Happy Anniversary! January 2014

We would like to recognize the following customers celebrating milestone anniversaries with us this month.  We truly appreciate your business and loyalty!

Our credit union in Evansville, IN (5 years)
Our bank in Fort Madison, IA (10 years)
Our bank in Torrington, WY (5 years)
Our credit union in Wabash, IN (5 years)

Here’s a shout-out to these fantastic customers!

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FAQs

How does a loan origination system work?

An LOS is defined as a system that automates and manages the end-to-end steps in the loan process – from the application, through underwriting, approval, documentation, pricing, funding, and administration.

What is the difference between loan origination and underwriting?

A loan officer is someone who works for a bank or credit union or other financial institution and offers loans to borrowers, while an underwriter is someone who analyzes documents from potential borrowers to determine if they are eligible for a loan.

What are the benefits of loan origination software?

By now, lenders are well versed in the benefits of a digital loan origination system, such as: Providing borrowers with easy, streamlined, and digital applications. Providing bankers with automating spreading and financial analysis tools.