17 AI Underwriting Benefits for Credit Unions (feat. Scienaptic)
Underwriting used to be as exciting as watching paint dry. Now, it’s all sci-fi, minus the alien invasion. The reality is that AI underwriting is changing the game for credit unions faster than you can say “automated risk assessment.” We’ve taken a tour behind the scenes at Scienaptic to see how their AI underwriting and […]
Calque and the Credit Union Trade-In Mortgage
Sometimes, a member wants to buy a new home. But before they can afford one, they need to sell their existing one. Their new mortgage is contingent on a home sale. So, what does your credit union do? There are a couple of options, usually starting with “nothing” and ending with “bridge loan.” But Calque […]
Crux Gives Credit Union Business Lending a Boost
Small- to medium-sized businesses make great credit union members. They’re a big part of the local economy, they borrow even when individuals don’t, and their loyalty is almost unmatched. Yet most credit unions don’t cater to SMBs. That’s a big missed opportunity. Read on to learn more about small business accounts, lending, and how Crux […]
The Credit Union Case for Rocket Mortgage® Partnerships
Rocket Mortgage is one of America’s largest and most recognized lenders1. Their digital lending journey and client experience are nearly unmatched in their field. Not surprisingly, credit unions—and CU 2.0—think of Rocket Mortgage as the competition. But might they make better partners? For a surprising number of credit unions, the answer might be “yes.” Read […]
Nesting Gives Startup and Tech Employees a Modern Mortgage
Normally, credit unions don’t give mortgages to people with high debt-to-income ratios, small down payments, and short job tenure. But then “doctor loans” allowed leverage on high income and job security afforded medical professionals. But physicians aren’t the only professional group that now have assets directly linked to high ability to repay despite a lack […]
Fintech Lending Provider Guide
This 2.0 Guide is intended to show the state of fintech lending in the U.S. It should also offer some perspective about why outside fintech lenders represents a clear threat to credit unions, as well as how credit unions can leverage partnering fintechs to fight back.
Sparrow Powers Credit Union Student Loans
Most credit unions don’t offer student loans and they don’t want to. Often, credit unions will point students towards a major national lender (i.e. Sallie Mae) in return for a small finder’s fee. This doesn’t give students many options or a good experience. Furthermore, it leaves a lot on the table for credit unions. There’s […]
The CU 2.0 AI Lending and Decisioning Guide
Download the complete guide here. This 2.0 Guide is intended to show the state of Artificial Intelligence (AI) and how it powers lending in the U.S. It should also offer some perspective about why using AI-powered lending is necessary for credit unions to compete with fintech and big bank lenders in the next few years. […]
How Can Credit Unions Incorporate BNPL and Installment Lending?
This blog is based on an expert discussion at our Summer 2022 Brainstorm Event. Register to attend our next one now! Living in the age of convenience and instant gratification has financial implications and the landscape around lending is changing to reflect that. Over the last several years, we’ve seen massive growth in Buy Now, Pay […]
Housetable and Fully Digital Home Improvement Lending
This is America. We have various but predictable wants. Whatever we want, we want it more, better, and faster. Fortunately, those adjectives are also the keys to growth and innovation. More, better, and faster perfectly encapsulates everything about housing in the last few years… and now, more, better, and faster describe the demand for home […]