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
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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 the Coviance platform, King's has:

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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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About Coviance

Coviance transforms how community banks and credit unions elevate the borrower experience, accelerate loan origination, and simplify operations and compliance management. By harnessing intelligent automation, lenders boost productivity, increase loan volume, and elevate experiences across the entire lending process. Contact us today to explore how you can achieve similar success.

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