With Scion’s Mortgage module, provide fixed rate, variable, or a combination of the two, to offer members greater choice and attract new Credit Union members.
Read Fact SheetOffer fixed rates, variable rates, or a combination of the two to provide a competitive mortgage offering.
Members of the public have more choice for mortgages, outside of their retail banks.
Members could potentially save more money by switching to your new mortgage offering.
Scion will automatically switch to the new rate at a later date (specified by you), saving your staff time!
A mortgage is much more than a large loan. With our enhanced mortgage module, you can perform underwriting, origination, servicing, and manage arrears all in one place.
As the rate switchover is done automatically, there is a reduced chance of human error when granting mortgages.
The new rates appeal to both first-time buyers & switchers as the cost of living continues to rise, with the rate of inflation and members are looking for ways to cut the bottom line in household expenses. Having the ability to offer fixed rates, variable rates, or a combination of the two through Scion allows us to provide a more competitive mortgage offering for the times we’re living in now, but also for the future.”
Operations Manager
St Paul’s Garda Credit Union
St Paul’s Garda Credit Union has a nationwide membership base of almost 34,000 Garda, Garda Staff and family members, and offers a wide range of financial products and services, including mortgages. While the Credit Union could offer variable-rate mortgages, they did not have the capability to offer fixed-rate mortgages, which was a growing member demand.
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