Case Study: Alltru Credit Union achieves faster home equity closings with Coviance

Alltru Credit Union cuts home equity closing times from over 2 months to 30 days with Coviance

Alltru Credit Union, a credit union serving the St. Louis area, faced prolonged home equity closing times exceeding two months due to inefficient manual processes and managing multiple vendors for title reports. This challenge frustrated members and hindered the credit union's competitiveness. To address this, Alltru partnered with Coviance for its lending automation solutions.

By implementing Coviance's platform, Alltru centralized its title services and automated key workflows. This solution drastically reduced average closing times from over two months to 30 days or less. The results included enhanced member satisfaction, reduced operational bottlenecks, and a new competitive advantage that allows Alltru to market its faster turnaround times.

Alltru Credit Union