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|  Products and Service Forum
Sponsored by CUConferences September 15-18, 2011. The Peabody Hotel, Memphis, TN. Gary Hess, President, RTE Financial Services, LLC moderated and presented at CU Conferences' Products and Service Forum this September at the Peabody Hotel, Memphis, TN. Gary discussed the evolving “Cloud” delivery channel and what products and services are available for credit unions to use through this channel, as well as the benefits of this delivery model. Gary also focused on using this method to create, approve and distribute marketing materials for your credit union, at a cost lower than what you are experiencing today. View both presentations here:
 Business Lending and Other Business Services
Sponsored by CUConferences July 26-28, 2011. The Hotel del Coronado, San Diego, CA. At this conference Gary Hess, President, RTE Financial Services, LLC presented on the topic of “Weathering the Tough Times, or Summer in Minnesota”. During this session Gary reviewed the successful tactics employed by numerous business lending CUSOs over the last three years in order to maintain their business and support the borrowing needs of our business members. Take this opportunity to learn from those who are “walking the walk”. View Gary's presentation:
 Gary Hess presents on several topics at CU Conferences' Credit Union Spring Training Conferences Gary Hess, President of RTE Financial Services, presented on three topics at the Spring 2011 CUConferences events. Topics included "Web Services: It is Not IF, It is WHEN", "Hot Topics", and "Mortgage Lending: Is Now the Time for You?"
Jack Henry Banking Establishes Strategic Alliance with BankMarketingCenter.com Monett, Mo. – Feb. 17, 2011 – Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of computer systems and electronic payment solutions primarily for financial services organizations, today announced that its Jack Henry Banking™ division has established a strategic alliance with BankMarketingCenter.com. Jack Henry Banking now re-markets the turnkey, subscription-based marketing service provided by BankMarketingCenter.com to banks automated by its core banking platforms. BankMarketingCenter.com is a cost-effective, user-friendly, Web-based solution that enables bankers to create print ads, direct mail and e-mail campaigns, statement stuffers, product and service brochures, posters, flyers, newsletters, digital signage solutions, and more. Bankers can customize each promotional piece in minutes with access to more than two million stock photos and they can incorporate bank-specific logos, text and slogans, photos, branch locations, and rates. An administrative queue automates each bank’s internal approval process and a database utility can maintain all publications used for advertising with the ability to submit ads electronically. Promotional pieces can be printed instantly or e-mailed to jhaDirect®, Jack Henry & Associates’ forms and supplies division, for printing, mailing, and warehousing. Sponsored by CUConferences. March, 2011; Florida and Arizona
Credit Union Services and Products Conference Sponsored by CUConferences September 23-26, 2010; Renaissance Seattle Hotel, Seattle, Washington At this conference Gary Hess, Conference Speaker; RTE Financial Services, LLC presented "Online Applications: What they are and how they benefit the Credit Union" Click here to view Gary's presentation Read the Conference Summary
DocuSign and MeridianLink Create End-to-End Cloud-Based Loan and Account Origination Program for Financial Institutions DocuSign Electronic Signature Service Closes the Final Mile of Online Loan Origination and New Account Process
RTE Financial Services, LLC is excited to announce DocuSign®, the market leader and global standard for electronic signature, has partnered with MerdianLink, the leading application service provider for financial institutions. RTE Financial Services has been a reseller of Meridian Link products for over two years.
MerdianLink's web-based consumer loan origination and account opening solution platform (LoansPQ and Xpress Accounts) includes the DocuSign electronic signature management service to close the loop in the loan funding and account opening completion process. The final integrated offering is immediately available from MeridianLink. "With the success financial institutions are experiencing with their investment in online lending and account opening capabilities and the millions of loans and accounts now being originated online, it seemed only natural to also finalize and close the transaction online," said Doug Glagola, vice president at MeridianLink. "With DocuSign, the entire process can be conducted seamlessly in the cloud-eliminating paper, hassles and wasted time. DocuSign is the final mile in completing the loan process." MeridianLink's platform is an online application that instantly generates pre-qualified loan decisions for all types of consumer loans and generates new accounts for all types of deposit accounts. Commercial loan origination and deposit accounts are also available. MeridianLink's platform fully integrates loan origination and account opening, core processing and internal banking software in almost any configuration to produce a fully paperless lending and account opening program for any financial institution. Now with the integration of DocuSign electronic signature services within the MeridianLink platform, online transactions can be originated, approved, signed and funded without interruption. DocuSign finalizes the process by offering financial institutions and borrowers the convenience to electronically sign and complete the final mile of the process all within the MeridianLink workflow. Just as the MeridianLink platform has transformed how loans and new deposit accounts are originated and processed, electronic signatures are further transforming these transactions so they are conducted entirely in the cloud. By moving loan and deposit account document signing into the cloud, financial institutions can leverage the time and cost efficiencies of cloud computing while gaining real-time insight into the signing process. And, through the integration of the DocuSign electronic signature platform, MeridianLink financial institution customers have complete real-time visibility into the entire process. "More than 450 banks and credit unions have currently deployed the MeridianLink platform. With the integration of the DocuSign electronic signature service, we anticipate an accelerated adoption of the MeridianLink automated loan and account opening solution," said Dave Thorpe, market director at DocuSign. "DocuSign is excited to align with MeridianLink and we look forward to collaborating with them to further extend the power of the DocuSign electronic signature platform and the MeridianLink's platform in streamlining the loan and account opening process, reducing costs and ensuring the continued success of our joint customers.
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Credit Union Services and Products Conference DocuSign & MeridianLink Create End-to-End Cloud-Based Loan and Account Origination Program for Financial Institutions Meridian Link Announces a New iPhone App MRG Document Technologies Named in Mortgage Technology Top 50 Service Provider Ranking RTE Financial Services and Small Business America Sign Reseller Agreement MRG Offers Guaranteed Compliant Reverse Mortgage Documentation RTE Financial Services is on LinkedIn! UPDATED: RTE Financial Services' Gary Hess is Speaker and Moderator at Two CUConference Events RTE Financial Services' Gary Hess is Moderator for Conference CUs add member accounts after automating financial services Fed launches new plan to help money market funds Online Account Opening: Raising the Bar Automating Account Opening In-branch and Online: A case study of Alliant Credit Union Account Opening Technology: the Last Mile in STP | |
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MeridianLink Announces a New XpressAccounts™
iPhone App
XA Mobile Provides Banks and Credit Unions Increased Access RTE Financial Services, LLC announces the release of XA Mobile, an extension of XpressAccounts™, their automated account opening system. By using XA Mobile, when bank or credit union representatives meet with prospects, instead of needing a pile of paper forms or a computer with an Internet connection, all they'll need is an iPhone to qualify an individual and set up a new account. Bank and credit union staff can use their iPhones to take photos of applicants or their drivers' licenses and upload them to the system, as well. The increasing use of smartphones offers financial institutions new ways to connect with consumers. "The growing popularity of the iPhone, in conjunction with faster Internet connection speeds, presented an ideal opportunity for us to introduce a mobile strategy," said Tim Nguyen, chief technology officer for MeridianLink. "Our focus has always been on the development of cutting edge technology solutions that will help our clients grow and succeed in today's financial market. The introduction of XA Mobile is a natural evolution of our overall philosophy and the XpressAccounts™ system." XpressAccounts™ offers staff, bank customers, and credit union members the ability to open and fund new accounts 24 hours a day, seven days a week online. The system also allows current bank customers or credit union members to open and fund secondary accounts from the convenience of home or office. XpressAccounts™ can be accessed on any computer with an Internet connection and is also compatible with the iPad. Using XA Mobile on their iPhones, it becomes even easier for banks and credit union staff to help consumers open accounts via XpressAccounts™. With XA Mobile on their iPhones, bank or credit union representatives will have the ability to set up new accounts wherever they are - on site at a company, in a business meeting, at a lunch date or in the office. Over the last decade, MeridianLink has stood on the cutting edge of innovation in web-based software solutions for the financial industry.
MRG Document Technologies Named in Mortgage Technology Top 50 Service Provider Ranking DALLAS, August 29, 2010 - RTE Financial Services, LLC is committed to bringing the best web-based financial services to the marketplace. We are pleased to inform you that one of our partners, Dallas-based MRG Document Technologies, has been named a 2010 Top 50 Service Provider by Mortgage Technology magazine. Read article
MRG Offers Guaranteed Compliant Reverse Mortgage Documentation DALLAS, May 4, 2010 – MRG Document Technologies (MRG) (www.mrgdocs.com), a provider of mortgage technologies to banks, credit unions and other lenders nationwide, announced that it now offers reverse mortgage documents in compliance with federal and state regulations for all 50 states. Recent concern regarding the potential for predatory lending within the reverse mortgage market has led many states to a adopt new laws and regulations governing reverse lending. The Federal Housing Administration (FHA) has also responded to demands for increased consumer protection by tightening up its reverse lending requirements. MRG’s mortgage documents are designed to carry the compliance burden associated with these consumer protections. “With the baby boomers rapidly approaching retirement age, we expect to see an increase in reverse mortgage lending,” said Marsha Williams, an attorney at MRG. “As both federal and state regulations governing reverse mortgages continue to evolve, lenders must ensure that their documentation is fully compliant with all changes. MRG’s staff of attorneys constantly monitors the regulatory landscape and automatically updates the forms, providing our clients full compliance with reverse mortgage laws and regulations now and in the future.” MRG offers a browser-based system for the preparation and delivery of compliant document packages, electronic disclosures, loan modifications and other services for mortgage lenders, banks and credit unions nationwide. MRG guarantees that its products are in compliance with the most recent legislative and regulatory changes.
UPDATED: RTE Financial Services' Gary Hess is Speaker and Moderator at Two CUConference Events Gary Hess of RTE Financial Services will offer a presention on The Compliance of Business Services at the July 18-20 event, "Business Lending and Other Business Services Conference" at the Antlers Hilton in Colorado Springs, CO. Hess will also act as moderator for the July 18-20 conference. In a related story, Gary Hess will present Mortgage Lending as a Strategic Advantage at the "Annual Strategic Lending Conference" on July 21. read more
RTE Financial Services' Gary Hess is Moderator for Conference Las Vegas, NV - February 7-9, 2010 - Gary Hess of RTE Financial Services acted as speaker and moderator at the "Business Development and Marketing Conference" sponsored by CUConferences. Hess offered the following presentations:
CUs add member accounts after automating financial services from CUNA News Now Associated CU, Norcross, Ga. added 1,790 new accounts and First Entertainment CU, Hollywood, Calif. added 154 accounts after automating their financial services. Jeffrey Bergum of Associated CU said, "we've seen an increase in volume in our mortgage lending and secondary products like home equity loans" according to CUNA News Now. Associated CU plans to add other products to their online selection. Both credit unions automated their financial services with products available from Meridian Link. RTE Financial Services is a licensed reseller of Meridian Link products. Full Article
Fed launches new plan to help money market funds By Mark Felsenthal - Tue Oct 21, 11:58 am ET WASHINGTON (Reuters) – The U.S. Federal Reserve on Tuesday launched a new program to fund purchases of $600 billion worth of money market mutual fund assets in the latest step to provide liquidity to strained financial markets. Full Article
Online Account Opening: Raising the Bar Boston, MA July 24, 2007 – Report published by Celent Celent estimates that fewer than 2% of US financial institutions are offering automated online account opening capabilities today, a figure that will increase to between 18% and 20% by 2010. Streamlining account opening processes is an imperative for financial institutions of all sizes in their quest for market differentiation and high customer satisfaction levels. Ensuring a fast and customer-friendly account opening process can help stem attrition rates, drive effective cross-selling, and have a direct impact on a financial institution's top line. In their drive to achieve the ultimate goal of a universal, enterprisewide account opening platform institutions are finding that the online channel is a natural place to jumpstart their customer acquisition efforts. As credit card companies and direct banking stars have found, online origination can be a powerful tool for capturing customers and deposits. Financial institutions are eagerly seeking the most benefits associated with automated online account opening, including the ability to: capture client assets more quickly, increase account opening completion rates, reduce processing errors and costs associated with manual processing, improve cross-sell ratios, and standardize the decisioning process. In short, automated online account opening can allow financial institutions to lower customer acquisition costs while improving the customer experience. "Banks must focus on improving the quality of their interaction with customers at the point of acquistion across all channels or risk losing deposits to more nimble players. Ultimately, the goal is to implement paperless and customer-friendly account opening process that takes place in minutes, rather than days or weeks," comments Madhavi Mantha, author of the report and senior analyst. In the report, Online Account Opening: Raising the Bar, Celent provides an overview of the account opening process, discussing the challenges faced by financial institutions as well as the characteristics of a best practice enterprisewide account opening platform. The online account opening process application, from capture to account funding, is described in detail and the key requirements for implementing a streamlined and paperless online account opening solution are highlighted. The report also profiles leading vendors of automated online account opening technology including Andera, CashEdge, Online Resources Corporation, Parsam Technologies (uMonitor), and Yodlee. © 2007 Copyright Celent LLC. All rights reserved, worldwide.
 Automating Account Opening In-branch and Online: A Case Study of Alliant Credit Union
Boston, MA April 4, 2007 – A new report from Aite Group reveals that Alliant Credit Union, on average, was able to drive 13% of new account applicants to its online system in the first six months after deployment, and examines the business case for automated account opening solutions, in-bank and online. Full Article
Account Opening Technology: the Last
Mile in STP Boston, MA September 22, 2005 - Aite Group believes that new tools available for online account opening will accelerate adoption, as more institutions attempt to manage costs by increasing self-serice options. but the long-term benefit to institutions may be the ability to broaden their offerings across lines of business. Full Article | |
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