LOUISVILLE, Ky.–Park Community Credit Union has selected the Origence’s Consumer Loan Origination System (LOS). Park Community CU’s move brings to more than 150 the number of financial institutions that are leveraging the LOS to drive both loan efficiencies and originations.
As a result of the partnership, the $1.16 billion Park Community will be implementing the consumer LOS to bring a modern, streamlined lending experience to their members and staff, and strengthen their marketplace presence, the Irvine, Calif.-based company said.
“As we started our digital-first journey, frictionless full-featured online member onboarding and quick, easy lending to our members was imperative,” said Jason Whitsell, Park Community Credit Union’s chief information officer. “Our goal was to find a lending solution that would create a modern, real-time lending experience that’s both convenient for our members and efficient for our support team. We believe that we have found that solution with Origence, and we look forward to it being a core part of digital transformation.”
Additional Features
Describing its solution as an industry-leading, comprehensive account and loan origination system, Origence, a brand of CU Direct, said its Consumer LOS offers dynamic features that optimize the entire loan application process, giving credit unions the ability to greatly enhance lending performance and member experience.
“With Origence, lenders are able to truly set themselves apart in today’s fast-paced lending landscape,” the company said. “The LOS’ account origination capabilities allows borrowers to open checking, savings, money market and certificate accounts online at any time.”
Origence added that with the system’s workflow engine, lenders have a single platform that automates application processing activities across all consumer lending channels.
Improved Experience
“Origence is dedicated to improving both the lenders’ user and borrower experience by using innovative technologies that leverage extensive marketplace research, needs, voice of the customer and data driven results,” noted Brit Barker, vice president of enterprise solutions at Origence. “We’re excited to be working with Park Community Credit Union to help them achieve their lending goals, and gain a true competitive edge in the marketplace, by leveraging our consumer LOS capabilities.”