COLLINSVILLE, Ill. – Scott CU said it has implemented a new online mortgage loan application system introduced by Financial Industry Computer Systems, Inc.
The new system, known as LPOnline, offers an embedded loan application within the credit union’s existing website. Members are able to enter personal and confidential information on the credit union’s familiar website rather than being directed to an unfamiliar third party loan application website. Increasing the comfort level for borrowers raises the rate of completion and accuracy of submitted loan applications.
LPOnline is directly connected to FICS’ back-end loan origination system, Loan Producer, so loan product information, such as rates tables and minimum credit score per product plan, is leveraged to minimize the implementation and maintenance of the online loan application.
