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Sales Boomerang Becomes Affiliate Member of ACUMA, Bringing New Tools for Member Retention to Credit Unions

WASHINGTON, D.C. -- Sales Boomerang, the industry's top-rated automated borrower intelligence and retention system, today announced it has joined the American Credit Union Mortgage Association (ACUMA) as an affiliate member. As a member of ACUMA, Sales Boomerang provides tools for credit unions looking to improve member retention, increase member utilization of mortgage and home-equity loan programs and strengthen referral relationships with real estate agents.

Sales Boomerang alerts credit unions to their members' activity at the most advantageous times. For example, when a member's credit activity indicates they may be mortgage shopping, or when their credit score improves, Sales Boomerang notifications allow credit unions to help members apply for a loan for which they were previously not qualified. On average, credit unions using Sales Boomerang improve their member retention by 11.66% and see a 20 to 40% average lift to loan volume.

"We're proud to be an affiliate member of ACUMA and eager to help credit unions improve mortgage lending services to their members," said Sales Boomerang CEO Alex Kutsishin. "Bringing relevant loan options to members' attention at the most opportune time helps credit unions deliver on their mission. We're looking forward to helping CUs focus on what matters most: their members."

ACUMA is an organization of and for credit unions that brings together shared real estate lending and financing interests. ACUMA member organizations include federal- and state-chartered credit unions and Credit Union Service Organizations (CUSOs), mortgage insurance companies, secondary market investors and investment banking firms and mortgage technology firms.

"Our organization serves as a resource to thousands of credit union professionals and their primary suppliers to network, share knowledge, build relationships and grow market share," said Tracy J. Ashfield, ACUMA President. "We're pleased to present an additional resource to our members and extend Sales Boomerang a warm welcome."

About Sales Boomerang:

Sales Boomerang revolutionized the relationship between a Mortgage Lender and Borrower with the introduction of the only automated Borrower Intelligence System in 2017, which tells lenders when anyone in their database is ready for a loan. Today, Sales Boomerang is the #1 Borrower Retention strategy in the industry and has discovered over $30B in new volume for Lenders. Sales Boomerang's notifications are integrated with the best CRM/Marketing Automation Systems in the industry to provide a seamless experience for Lenders and Borrowers. Sales Boomerang's employees are dedicated to improving the lending experience for Lenders and Borrowers, and united behind the ethos - No Borrower Left Behind(tm).

About ACUMA:

The American Credit Union Mortgage Association provides resources and education to credit unions aimed at streamlining performance, processes and procedures for real estate lending services. ACUMA's goal is to encourage credit unions to help more consumers get fairly priced and safe mortgage loans delivered locally, and in so doing, providing them with a pathway to the American dream of home ownership.

Twitter: @SalesBoomerang @ACUMACommunity #mortgageindustry #mortgagemarketing #customerretention #ACUMA

Related link: https://www.salesboomerang.com/

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Business, Free News Articles, Software

LBA Ware Joins ACUMA, Brings New Tools for Optimizing Mortgage Team Performance and Compensation to Credit Unions

MACON, Ga. -- LBA Ware(TM), a leading provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, has joined the American Credit Union Mortgage Association (ACUMA) as an affiliate member. Through the membership, LBA Ware aims to strengthen credit unions' competitiveness and performance by equipping them with solutions that simplify the mortgage compensation process and help teams use their data to drive new levels of performance.

Tried and tested by more than 100 lenders of all sizes, including GreenState Credit Union and Cyprus Credit Union, LBA Ware's CompenSafe(TM) automates variable compensation plans, giving lenders efficiency and control that spreadsheets simply can't provide. By bridging the gap between payroll and loan origination systems, CompenSafe eliminates errors associated with manual data entry and updates originators of the status of their compensation in near real-time.

LimeGear, LBA Ware's turnkey BI platform, helps lenders increase productivity and efficiency with out-of-the-box dashboards and team-, employee- and loan-level data insights. Credit unions can use LimeGear to efficiently track the progress of loans through the pipeline without ever logging into their loan origination system (LOS).

"Credit unions play a vital role in expanding credit and mortgage access and providing trusted financial guidance to their communities. Joining ACUMA as an affiliate member enables us to help more CUs streamline their mortgage operations and improve team performance, which in turn frees them to focus on prioritizing members' needs," said Lori Brewer, founder and CEO of LBA Ware.

ACUMA is an organization of and for credit unions that brings together shared real estate lending and financing interests. ACUMA member organizations include federal- and state- chartered credit unions and Credit Union Service Organizations (CUSOs), mortgage insurance companies, secondary market investors and investment banking firms and mortgage technology firms.

"Our organization is a powerful resource that creates opportunities for credit union professionals and their primary suppliers to network, share knowledge, build relationships and grow market share," said Tracy J. Ashfield, ACUMA President. "ACUMA members live up to the CU motto of 'people helping people' by being generous and transparent in sharing their roads to their success with fellow members. We extend a warm welcome to LBA Ware and celebrate their recent membership."

About LBA Ware(TM):

LBA Ware is a leading provider of cloud-based software for mortgage lenders. Since 2008, LBA Ware has been on a mission to help mortgage companies reach new heights with software that integrates data, incentivizes performance and inspires results. Today, more than 100 lenders of all sizes, including some of the nation's top producing mortgage companies, use LBA Ware's award-winning technology to enhance lender experiences and maximize the human potential within their organizations. A 2020 Inc. 5000 fastest-growing private company, LBA Ware is headquartered in Macon, Georgia. For more information, visit https://www.lbaware.com/.

About ACUMA:

The American Credit Union Mortgage Association provides resources and education to credit unions aimed at streamlining performance, processes and procedures for real estate lending services. ACUMA's goal is to encourage credit unions to help more consumers get fairly priced and safe mortgage loans delivered locally, and in so doing, providing them with a pathway to the American dream of home ownership.

Twitter: @LBAWare @ACUMACommunity #mortgageindustry #mortgagetechnology #mortgagelending #ACUMA

Related link: https://go.lbaware.com/

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Advertising and Marketing, Business, Free News Articles

IDS Signs on as Gold Sponsor for 2019 ACUMA Annual Conference

SALT LAKE CITY, Utah -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has agreed to serve as a Gold Sponsor for the American Credit Union Mortgage Association (ACUMA) 2019 Annual Conference, to be held September 22-25, 2019 at the Gaylord National Resort and Convention Center in National Harbor, Maryland.

"As a sponsor for this year's ACUMA Annual Conference, IDS is pleased to assist credit unions in optimizing their mortgage operations to meet the challenges of today's lending environment," said IDS Vice President and General Manager Mark Mackey. "In fact, the idsDoc platform was born inside of a credit union, giving us additional perspective on the unique challenges and concerns credit unions face in providing mortgage products and services to their memberships."

"For example, credit unions typically offer custom home loan programs to better serve their members and often service those loans in-house. Therefore, for the digitally-minded credit union, having a system that can support this kind of specialized lending environment becomes even more important," Mackey added. "One of the hallmarks of the idsDoc platform is its ability to accommodate unique loan programs via customized documents and flexible workflows, thus enabling credit unions to stay true to their mission while also remaining competitive from both a service and technology standpoint."

ACUMA's mission is, "to be the complete 'source' for credit unions and their business partners, for information, networking and advocacy for mortgage lending and housing finance." The annual conference, which attracts approximately 500 mortgage leaders in the credit union space, is designed to educate credit unions on the rapidly changing landscape of mortgage origination.

"We're delighted to have IDS sponsoring the conference," said Bob Dorsa, president of ACUMA. "It's great to have a company with a history of serving credit unions supporting ACUMA."

About IDS, Inc.

IDS, a Reynolds and Reynolds company, was founded in 1986 in Salt Lake City, Utah, and is a nationwide provider of mortgage documents and compliance. IDS services include eSignatures, closing documents, initial disclosures, document fulfillment and integration with leading loan origination systems and eClosing platforms. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regards to major industry compliance changes. (https://info.idsdoc.com/)

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Business, Free News Articles, Software

Credit Unions Successfully Leveraging OpenClose LenderAssistâ„¢ LOS

WEST PALM BEACH, Fla. -- OpenClose(R), a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that multiple credit unions are now using OpenClose's LenderAssist(TM) LOS platform to automate the mortgage side of their businesses.

The company will be attending the American Credit Union Mortgage Association's (ACUMA) annual fall conference being held at the Bellagio Hotel and Resort in Las Vegas on Sept. 24 - 27, 2017, which this year has a focus on new technology and digital mortgages.

OpenClose has been helping credit unions optimize the member/borrower experience, simplify their mortgage processes, improve efficiencies, maximize productivity, reduce costs and ensure compliance. Its end-to-end web and SaaS-based LOS can be configured to credit unions' unique way of doing business.

Credit union implementations are swift, easy and are custom-configured by the OpenClose team. The onus of the implementation is performed by OpenClose along with comprehensive training and support. Maintenance of the LOS is completely handled by OpenClose, requiring no extra resources from credit unions.

"OpenClose treats customers as long-term partners, responding to enhancements and new functionality requests while always providing excellence in support and training," said JP Kelly, president of OpenClose. "Our customers aren't just numbers at OpenClose, as with so many other LOS vendors. This directly ties into the way credit unions service their members."

The LenderAssist LOS creates a seamless workflow process that removes manual touch points, freeing employees up to devote more time to member service. Throughout the mortgage lending process, OpenClose checks for QM/ATR compliance, TRID compliance, Reg B, Reg Z, fee tolerance, and state and federal rules and regulations. Further, robust reporting and analytics document everything that transpires during the lending process for auditing and compliance purposes.

To better service credit unions' unique needs, OpenClose recently joined the American Credit Union Mortgage Association (ACUMA), which provides resources and education to credit unions aimed at streamlining performance, processes and procedures for real estate lending services. ACUMA's goal is to encourage credit unions to help more consumers get fairly priced and safe mortgage loans delivered locally, and in so doing, providing them with a pathway to the American dream of home ownership.

OpenClose will be attending ACUMA's annual fall conference being held at the Bellagio Hotel and Resort in Las Vegas, September 24-27, 2017. The conference brings together the nation's top mortgage-lending credit unions and the industry's leading experts for three days of learning and networking. This year's event is built around the theme of "Driving into the Digital Age." It features a focus on new technology and disruptors to the traditional pipeline. For more information, visit http://annual.acuma.org/.

About OpenClose:
Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) mortgage software solutions provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform. The company provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit http://www.openclose.com/ or call (561) 655-6418.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

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