CHICAGO—Revvin—a provider of a mortgage point of sale and home equity line of credit (HELOC) platforms—said it has signed a distribution agreement with CUNA Mutual Group.
With this agreement, CMFG Fintech Solutions will add Revvin to its suite of end-to-end services for credit unions and other financial institutions, according to the company.
“At Revvin, our mission is to democratize technology for a world where every financial institution can act like a modern-day technology company—without writing code,” said Valentin Saportas, CEO at Revvin, in a statement. “Our software is well suited for lenders of all types and sizes, but we are particularly eager to join CUNA Mutual Group in delivering custom borrower experiences to credit unions.”
According to Revvin, its “highly intuitive” platform has more than 80 technology integrations and serves 128 credit unions, five banks and 11 non-bank partners. The company said lenders can “easily implement the platform, make changes to workflows, and configure business rules and integrations without the cost or effort of writing code.” Its institutions have seen a 50% reduction in application submission time and an overall reduction in time to process a mortgage loan from application to closing of up to 40%, the company said.
Supporting the ‘Mission’
“CMFG Ventures’ investment in Revvin and now the partnership with CMFG Fintech Solutions further supports our mission to offer financial institutions and their consumers with frictionless lending experiences,” said Ronny Chapman, SVP, CMFG Fintech Solutions.
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