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

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:

  • See loan growth from $62 million to $268 million in one year
  • Experience excellent customer support
  • Receive impeccable training

About Coviance

Coviance is a lending experience platform built specifically for home equity. Powered by our proprietary Collateral Decisioning 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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