TOPIC: Credit Union

New CBANC member benefit: CBANC Network announces the acquisition of Lendwell

Director at a Company (USA)
Originally Posted by Mike Snavely, Chief Commercial Officer of CBANC, on 30 Apr 2019 to CBANC FI Professionals Community.


     Pleased to announce a new benefit for the CBANC community.  We've acquired Lendwell, a mortgage settlement services provider used by hundreds of small- and mid-sized FIs. 


Our acquisition of Lendwell is the next step in our strategy of unlocking the power of cooperation and the collective purchasing power of thousands of financial institutions within the CBANC Network. The Lendwell platform will help our network members reduce the cost of lending operations while improving their ability to serve their customers.


FIs can expect to save up to two hours of time per mortgage file and 15-20% on services like AVMs, property assessments, flood certifications and many others. Best of all, there's no up front fee for CBANC members, and it'll take about half an hour to get up and running with Lendwell.


          Learn more and start the sign-up process at www.cbancnetwork.com/lendwell

    FCRA and Cross-selling

    Person at a credit_union ($1.5BUSA)
    Hello,

    Generally speaking under FCRA cross-selling is not considered a permissible purpose.
    However, "in accordance with the written instructions of the consumer who it relates" is a permissible purpose under FCRA.

    We are looking to build this written authorization into our membership application so we can cross-sell at account opening and also into our loan application so we can cross-sell other loans when a consumer applies for a loan.

    Is anyone currently doing this?

    Is anyone willing to share a copy of their membership application or loan application or the verbiage they use on these applications?


    Any thoughts, comments, feedback, experiences, etc. are welcome.


    Thanks in advance!

      Symitar Check Hold Limits

      Manager at a credit_union ($402MUSA)
      Are there any Symitar users currently utilizing the Check Hold Base Amount; Check Dep. Total Amount; Check Dep. Total Date; Non-Reg. CC Check Hold Base Amt.; or Non-Reg. CC Check Dep. Total Amt. found in the Account record under Membership Status and Commercial Code? If so, how do you determine what the base amount is in regards to keeping it compliant with with Reg. CC? Attached is an image of what I am referencing. 

      I appreciate any help! Thank you!

        Free Webinar - Elder Financial Exploitation, the Hidden Crime | 1 CAMS credits, 1.25 CAFP, CFSSP, CRCM credits

        Thursday, June 20 - 1 p.m. CST/2 p.m. EST

        Elder financial exploitation is a growing concern in our communities, and the more the U.S. population ages the faster crimes against the elderly will grow. Financial institutions have a unique position to observe this early and stop the activity prior to a victim being left financially destitute. In fact, in most states financial institution employees are mandatory reporters of elder abuse. This session will help you identify elder financial abuse in your community and help stop it before it’s too late.

        Join us for a free webinar to learn:
        • How to spot the red flags of elder financial exploitation
        • Best practices to train your front-line staff in identifying this crime
        • When and how to properly file a SAR in an elder financial exploitation case
        • Who to report in your state(s) and whether you’re a mandatory reporter
        Presenters: Terri Luttrell, CAMS-Audit and Rachel Portnoy, Community Liaison for Adult Protective Services (APS)

        Earn 1 CAMS credit and 1.25 CAFP, CFSSP, and CRCM credits. 

        Register today! 

          Looking for DYNAMIC Revenue? Offer DYNAMIC Overdraft Limits!

          Is your financial institution offering only static, one-size-fits-all overdraft limits? If so, chances are that your overdraft revenue is likewise static.

          American consumers differ dramatically in their income levels and deposit behavior. So why would you offer the same limit to all your account holders?

          Download our free white paper to discover the TOP 3 REASONS TO OFFER DYNAMIC OVERDRAFT LIMITS!

            ThinkBIG Conference | CECL, Lending, Credit, Portfolio Risk | Early Bird Pricing Ends May 31

            ThinkBIG Conference - the premiere conference for CECL/ALLL, credit, lending and portfolio risk!
            September 24-26, 2019
            Loews Sapphire Falls Resort, Orlando, FL
             
            Join us for the first ever Abrigo ThinkBIG Conference, formerly Sageworks' Lending & Risk Summit and MST's National CECL Conference. It is the premiere conference around CECL, lending, credit, and portfolio risk.
            • Choose from two tracks: Lending + Credit Risk and CECL + Portfolio Risk
            • Learn from thought leaders and industry experts
            • Network with bank & credit union peers facing similar growth & risk challenges
            Take advantage of Early Bird pricing now through May 31.
            Learn more and register here.

              Demo: How to Digitize the Life of a Loan | Abrigo

              Thursday, May 30 | 2 p.m. EST/1 p.m. CST

              Digitizing loans from beginning to end can reduce turnaround time, allowing institutions to provide decisions more quickly and transparently. In fact, in a recent survey by the Federal Reserve, 63% of small business owners said speed was what primarily drove them to use an online lender instead of the traditional bank.

              By turning to automation, lending and credit professionals will be able to focus on those aspects of a loan decision that require more intense analysis instead of spending time on duplicative data entry and tracking down components of an application.
              Join Bryce Lugar as he conducts a live software demo to show how Abrigo can help your institution drive growth and manage risk.
              You Will See:
              • How to streamline the lending process and automate rote tasks
              • What a relationship-based system looks like
              • How evaluating various loans types on the same system can result in a scalable and more efficient process
              • How having a partner like Abrigo can be an asset to an institution
              Register here. 

                Strategic Execution

                President at a bank ($13.8BUSA)
                Some thoughts on what it takes to realize your vision/strategy and make it sustainable.

                https://lnkd.in/eDjdrFG

                Please share your feedback or insights.

                To continue the conversation, please comment or contact Brian Higgins directly at brian@bigthinkingreal.com 

                VX|R 
                At VX|R we have a passion for strategic execution and in sharing our insights. Visit our website for more insights and follow-us on Twitter @bigthinkingreal 

                  New CBANC member benefit: CBANC Network announces the acquisition of Lendwell

                  Pleased to announce a new benefit for the CBANC community.  We've acquired Lendwell, a mortgage settlement services provider used by hundreds of small- and mid-sized FIs. 

                  Our acquisition of Lendwell is the next step in our strategy of unlocking the power of cooperation and the collective purchasing power of thousands of financial institutions within the CBANC Network. The Lendwell platform will help our network members reduce the cost of lending operations while improving their ability to serve their customers.

                  FIs can expect to save up to two hours of time per mortgage file and 15-20% on services like AVMs, property assessments, flood certifications and many others. Best of all, there's no up front fee for CBANC members, and it'll take about half an hour to get up and running with Lendwell.

                  Learn more and start the sign-up process at www.cbancnetwork.com/lendwell

                    How many different programs or services do you currently use in your Mortgage Loan or Heloc process? More than two?

                    You should take a look at our partners at Lendwell. You could get everything from:
                    •    Automated Valuation Models
                    •    Closing Services
                    •    Document Preparation
                    •    Flood Determination
                    •    Legal & Vesting Reporting
                    •    Lien Protection
                    •    Property Appraisals
                    •    Property Condition Reports
                    •    Property Reports
                    •    Title Insurance

                    Get everything you need in one place. See more about Lendwell and Download our attachment.