CU*Answers recently promoted CLR Path as a way to evaluate borrowers on what the credit union already knows about them. This feature is built into CU*BASE, CU*Answers’ core processing software and is free of charge to credit unions in its network.
Using the CLR Path feature, credit unions can evaluate a borrower on conditions such as if they are a long-time member, have high balances with the credit union, a history of paying back loans, or perform a regular direct deposit at the credit union. The feature gives a uniform score that can advise them in their underwriting process.
The Remember This series promotes features from earlier releases to encourage CU*Answers clients to take full advantage of all the features available to them free of charge in CU*BASE. Previous Remember These emails have focused on other lending features, as well as features for all employees at the credit union.
