West Michigan-based core processor, CU*Answers, announced that for its 2015 fiscal year-to-date, it has experienced 20% growth in the number of Loan Origination System (LOS) sites offered through the Accenture Mortgage Cadence Loan Fulfillment Center platform.
Since October 2014, the number of individual sites built and supported by CU*Answers’ Lender*RE team increased from 65 to 78 sites. These sites generated 9,730 mortgage applications and 4,690 mortgage closings, with a combined volume of $656 million for both individual clients and CUSOs.
Credit unions need to be aggressive in offering mortgages to members. Accenture tools provide a strong opportunity to be effective, both as a direct credit union solution or as indirect offerings through CUSO’s that rely on these tools.
CU*Answers has been a value added reseller of the cloud based mortgage lending solution to the credit union industry since 2006.