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Woodbury, MN. November 26, 2024 – Ideal Credit Union announces the integration of the Coviance lending technology to its home equity loan process, streamlining and accelerating the home equity loan experience for members. Ideal Credit Union is dedicated to meeting the needs of its member with competitive loan rates and an exceptional member experience. Coviance is a cloud-based platform that accelerates loan origination, simplifies operations and compliance management for Ideal’s home mortgage team. “Ideal Credit Union is always seeking strong and trusted technology partnerships to elevate the member experience and create more efficient processes for our teams,” Brian Sherrick, president and CEO, Ideal Credit Union. The partnership with Coviance empowers Ideal’s mortgage team to offer a faster process for current members and the ability to meet growing demand. “Members are taking advantage of the opportunity they see with the current high home values and lower rates on home equity loans,” said Faith Tholkes, senior vice president of mortgage lending, Ideal Credit Union. “We’re processing a lot of loans for people moving forward on home renovations or tapping into their equity to cover other costs like college tuition. “ To learn more about the Ideal Credit Union’s mortgage lending options in a new purchase or a refinance, Call Ideal Credit Union at 651-747-4663 or make an appointment to meet with an Ideal Mortgage Loan Officer. About Ideal Credit Union Founded in 1926, Ideal Credit Union is a member-owned financial institution that is dedicated to providing financial services driven by a sincere and personal interest in the needs of our employees, members, and community. Ideal CU offers a complete range of services, including a full suite of digital banking products, savings, checking, loans, mortgage products, business services and more. Offices are located in Eagan, Hugo, Inver Grove Heights, North St. Paul, Stillwater and Woodbury. Visit idealcu.com for details and directions. Ideal was voted “2023 and 2024 Best in State Credit Union” by Forbes, 2023 Minneapolis – St. Paul Business Journal “Best Place to Work,” “Best Credit Union” for five years in a row by readers of the Stillwater Gazette, and was the Readers’ Choice 2024 Best of the Press Hugo Citizen winner in the categories of “Best Workplace,” “Best Bank/Financial,” “Best Mortgage Company,” and “Best Customer Service for a Local Business.” About Coviance Coviance is a lending experience platform transforming how community banks and credit unions elevate the borrower experience, accelerate loan origination, and simplify operations and compliance management. Coviance gives lenders instant fintech power through intelligent automation at the push of a button—without ever losing the human touch. As a cloud-based platform, Coviance integrates collateral decisioning™ and streamlines compliance processes. Coviance was recognized as one of the best B2B providers by Inc. and was awarded Inc’s PowerPartner 2023, HousingWire Tech100 in 2024 and earned a spot on the Inc. 5000 List of Fastest Growing Private Companies in the U.S. in 2022 and 2023. For more information visit coviance.com.
Woodbury, MN. November 26, 2024 – Ideal Credit Union announces the integration of the Coviance lending technology to its home equity loan process, streamlining and accelerating the home equity loan experience for members.
Ideal Credit Union is dedicated to meeting the needs of its member with competitive loan rates and an exceptional member experience. Coviance is a cloud-based platform that accelerates loan origination, simplifies operations and compliance management for Ideal’s home mortgage team.
“Ideal Credit Union is always seeking strong and trusted technology partnerships to elevate the member experience and create more efficient processes for our teams,” Brian Sherrick, president and CEO, Ideal Credit Union.
The partnership with Coviance empowers Ideal’s mortgage team to offer a faster process for current members and the ability to meet growing demand.
“Members are taking advantage of the opportunity they see with the current high home values and lower rates on home equity loans,” said Faith Tholkes, senior vice president of mortgage lending, Ideal Credit Union. “We’re processing a lot of loans for people moving forward on home renovations or tapping into their equity to cover other costs like college tuition. “
To learn more about the Ideal Credit Union’s mortgage lending options in a new purchase or a refinance, Call Ideal Credit Union at 651-747-4663 or make an appointment to meet with an Ideal Mortgage Loan Officer.
About Ideal Credit Union Founded in 1926, Ideal Credit Union is a member-owned financial institution that is dedicated to providing financial services driven by a sincere and personal interest in the needs of our employees, members, and community. Ideal CU offers a complete range of services, including a full suite of digital banking products, savings, checking, loans, mortgage products, business services and more.
Offices are located in Eagan, Hugo, Inver Grove Heights, North St. Paul, Stillwater and Woodbury. Visit idealcu.com for details and directions. Ideal was voted “2023 and 2024 Best in State Credit Union” by Forbes, 2023 Minneapolis – St. Paul Business Journal “Best Place to Work,” “Best Credit Union” for five years in a row by readers of the Stillwater Gazette, and was the Readers’ Choice 2024 Best of the Press Hugo Citizen winner in the categories of “Best Workplace,” “Best Bank/Financial,” “Best Mortgage Company,” and “Best Customer Service for a Local Business.”
About Coviance
Coviance is a lending experience platform transforming how community banks and credit unions elevate the borrower experience, accelerate loan origination, and simplify operations and compliance management. Coviance gives lenders instant fintech power through intelligent automation at the push of a button—without ever losing the human touch. As a cloud-based platform, Coviance integrates collateral decisioning™ and streamlines compliance processes. Coviance was recognized as one of the best B2B providers by Inc. and was awarded Inc’s PowerPartner 2023, HousingWire Tech100 in 2024 and earned a spot on the Inc. 5000 List of Fastest Growing Private Companies in the U.S. in 2022 and 2023. For more information visit coviance.com.