June 29 – Proposed rules described as regulatory relief for credit unions by the National Credit Union Administration drew sharp rebukes from the American Bankers Association and the Independent Community Bankers of America. Continue reading “ICBA, ABA Criticize Proposal to Expand Credit Unions’ Business Lending” »
Search Results: Lending
May 11 – DH Corporation has announced that the Florida Bankers Association (FBA) has extended an agreement that endorses five of the company’s consumer, commercial and mortgage lending solutions. The Board of Directors and staff of BancServ, Inc., a wholly-owned subsidiary of the FBA, conduct a rigorous examination process to select a single endorsed solution for each critical area, helping member banks save precious time on vendor evaluation and selection.
April 27 – LendKey, the innovative online lending platform that connects borrowers with credit unions and local banks, has announced that its platform will power online student lending for Navy Federal, the world’s largest credit union. Using LendKey’s platform, Navy Federal will offer private student loan options to all of its members.
April 21 – Wolters Kluwer Financial Services has announced that it has broadened its long-term relationship with Texas Bankers Association through TBA’s endorsement of the company’s CASH Suite™ solution, a nine-module offering that supports community banks’ commercial lending efforts. The endorsement is an extension to a longstanding product and services endorsement agreement between the two organizations initiated in 1989.
How Commerce Bank met customers’ home-financing needs without excessive costs and risks.
By Dennis Hardiman
Offering mortgage products is critical to a bank’s success; however, the risk, complexity and cost of lending has forced some institutions to exit the business completely. For those leaving — and even those that have yet to enter — there are also challenges to not offering mortgage products. Consumers expect their banks to provide a full array of financial products and services, including mortgages, and failure to do so means customers will shop elsewhere.
March 13 – East Idaho Credit Union recently changed its forms provider and in doing so, turned to IMM for a document presentment and eSignature solution.
March 9 – LendKey, an online lending platform that brings together lenders and borrowers, announced that it has partnered with TrueCar, a negotiation-free car buying and selling mobile marketplace, to launch an integrated auto buying and lending program. This partnership will give consumers insight into pricing data and access to guaranteed savings as well as the ability to secure pre-approved financing automatically before visiting a dealership. Continue reading “LendKey, TrueCar Join Forces on Integrated Auto Buying and Lending Platform” »
February 3 – Shastic, the company behind Calcubot, and MeridianLink have announced a strategic alliance that integrates Calcubot’s Facebook and mobile lending tools into the MeridianLink loan origination ecosystem. This integration enables the first digital omni-channel for lending, in which next-generation borrowers can shop for a loan from looking to booking through their mobile devices, Facebook or the web, with cloud-based continuity across platforms and devices.
January 23 – Beneficial Bank, the oldest and largest bank headquartered in Philadelphia, announced that it has hired Rocco Perate as senior vice president and director of its new Government Guaranteed Lending Group. This department will provide customers with government guaranteed financing to maintain and improve their business operations. Continue reading “Beneficial Bank Establishes New Government Lending Group” »
January 12 – Community Bank of the Chesapeake’s newest commercial loan office is now open for business in Annapolis, Maryland. Senior Vice President, Senior Lender Donald Parsons, Jr. will lead the Bank’s lending effort in Anne Arundel County, providing custom solutions and comprehensive services to business customers.