WILLISTON, Vt. New England FCU yesterday said it has licensed Harland Financial Solutions’ real-time core processing solution, Phoenix EFE Core.
“The ability for PhoenixEFE Core to consolidate all of our loans consumer, business and mortgage into one servicing platform is a significant advantage, as it will enable us to streamline our mortgage loan servicing capabilities, which is of the utmost importance due to the volume of mortgage lending we do,” said Jim St. Peter, senior IT and operations executive at the $920-million credit union.
The credit union said the system’s modern architecture, built using Microsoft technology, also means PhoenixEFE Core will integrate to other systems using open standards, rather than proprietary legacy code. “The Microsoft technologies will allow us to create custom workflows that incorporate PhoenixEFE Core functions, thereby creating efficiencies for staff,” said St. Peter. “Finally, the manner in which PhoenixEFE Core consolidates all member relationship data into a single view will help us serve our members more efficiently.”