Case Study: All In Credit Union cuts loan processing from 60 days to 10 with Coviance

All In Credit Union cuts loan processing from 60 days to 10 with Coviance

The customer, All In Credit Union, was facing long loan processing times that were driving potential members away. To address this challenge, they partnered with the vendor Coviance and implemented their lending experience platform, which is specialized for home equity and powered by the Collateral Decision Engine.

The solution from Coviance utilized intelligent automation and communication workflows. This allowed All In Credit Union to drastically reduce its loan processing time from 45-60 days down to just 10-12 days. The measurable results include the ability to manage higher loan volume more efficiently and a competitive edge that even leads to referrals from other banks.

All In Credit Union