ONTARIO, Calif. (4/8/11)--Lending Insights, a provider of analytical tools and business intelligence solutions for credit unions and the flagship brand for CU Direct Corp., announced new consulting services to help credit unions improve loan portfolio performance. The consulting services help credit unions better understand their lending programs, establish policies and procedures to meet regulatory requirements, and help advance their programs and improve overall lending performance. "With new state and federal regulations in place, the continued uncertainty of today's economy, and a very competitive lending marketplace, we identified a growing need for comprehensive consulting services that help credit unions navigate the many hurdles they're facing, and to provide a road map for loan growth," said Mike James, chief operating officer at Lending Insights. The services address:
* Loan profitability and pricing review by credit tier; * Loan portfolio performance review; * Detailed lending peer comparison; * Risk mitigation program development; * Underwriting effectiveness and streamline study; * Lending program and strategy development; * Financial model development; and * Training.
Lending Insights also provides credit unions with online monitoring and reporting tools to help credit unions manage their loan portfolios and meet regulatory compliance requirements. Its Lending Performance Management System tracks performance and trends against a credit union's goals and provides branch management tools, full drill-down capabilities to assess performance by portfolio segments, and market intelligence tools to benchmark performance against that of other lenders.