King’s Federal Credit Union Cuts Loan Cycle & Scales Loans

With Coviance, King's Federal Credit Union cut the HELOC cycle to 15 days or less, scaled loans to 75, and increased loan totals by $4 million.

Coviance
Published
July 20, 2023
Table of contents

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The demand for home equity lending is skyrocketing, and with a manual and disjointed process, King’s Federal Credit Union needed to simplify and automate the loan cycle. By turning to Coviance’s Home Equity Express platform, they:

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  • Cut the 30-60 day loan cycle down to 15 days
  • Increased HELOC loan totals by $4 million in the first year
  • Freed up the lenders’ time for more mission-critical activities
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