If only the different systems in your credit union talked to one another, there wouldn’t be a need for this article, nor the problem it solves. But as a credit union professional, you know that’s not the case. Take commercial loans. They begin their lives in your credit union’s loan-origination system or LOS, if you …
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Credit union execs: “Park a bot” on all of the document processing needed to close loans Automation for closing residential loans is defined as using the latest digital automation technology (such as robotic process automation or RPA, or artificial intelligence or AI) to speed throughput of document processing, while reducing human-induced errors and improving member …
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Save 2,000 hours of manual labor, year after year, with RPA banking bots Loans require supporting paperwork from the borrower; it’s a fact of life in banking. And for every form that needs to be attached to a loan—and then updated, and then checked—there are people in your bank’s Loan Operations team who are suffering, …
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A complete three-part guide for addressing the “perfect storm” of adverse market conditions confronting credit unions now—and preparing for a forever-changed, volatile future The credit union industry is reeling amid an onslaught of challenges that include: Constant market shocks Generational turnover with a transient workforce as replacements Ever-increasing core system capability constraints and cost Members …
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