ROCKVILLE, Md. – National Institutes of Health FCU has become one of the first lenders to implement Mortgagebot’s new consumer lending module to its PowerSite integrated point-of-sale solution.
The new module allows credit unions and banks to apply the flexibility, efficiency, and innovation of advanced online technology to their entire lending business -- to both mortgage loans and now consumer loans. Mortgagebot, which manages mortgage lending websites for more than 1,100 credit unions and banks through PowerSite, takes the IPOS’ capability a step further by adding consumer loan origination in a frictionless, easy-to-use platform for end users.
"Our credit union has already had great success with Mortgagebot's online application system (for mortgages)," said Christopher Ercole, senior vice president and chief lending officer for the $500 million credit union. "We view consumer lending as an integral part of our business model and are looking to the new module to grow our consumer lending business."
