CU*Answers Introduces Lender*Hub

Grand Rapids, MI – July 26th, 2011
According to CU*Answers, a major 2012 initiative for the provider of CU*BASE core data processing services is to assist its credit union clients in tapping into loan volume, and with the addition of 4 new connections slated to be added this year, CU*Answers and CU*BASE will have 9 connections to funnel loan opportunity.

CU*Answers says these connections, now referred to as ‘Lender*Hub’ is the centralized middleware tool used to bring an application into CU*BASE from an outside trusted partner for credit union staff to work. The point of Lender*Hub is as a middleware to push loan applications into the CU*BASE loan queue and underwriting toolkit and to automate the flow into an aggregated toolkit for servicing, reporting, data mining and the big picture. Also stated, in a recent ninety day window, CU*BASE credit unions received 5,221 applications via Lender*Hub worth more than $152M in submitted applications.

Today CU*Answers has partner integrations for traditional indirect sources such as DealerTrack, RouteOne (to be completed later this year) and MeridianLink, and has integrated with Prime Alliance, the largest web-based mortgage application processing and origination CUSO in the marketplace.

For additional information, access the Lender*VP team’s website at: