Name: I want to partner with LoansPQ
SKU: 4689
Price: 15000.00 USD
Availability: InStock

I want to partner with LoansPQ

$15,000.00 ^{/ one time fee}

Additional $1.00/application

Integration between LoansPQ loan origination software and CU*BASE. Export loan applications from LoansPQ to GOLD for account creation and funding.*

*Note: Existing relationship with LoansPQ required.

Additional Agreements Required

This service requires CU*Answers to deliver credit union member information to a third party, and will require a Master API Indemnification Agreement to be signed. Per your online order being received, a DHD representative will forward this agreement to you.

Overview

The integration with LoansPQ allows users to create all applications on the LoansPQ system and submit the loan to CU*BASE. The application is then ready to book based on the information being entered on LoansPQ 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 Lending 360 to track the applications entered.

Schedule of Tasks

After signing on with CU Direct check out from the store to begin the integration process. CU*Answers will configure the delivery channel for completed applications to be submitted. CU Direct 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 LoansPQ

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. Single Sign On- $1000.00 onetime setup, $100.00 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 Lending 360 and exported to CU*BASE. Depending on the information entered on the Lending 360 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 LoansPQ.

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.