HERNDON, Va. Northwest FCU is the first financial institution to connect Akcelerant’s Framework loan system with Grant & Weber’s system, allowing the credit union to check the status of loans that have been turned over to Grant & Weber for collection.
The feature has enabled Northwest Federal “to run a variety of reports and views based solely on the charge off accounts that Grant & Weber has worked providing us full visibility to all of our accounts,” said Phil Frye, a technical specialist with the $1.3-billion credit union.
Users of the connector also can view notes by attorneys whom Grant & Weber retains to pursue collections in the courts. The company said the feature lets users create an optimal work environment by outsourcing delinquent accounts to Grant & Weber.
