Farmers Insurance Federal Credit Union Grows Loans by 425%

Farmers Insurance Federal Credit Union saw loan growth from $62 million to $268 in one year thanks to Coviance.

Coviance
Published
November 20, 2023
Table of contents

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Manual application processing was causing members of Farmers Insurance Federal Credit Union to complain about slow turnaround times, long hours, and delays. Farmer’s turned to the Coviance platform to:
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  • See loan growth from $62 million to $268 million in one year
  • Experience excellent customer support
  • Receive impeccable training

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About Coviance

Coviance is a lending experience platform built specifically for home equity. Powered by our proprietary Collateral Decision Engine™, Coviance’s intelligent automation and communication workflows are based on application data, property data, and loan purpose. Lenders experience boosted productivity, increased loan volume and pull-through rates and elevated experiences across the entire lending process for borrowers and lenders alike. Contact us today to explore how you can achieve similar success.

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