Alaska USA FCU deploys Metavante's LOS solution.Milwaukee-based Metavante Lending Solutions announced that Anchorage, Alaska-based Alaska USA Federal Credit Union (FCU FCU Federal Credit Union FCU Florida Credit Union FCU Fan Coil Unit FCU Fuel Control Unit FCU Flight Control Unit FCU Flexor Carpi Ulnaris FCU Familial Cold Urticaria FCU Fire Control Unit FCU Fused Connection Unit FCU Flow Control Unit ) is in production with Metavante's Loan Origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Studio (LOS) point-of-sale solution for its mortgage operations. Alaska USA FCU is using the Web-based LOS solution to automate its mortgage loan origination process, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Kimberly Baker, senior vice president of real estate lending at Alaska USA FCU. "Metavante has enabled us to increase our production, lower our cost of origination and improve customer satisfaction," said Baker. "Our originators have found Metavante's LOS to be user-friendly and much quicker than our previous system, and we believe that the technology will continue to provide us with critical gains in efficiency." Metavante's technology solution provides real-time product eligibility, pricing and underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. decisions at the point of sale. Metavante's integrated third-party platform also provides self-service capabilities for ordering credit, automated underwriting, flood insurance Flood insurance denotes the specific insurance coverage against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands and floodplains that are susceptible to flooding. , appraisals and more, explained Cy Brinn, president of Metavante Lending Solutions. "Alaska USA FCU is a great example of how credit unions can leverage their unique position to increase revenues by growing their mortgage origination business," said Brinn. "Our Web-based mortgage loan origination system has helped to provide the capabilities for Alaska USA FCU to standardize stan·dard·ize v. 1. To cause to conform to a standard. 2. To evaluate by comparing with a standard. and automate processes that have reduced manual labor and improved loan production costs." |
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