Kasasa Loan Application Export

Overview

Use CU*Base to book your Kasasa loan applications, and use unique underwriting codes to transmit the applications directly to Kasasa for servicing.

Schedule of Tasks

1. Establish relationship with Kasasa
2. Request CU*BASE export
3. Identify any forms that are required for Kasasa loan application process – see requirements
   (CU*Answers has programmed a Kasasa Loan Agreement which can be used for a one-time $100 implementation fee. A quote will be provided for any other custom forms programming)
4. Create Loan Categories in CU*BASE based on any new offerings you intend to offer through Kasasa

How it Works

Applications are created in CU*Base and submitted to Kasasa for servicing. The application process will remain the same as any other CU*Base loan. After completing the application, use the Kasasa Loan underwriting code to approve and create the OTB loan. The underwriting code is used to identify the applications that need to be transmitted to Kasasa for servicing. After using the OTB Approved option the application will be removed from the CU*BASE loan queue.

Technical Details

Applications will be automatically reviewed for the Kasasa Loan underwriting code and transmitted. No additional steps are required in CU*Base after the appropriate code is added to the application. These loans will be fully serviced on Kasasa. No information beyond the application will be stored in CU*BASE, any balance information, payments, or inquiries will be done through Kasasa.

NOTE: We have an existing project with the vendor to create an OTB file exchange, this project has been put on hold by the vendor until further notice. To track members who have an existing loan Kasasa loan product a member account comment, tracker, or OTB loan record must be created manually.

Requirements

• Credit Union must have an established relationship with Kasasa Loan Program.
• Any forms required for the Kasasa Loan applications would need to be built within CU*Forms. CU*Forms does allow credit unions the ability to map forms yourself, or you can reach out to our Imaging Team to receive a quote for them to map the forms for you. Form requests are handled in the order they are received.
• CU*Answers has programmed the Kasasa Loan Agreement form is available to be added within your CU*Forms environment. All form quotes are provided by the Imaging Team.

Look before you leap!  Remember that while we have completed an interface with this vendor, that interface may not necessarily include all the functionality that vendor offers, or it may not support the specific product you are considering from that vendor. If what we built doesn’t meet your needs and you want us to build something different with this vendor, visit the DHD store to start a new custom project request.

Search this service on AnswerBook