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 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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