Vantage West Credit Union Leverages Numerated to Transform the Lending Process for Member Businesses
BOSTON (PRWEB) August 08, 2023 -- Today, Vantage West Credit Union, a $2.6B Arizona-based institution, announced its partnership with Numerated, an innovative provider of digital business lending solutions, to make applying for a loan easy for its member businesses.
Through this partnership, Vantage West is offering member businesses the opportunity to choose how they would like to interact with the credit union. Borrowers can receive same-day loan approval and signing by either visiting a branch or applying online through a self-service channel.
“Working with Numerated has simplified the process of making business lending easy for our internal teams,” said Vantage West Chief Member Experience Officer Mark Papoccia. “Members with businesses can now enjoy the same ease of use that they have come to experience as consumers, and our business lenders can process loans faster, without sacrificing accuracy.”
When building their expanded lending program strategy, Vantage West set goals to begin using new processes to improve their internal efficiency without adding additional resources. With Numerated, the number of employees capable of processing business loans has expanded from their four traditional business lenders to more than 15 with a goal of eventually rolling out to over 100 employees. From the member experience perspective, Vantage West focused on simplifying and accelerating access to capital and on providing faster approvals and funding.
Significant benefits for the member generally include:
- Instant decisions in most cases
- Funding within 72 hours of approval
- Streamlined in-person and self-serve digital applications
- Online customer acceptance and eSign digital loan closing
“As more credit unions begin to build out their business lending strategies to better serve their members, Vantage West has proven to be an industry leader in the space as they continue to drive innovation to improve the member experience,” said Numerated President David O’Malley. “We’re excited to be partnering with Vantage West on this journey and look forward to their continued success as they roll out the platform across more of their institution.”
To learn more about how Numerated is transforming business lending, visit http://www.Numerated.com.
About Vantage West
Vantage West is one of Arizona’s largest credit unions with $2.6 billion in assets and serving more than 174,000 Members. It was established in 1955 to serve airmen at Davis-Monthan Air Force Base. Today Vantage West serves a diverse population via 20 locations across Arizona and across the globe with cutting-edge digital services. Vantage West offers consumer and
business banking and retirement services and is federally insured by NCUA.
To learn more visit VantageWest.org.
About Numerated
Numerated transforms the way financial institutions lend to businesses making the process faster and easier. Banks and credit unions of all sizes leverage Numerated’s digital business lending solutions to exceed borrower expectations for convenience while driving significant gains in efficiency. The platform uses data to streamline originations and underwriting for business lending, from application to close. More than 500,000 businesses and 30,000 financial institution associates have leveraged the platform to process over $50 billion in lending, making Numerated the fastest growing fintech SaaS company on the 2022 Inc. 5,000. To learn more about how Numerated is transforming business lending visit http://www.numerated.com.
Emma Schoth, Numerated, 1 3148337537, [email protected]
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