The Loan Document/Application Processing Module is a time saving tool that streamlines loan creation by automating many aspects of processing new loans. This software module prints disclosures and loan applications, as well as calculates pre- and post-debt ratio and maintains a loan checklist and loan officer report. Additionally, 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. Additionally, 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
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
Insurance Calculations Supported:
  • Single Premium
  • Level Rate Monthly Premium
  • Monthly Renewable