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This document provides an overview and guidance on transitioning from paper loan files to digital loan files utilizing CU*BASE, including benefits, processes, and necessary hardware and support.
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How to fill out Generating a Digital Loan file from CU*BASE®
01
Log in to your CU*BASE® account.
02
Navigate to the 'Lending' section in the main menu.
03
Select 'Digital Loan File Generation' from the options available.
04
Choose the specific loan type you wish to generate a file for.
05
Enter the required data fields, including member information and loan details.
06
Review your entries for accuracy and completeness.
07
Click on the 'Generate File' button.
08
Save the generated file to your desired location on your computer.
Who needs Generating a Digital Loan file from CU*BASE®?
01
Credit union staff responsible for loan processing.
02
Loan officers needing to create digital loan files for clients.
03
Administrative personnel managing digital lending operations.
04
Technicians implementing digital systems for loan management.
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What is Generating a Digital Loan file from CU*BASE®?
Generating a Digital Loan file from CU*BASE® is the process of creating a digital file that contains loan information for further processing, communication, or storage within a financial institution's systems.
Who is required to file Generating a Digital Loan file from CU*BASE®?
Credit unions and financial institutions that utilize CU*BASE® software to manage their loan processing must file the Digital Loan file.
How to fill out Generating a Digital Loan file from CU*BASE®?
To fill out the Digital Loan file, users must access the CU*BASE® system, navigate to the loan file generation section, input the required loan data, and ensure all relevant fields are completed accurately before finalizing and generating the file.
What is the purpose of Generating a Digital Loan file from CU*BASE®?
The purpose of generating a Digital Loan file is to streamline loan management processes, facilitate electronic communication, and ensure compliance with reporting requirements.
What information must be reported on Generating a Digital Loan file from CU*BASE®?
The Digital Loan file must report information such as borrower details, loan amount, interest rates, repayment terms, and any other relevant financial data necessary for processing and record-keeping.
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