Atlantic Federal Credit Union Innovates Consumer Lending with MANTL’s Loan Origination Platform
- Atlantic Federal Credit Union implements MANTL’s Loan Origination Platform, enhancing consumer lending with speed and automation.
- The Atlantic FCU plans to expand its offerings to include real estate lending, improving member engagement and service delivery.
- The integration with MANTL streamlines loan applications and membership enrollment, boosting operational efficiency for The Atlantic FCU.
Atlantic Federal Credit Union Leads Digital Transformation in Consumer Lending
In a significant advancement for digital banking, Atlantic Federal Credit Union (The Atlantic FCU) announces its adoption of MANTL’s Loan Origination Platform, positioning itself as the first credit union to implement consumer loans through this innovative technology. This move is aimed at enhancing the consumer lending experience by prioritizing speed, automation, and simplicity. By unifying the processes for consumer loan applications and deposit onboarding, The Atlantic FCU endeavors to modernize its operations and improve overall service delivery to its members.
The integration of MANTL’s platform allows The Atlantic FCU to automate real-time eligibility verification and streamline membership enrollment, significantly boosting operational efficiency. This comprehensive suite of consumer loan products includes auto loans, personal loans, credit cards, specialty vehicle loans, and personal lines of credit, catering to diverse financial needs. Adam Cadmus, Chief Experience Officer at The Atlantic FCU, emphasizes the impact of this technology in modernizing complex processes, ultimately enhancing the digital user experience for members.
Additionally, The Atlantic FCU has plans to expand its offerings to include real estate lending, such as home equity loans and lines of credit, further broadening its service portfolio. This initiative not only reflects a commitment to innovation within the credit union but also aims to foster deeper relationships with members by creating seamless, automated journeys that facilitate cross-selling opportunities. The collaboration with MANTL, developed with input from over ten progressive financial institutions, underscores the importance of addressing market needs and streamlining the borrowing experience in the financial sector.
As The Atlantic FCU embarks on this transformative journey, it exemplifies how credit unions can leverage technology to enhance service delivery, improve member engagement, and adapt to the evolving landscape of digital banking.
In related industry news, Waterbury CT Teachers Federal Credit Union has selected Alogent’s FASTdocs enterprise content management platform, marking a pivotal upgrade in its operational capabilities. This shift aims to replace outdated manual workflows with a centralized digital system, enhancing efficiency and compliance, and ultimately benefiting its members and staff.
Moreover, Alkami Technology, Inc. expands its partnership with Grow Financial Credit Union, integrating MANTL’s onboarding solutions to streamline account opening processes. This collaboration underscores the ongoing trend within the financial services industry to enhance member experiences through technology-driven solutions.
