News
CUNA Mutual, IMM Partner on Digital Signatures
11/16/2010
Press Release: Agreement Streamlines Loan Application Signature Process for Thousands of CUs
MADISON, Wis., November 16, 2010— CUNA Mutual Group and Integrated Media Management(IMM)®, a document output management and automation technology provider, announced today the completed development of an interface that allows LOANLINER® documents to be signed electronically by credit union members.
The relationship enables users of loanliner.com®, CUNA Mutual's online loan application system, to benefit from IMM's remote signature capture and secure document delivery solution, TotaleAtlasWeb™. The integration creates a new level of convenience and member service for these credit unions, as members can now complete loan application documents from home or any location, and at any time.
IMM's technology provides comprehensive authentication of members prior to signing, ensuring a very secure signing event.
"When used along with CUNA Mutual's loanliner.com, this interface provides real-time delivery of compliant documents and an efficient and secure method of electronically signing the documents," said Dan Murray, CUNA Mutual vice president.
The interface will affect approximately 6,500 credit unions that utilize LOANLINER documents for member loan applications, including the more than 525 credit unions already using loanliner.com. More than 3 million loan applications have been filed through loanliner.com in the past five years.
"We are very excited about the IMM-CUNA Mutual partnership, as it will greatly benefit credit unions by providing a seamless, hands-off approach to documents created within LOANLINER and then completed in-branch or remotely via the Web using IMM solutions," added Chuck Klein, CEO of IMM.
CUNA Mutual's loanliner.com allows members 24/7 access to online loan applications. It provides 50-state customized, compliant Internet loan applications and gives credit unions the ability to offer members online loan decisions in seconds.
About Integrated Media Management
Based in Linden, N.J., Integrated Media Management (IMM)® specializes in the paperless technologies that automate the space between a financial institution's core host system and imaging backend, including digitized signatures in-branch or remotely. The company's products and services are in place at more than 600 credit unions and banks nationwide. IMM currently is partnered and seamlessly interfaced with more than 20 processors and loan origination systems, in addition to all the major compliance vendors. For more information, visit www.immonline.com.
About CUNA Mutual Group
CUNA Mutual Group is a leading provider of financial services to credit unions, their members and valued customers worldwide. Celebrating 75 years of commitment to credit unions, CUNA Mutual's vision is unwavering: to be a trusted partner who delivers service excellence and customer-focused, best-in-class products and market-driven innovation. More information on the company is available on the company's Web site at www.cunamutual.com.
CUNA Mutual Group is the marketing name of CUNA Mutual Insurance Society, its affiliates and subsidiaries, including CUMIS Insurance Society, Inc. Product availability and features may vary by jurisdiction and are subject to actual policy language. Corporate headquarters are located in Madison, Wisconsin.
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