Case Study

Dover FCU Saves At Least a Month’s Time Annually with Abrigo LOS

Dover FCU Saves At Least a Month’s Time Annually with Abrigo LOS

Pages 4 Pages

abrigo.com Dover Federal Credit Union (DFCU), using Abrigo’s loan origination system (LOS): • Increased MBL portfolio 45% without adding staff • Provided members a better, faster experience • Cut turnaround time for loans under $50,000 to 1-2 days from 3-4 days • Sped up credit spreads by two to three hours per loan • Slashed an estimated 153 hours of work last year on tickler tracking alone • Saved another 40 hours of work tied to new loans for existing MBL borrowers. • Satisfied regulators while avoiding having to outsource property tax payment tracking • Eliminated a day’s work on HMDA reporting MBL PORTFOLIO UP 45% WITH NO STAFF ADDED A principal goal for Debbie Bather, Amber Startt, and the others in Dover Federal Credit Union’s Business Services Department is

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