FOND DU LAC, Wis.–As a part of its ongoing Educational Webinar Series, Info-Pro Lender Services’ said its webinar today will focus on how credit unions can “streamline their mortgage release process” by outsourcing those functions.
Fresh Today
ALEXANDRIA, Va.–Credit unions where the sponsor company is struggling. Difficulty finding a new CEO. A small town where two CUs are looking to be merge into another CU. A payout to three execs at a CU that’s losing money. And some unique credit union names that will be disappearing, plus one CU that found sunnier skies elsewhere. All of that and more can be found in part III of CUToday.info’s three-part series this week on the more than 30 most recent merger applications filed with NCUA.
WASHINGTON–A survey of economists by Reuters has found most agree the Federal Reserve will go for its fourth consecutive 75 basis point interest rate hike when it meets on Nov. 2, with the economists saying the central bank should not pause until inflation falls to around half its current le
NASHVILLE, Tenn.—FICO’s hold on the mortgage market is loosening. The Federal Housing Finance Agency said it will now require lenders that use credit scores for mortgage underwriting to use scores from both Fair Isaac Corp., the creator of FICO credit scores, and its competitor VantageScore Solutions LLC.
LAS VEGAS–Should credit unions pull back the curtain on what traditional banks, neo banks and fintechs are talking about right now, they will find the conversation, concerns and investments sound a lot like their own.
LAS VEGAS–The fifth “massive” technological shift is underway and the resulting changes to financial services are going to be “monumental,” according to one person.
LAS VEGAS–It won’t be that much longer before cardholders never “swipe” their cards again. But the “card” will remain, just in a different format, according to one person.
LAS VEGAS–In a financial landscape in which fintechs are nibbling around the edges in some cases and taking big bites of credit unions’ traditional marketshare in others, one person offered some encouragement here for how credit unions can respond. But it’s going to take some work.
LAS VEGAS–There are “good, bad and necessary” aspects of credit union partnerships with fintechs, and how to know which is which, why a credit union should invest (or avoid doing so), and what to look for in company founders were all part of a panel discussion here.
LAS VEGAS–It isn’t just that the FICO model is evolving, in many cases it shouldn’t even be used as a basis for lending, according to a panel of people here.