The Loan Document/Application Processing Module is a time saving tool that streamlines loan creation by automating many aspects of processing new loans.

Details

• This software module prints disclosures and loan applications, as well as calculates pre-debt and post-debt ratio and maintains a loan checklist and loan officer report.
  
  
• The system will store the application for future editing or printing.
  
  
• Once a loan application is stored, minimum information is needed for processing a new loan.
  
  
• CompuShare supports loan disclosure forms from several insurance companies, as well as several different formats.
  
  
• Both continuous and single sheet forms can be used, and laser generated forms are available to credit unions who use CUNA Mutual Insurance.
  
  
• Laser forms can also be defined through Microsoft Word and Adobe Acrobat. Loan Applications are printed on plain paper.

Benefits

• Completely integrated system
• Debit Ratio calculation
• Application storage, editing, printing, and retrieval
• Supports an unlimited number of disclosure forms
• Many disclosure forms are pre-defined for immediate usage
• On-screen loan calculations will solve various pricing options
• Closed-end forms
• Open-end forms
• Single-sheet and continuous documents
• Field sensitive help
• Forward and backward scrolling of screens permit easy review of all data

Insurance Calculations Supported:

• Single Premium
• Level Rate Monthly Premium
• Monthly Renewable

Pre-Defined Disclosure Forms:

• CUNA Mutual
• PHF (Formerly R.J. Katz)
• Creditor Services, Inc.
• Creditor Resources
• Minnesota Mutual
• Acordia Financial
• John Hancock
• Microsoft Word Laser Forms