Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
Rochdale Group launches revalidation technology
OVERLAND PARK, Kan. (9/16/09)--The Rochdale Group announced the availability of e-Revalidation, which is designed to test 100% of a credit union’s risk-based loan portfolio. e-Revalidation delivers comprehensive reviews of credit unions’ risk-based lending and pricing models. It also eliminates internal disruptions related to onsite reviews, which frees credit union staff time, and saves money by eliminating customary travel expenses incurred by in-person revalidation engagements. Credit unions’ risk-based-lending and pricing scorecards should be revalidated regularly, according to The Rochdale Group. After a review at the end of the first year of risk-based lending, a revalidation typically is performed every two years. Philadelphia (Pa.) FCU, which receives more than 10,000 consumer loan applications per year, implemented e-Revalidation. It reviewed 13,953 consumer transactions conducted during a 12-month period. Previously, the credit union had tested a random selection of total loan transactions. The Rochdale Group, based in Overland Park, Kan., provides services to more than 500 credit union entities nationwide.


RSS





print
News Now LiveWire
Cornerstone CU Union Foundation says it's prepared to assist #CUs & their employees affected by severe storms in Arkansas and Oklahoma.
5 hours ago
In 2014,use of remote deposit capture experienced 13% increase to 51%. But checking a balance continued to B the most common mobile activity
5 hours ago
'Fixing Your Finances' part of @PCUA's #iBelong campaign http://t.co/7j6HO1njog @fox43 @Bellco_CU @Members1stFCU
8 hours ago
Home prices outpacing income growth in 3/4 of U.S. markets @RealtyTrac http://t.co/BQR1w4k822
11 hours ago
Refinance #MarchMadness: Refis drive up mid-March mortgage apps: MBA http://t.co/rTUnlJB516
14 hours ago