Digital Loan Pre-Approval, Loan Acquisition/Recapture & Loan Reset
CU RateReset is a credit union specific service providing award-winning solutions for loan retention, loan reset, loan generation and digital pre-approval. Each solution is designed to enhance the digital member experience and assist the credit union in its digital transformation, providing a digital solution to retain loans a credit union already has on the books. CU RateReset allows members to reset the term of a loan to adjust the payment to accommodate life changes or help pay off high coupon credit debt elsewhere. These solutions allow member to be in control and have the terms and choices completely transparent. They are simple to implement and cost effective.
CU RateReset is easy to implement and because it has limited dependency on IT resources it is efficient and can expand your universe of prospects without increasing costs.
CU RateReset is a credit union specific product; no one else has services like these. Although some claim they have retention and reset solutions in place, these are often manual and cumbersome for your members. There are no other digital reset solutions. Digital Pre-Approval has no competition. It is the only multi-dimensional solution that allows a credit union to offer a member pre-approved products and provide your members with a means to fully understand the offer, make choices and execute the documents. CU RateReset’s services are unrepresented in the market, so you will be getting a unique product delivering a streamlined experience.
Members can select from the options offered, execute the required documents, and authorize the balance transfer to their new account.