LenderClose Named the CUSO of the Year - Contemporary CUSO Model 2022
LenderClose, a technology platform for home equity and and real estate loan processing automation, has been selected as 2022 CUSO of the Year – Contemporary CUSO Model by the National Association of Credit Union Service Organizations (NACUSO).
NACUSO’s annual awards program honors CUSOs which contribute to building a strong and vibrant credit union industry through collaboration and innovation. Announced during the NACUSO Network Conference on April 27, 2022, in Orlando, Florida, this inaugural award recognizes LenderClose’s forward-thinking approach.
“We feel that LenderClose represents the future of CUSO business models,” said Jack M. Antonini President & CEO at NACUSO. “Supported by its impressive board members and experienced leadership, the LenderClose team helps credit unions serve their members’ needs with technology that accelerates and automates the home equity lending process. We congratulate LenderClose as the first recipient of this award. They set a quality standard for other CUSOs to follow.”
LenderClose, headquartered in West Des Moines, Iowa, streamlines and simplifies the home equity lending process through workflow and automations which ultimately impacts the borrower experience. Investing in talent and further technology enhancements came as a result of concluding the $10M Series B round early 2021. LenderClose shortens the lending cycle to increase process speed, allowing credit unions to expand their bandwidth to generate more loan volume, and gives credit unions the opportunity to focus on what really matters: the members. The CUSO fintech’s platform helps nearly 400 credit unions and community banks to level the competitive playing field by utilizing tech-driven solutions.
LenderClose’s current group of credit union investors are Ardent Federal Credit Union, Ascentra Credit Union, Collins Community Credit Union, Financial Plus Credit Union, Serve Credit Union, Strata Credit Union, and Tucson Federal Credit Union.
“This first-of-its-kind recognition from NACUSO is a tremendous honor and we are humbled to receive this praise from our peers,” said LenderClose Founder and CEO Omar Jordan. “Our team is extremely passionate about elevating people and injecting process enhancements through technology for our credit union and community bank clients. LenderClose’s objective is to continue pushing the needle toward a better overall lending experience for both the borrower and lender.”