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CO-OP Member Center has new loan origination system
RANCHO CUCAMONGA, Calif. (8/31/10)--CO-OP Member Center will use Lending 360’s new Loan Origination System (LOS), an underwriting solution, for its lending services as part of an agreement with CU Direct Corp., CO-OP announced Monday. LOS, scheduled to be on-line with CO-OP Member Center by early 2011, will provide CO-OP Member Center and its clients with a lending platform to support loan application processing across all lending channels. It incorporates CU Direct Corp.’s CUDL Decision Manager decision engine and a new customizable workflow engine, allowing CO-OP Member Center to work with its clients to structure a workflow that includes commonly adopted underwriting and customized rules. Based in Fort Worth, Texas, CO-OP Member Center is a wholly owned subsidiary of CO-OP Financial Services. CU Direct Corp. is a parent company to CUDL, an indirect auto lender for credit unions.


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