Case Study: Arizona Financial Credit Union cuts HMDA prep time from 60 hours to 8 with Ncontracts Nlending HMDA Transmittal

Arizona Financial Credit Union cuts monthly HMDA prep from 60 hours to 8 with Ncontracts

Arizona Financial Credit Union, a Phoenix-based credit union with over $3 billion in assets, faced significant challenges with its HMDA reporting process. The need to manually reconcile data from three separate loan origination systems was a major time burden, consuming 40 to 60 hours each month and introducing audit risk. To address this, they partnered with Ncontracts and implemented its Nlending HMDA Transmittal solution.

The solution from Ncontracts streamlined the entire process, allowing for data import, in-system editing, and direct submission. This resulted in immediate and dramatic time savings, cutting monthly HMDA preparation from 60 hours down to just 8. The Ncontracts platform also provided greater visibility into data errors and built team confidence, enabling new members to be onboarded and become productive from their first day.

Arizona Financial Credit Union