ALBANY, N.Y., June 11, 2007- IA Systems, a provider of lending software and services to credit unions, banks and other financial institutions, announced that California Credit Union is operational with StreamLend Velocity. One of the nation’s largest credit unions with more than $1 billion in assets, California Credit Union selected the loan processing system to automate its loan processing and support its future growth goals. California Credit Union is IA Systems’ first client to go-live with Internet QuikQuote (iQQ^©) automating the quoting and fulfillment process for GAP and MBP.

The 10-branch credit union plans to double its branches in the next few years and it will rely on StreamLend Velocity’s scalable structure to handle increased loan volumes with ease and efficiency. The Web-based solution streamlines everything from underwriting and funding to closing, freeing California Credit Union’s front-of-house employees to focus on cross selling opportunities and spend more time with members.

“We needed a very innovative, flexible loan processing system to meet our current and future needs; IA Systems provides a balanced combination of technology and expert service that meets our growth goals and brings California Credit Union to the next level” said Gayla Turner, director of consumer lending at California Credit Union. “StreamLend Velocity has the structure and capacity to take over all of our heavy lifting in the lending department and IA System’s employees have proven to be of the highest caliber.”

StreamLend Velocity offers advanced security, auditing, and compliance tools that allow lenders to protect borrowers and keep data safe. Its proprietary, configurable workflow engine enables credit unions to customize the system to meet the needs of any lending environment. 

“California Credit Union shares our devotion to continually expand and improve the lending environment,” said Chris Cazer, president and CEO of IA Systems. “We are happy to leverage our solutions, innovative service and strategic partnerships to maximize the potential of the credit union’s lending department. IA Systems’ works to meet all of our clients’ individual needs, by providing a cumulative solution that serves all aspects of lending, from beginning to end.”

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