Fort Worth City Credit Union To Offer Paperless Mortgage Closings Using E ...
Fort Worth Citi Credit Union has only one branch, which poses an efficiency and energy problem when it comes to executing loan documents, because the CU has to either build new branches or require customers have to drive long distances to sign paper documents in person. The credit union believes it’s found a solution by combining web banking and signature automation in a way that sheds paper, reduces pressure to build more physical locations and exudes a level of security to ensure consumer comfort with remote loan transactions.
The 14,000-member Texas-based credit union is enabling its members to access a document automation solution called TotaleAtlasWeb through its home banking portal, which is provided by PM Systems Corporation. The CU’s document management vendor, IMM, says Fort Worth City CU is the first client to access TotaleAtlasWeb in this manner.
By accessing the document management software through the banking web portal, the CU’s members can use their online banking user name and password, eliminating the need for independent authentication. Additional security for document viewing is provided through digital signature capture via the web.
The credit union’s looking for energy and workflow savings from the deployment, which is still in its early stages. By enabling remote loan closings, members don’t have to sign documents in branches—which would reduce the need for more physical space and the carbon footprint of building and maintaining new branches, as well as the necessity of keeping those branches open extra hours for fulfillment. Consumers will travel less, and labor is also reduced, since the credit union’s staff are freed from document processing duties and extra hours.
“People can execute a loan anywhere in the world, and we don’t have to put up a separate site that people have to go to,” says Zane Archer, network administrator for the credit union.
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MANSFIELD, Texas, Jun 28, 2011 (BUSINESS WIRE) -- Texas Trust Credit Union, one of the largest credit unions in North Texas, is making millions of dollars of small business loans available to organizations in its service area in a move to help small
The Pennsylvania Credit Union Association said it is “is in the early stages of planning a webinar to discuss” the Fed's 21 cents cap which takes effect Oct. 1. The Texas Credit Union League said it is hosting an “executive briefing” next Tuesday on
The 14000-member Texas-based credit union is enabling its members to access a document automation solution called TotaleAtlasWeb through its home banking portal, which is provided by PM Systems Corporation. The CU's document management vendor, IMM,
United Heritage Credit Union branches are located throughout the Austin metro area and in Tyler in Northeast Texas. The credit union has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 9.62% (above average)
© 2011 AP BEAUMONT, Texas — The head of a Southeast Texas government employees' credit union has been sentenced to more than three years in prison after pleading guilty earlier this year to federal charges relating to embezzlement.
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