MEMBERS Development Co. elected the following new officers to its Board of Directors.
THE market
BROOKFIELD, Wis. – Fiserv announced that international humanitarian organization, CARE, will soon accept donations via the Popmoney personal payment service.
BURLINGAME, Calif.– ComplianceEase, a provider of automated compliance solutions, has launched ClosingXchange, a solution that enables lenders and settlement agents to maintain communications and exchange data securely and seamlessly, helping to assure compliance with the TILA-RESPA Integrated Disclosure (TRID) rule.
According to the company, ClosingXchange reduces risks by flagging fee changes throughout the lifecycle of a transaction and analyzing the impact of those adjustments based on changed circumstances. The solution can identify fee tolerance variances with valid changed circumstances before loans close. It works with ComplianceAnalyzer with TRID Monitor, the company’s online compliance management platform for real-time, integrated, loan-level auditing including pre-close and post-consummation reviews.
ComplianceEase said ClosingXchange can use Uniform Closing Dataset (UCD) XML data files as well as PDF documents to perform real-time analysis to reduce cycle time—eliminating manual “stare and compare” change detection.
“ClosingXchange reduces manual data entry with integrated data delivery and leverages existing settlement agent production software for producing closing statements and data, so there is no need for a separate document generation portal. It further streamlines the process by automating post-closing, final document delivery, and document tracking,” the company said.
DULUTH, Ga. – CU Anytime, a provider of high availability management services to member credit unions, said it will upgrade its ATM management system to an integrated, powerful channel management software platform from NCR Corp. and INETCO.
GRAND RAPIDS, Mich.–CFOs and accounting managers representing 22 different client credit unions met at CU*Answers’ offices here to participate in a day of roundtable discussions about the CUSO’s strategies and tools for credit union accounting teams.
BURLINGAME, Calif.–– ComplianceEase, a provider of automated compliance solutions, announced it is revamping its RegulatorConnect Certification Program, called RC Certify, to help technology providers and lenders prepare for the more data-intensive mortgage examinations that have emerged over the past few years and are expected to soon include TILA-RESPA Integrated Disclosure (TRID) reviews.
ELGIN, Ill.–Lending Solutions Consulting (LSCI) has published the 8th edition of its University of Lending Manual. The manual was first published in 1996, and according to LSCI continues to be updated with innovative ideas and training concepts for credit unions. The updated manual was released in conjunction with the graduation of the 201th University of Lending Class, where 87 attendees from 44 credit unions graduated from the school.
“We are very excited about the manual, but we’re more excited about the amazing results our clients are achieving,” said Rex Johnson, president of Lending Solutions Consulting. “Earnings are exploding and our clients are truly living up to the credit union mission of serving the underserved. We have some clients who are approaching 3% ROA, all while keeping delinquencies in check.”
OSHKOSH, Wis.– Chatter Yak!, a CUSO specializing in marketing, advertising and social media consulting, said its Yak Tracker solution helped Honor Credit Union to generate more than 800 new loan leads from social media.
ATLANTA– FMSI has unveiled a new schedule editor—the latest enhancement for its industry leading Omnix Staff Scheduler.
SCOTTS VALLEY, Calif.–Two credit unions have selected Intuvo, a provider of marketing automation software and a division of CU Direct.