Loan automation

Automation has changed the way credit unions do business. While high touch remains a tenet of the credit union philosophy, high tech is a fact of life for any financial services provider. And in today's wired world, members have come to expect anywhere, anytime convenience. So loan automation helps credit unions do what they do best: make loans with the best service possible Unfortunately, the wealth of options available in today's marketplace sometimes makes it difficult to find the right solution for your credit union. to help you sort through the competitive, ever-growing marketplace, this buyer's guide provides descriptions of some loan automation suppliers and their products.

Product and service descriptions were provided by the companies included in the guide. Inclusion or exclusion of information or firms reflects no partiality by Credit Union Management or CUES. In addition, the magazine and CUES do not assume responsibility for products listed. Inclusion does not imply product endorsement.

* Denotes financial Suppliers Forum member.

ALLTEL Information--Services Mortgage Division

601 Riverside Ave. Jacksonville, FL 32204 Phone: [phone] Fax: [phone] Contact: Bill Wirka, marketing specialist

ALLTEL provides software solutions to the mortgage industry and is the industry's largest provider of servicing software. ALLTEL's front-end products include loan origination, processing, secondary marketing and risk management software. ALLTEL InterChange, a value-added EDI network, offers a common means of communication with virtually anyone involved in the mortgage process. ALLTEL Datanet (TM), ALLTEL's satellite data communications network, serves manufacturers, retailers and financial institutions.

APPRO Systems Inc.

9489 Interline Ave. Baton Rouge, LA 70809 Phone: [phone] Fax: [phone] Contact: Amanda Wesley, corporate communications

APPRO Systems is a credit risk evaluation software provider. APPRO's flagship product, the MP-100 Risk Processor, is a PC/LAN-based consumer lending software product that assesses, evaluates and renders credit decisions for up to 100 different loan products based on up to 800 user-defined attributes.

Contour Software Inc.

700 W. Hamilton Ave. Campbell, CA 95008 Phone: 800/CONTOUR (266-8687) Fax: [phone] Contact: Matt Larson, sales

The Loan Handler is a complete loan processing system that originates, calculates, updates and prints laser sharp conventional, VA and FHA loan documents. Contour's Seamless EDI allows the user to direct credit reports into the 1003, submit loans, order mortgage insurance or do a statistical appraisal electronically. Contour...