Overview
The integration with DecisionLender 4.0 allows users to create all applications on the DecisionLender 4.0 system and submit the loan to CU*BASE. The application is then ready to book based on the information being entered on DecisionLender 4.0 and submitted to CU*BASE. The once the loan is approved, create the loan account, and disburse funds. The loans will all be attached to a delivery channel unique to DecisionLender 4.0 to track the applications entered.
Schedule of Tasks
After signing on with DecisionLender 4.0 check out from the store to begin the integration process. CU*Answers will configure the delivery channel for completed applications to be submitted. DecisionLender 4.0 will need to program any products to match what you currently offer in CU*BASE.
CU*Answers estimates 60-90 days from request to live date, this may vary with DecisionLender 4.0
Online Banking application process and the delivery to LOS in replacement of ItsMe247. Options available- Simple Redirect- onetime setup of $500.00 and $50.00 monthly maintenance. This is optional and will have a standalone project request outside of the integration development.
How it Works
Once the integration is live, loan applications will be created in DecisionLender 4.0 and exported to CU*BASE. Depending on the information entered on the DecisionLender 4.0 application no additional maintenance should be done on the application once inside CU*BASE. The loan officer should only need to create the loan account and finalize the loan documents and maintenance.
Technical Details
The applications will all come in attached to a unique delivery channel, this will allow you to easily identify which loans are coming from DecisionLender 4.0.
This integration is designed to support consumer loan applications being sent from a third-party vendor to CU*BASE. The workflow for membership creation, loan disbursement and other tasks related to CU*BASE loan creation are unchanged. Additional discussion will be needed to determine a workflow for non-member applications, variable rate loans, custom fields, or other items that are CU*BASE functions as support for those items will vary.
Requirements/Prerequisites
Credit union needs an existing relationship with the DecisionLender 4.0 platform