all of the pricing adjustments that apply to a loan. This will allow the person viewing the loan see how the final rate was determined.
According to Rob Meijer, Account Executive for CU*Answers’ division Lender*VP, and the CUSO’s primary support for this tool: “We are always working on improving how our clients do business. This release of the Prime Alliance is very exciting to us, especially being able to offer the Interim Construction Loans, since it truly meets the needs of our credit unions.”