Digital Loan Opening

Clutch’s Digital Loan Opening is a modern, mobile-first solution designed to streamline the loan application process for credit unions. It enables borrowers to complete applications in under three minutes, reducing friction and increasing conversion rates while enhancing member relationships through intelligent cross-sell opportunities.

Features

• Optimized application flows for speed and clarity
• Mobile-first user experience
• Smart validations and real-time guidance
• Streamlined prefill logic to reduce manual input
• Built-in cross-sell prompts with consent capture
• Support for personal loans, auto loans, home equity, credit cards, and deposits
• Automated re-marketing tools

Capabilities

• Convert interest into completed applications in under three minutes
• Reduce drop-off rates with frictionless user journeys
• Surface relevant loan and deposit offers during application
• Automate cross-selling and re-marketing to boost loan origination
• Support omnichannel loan origination across digital and in-branch experiences
• Integrate seamlessly with existing credit union systems

Benefits

• Boosts loan application conversion rates by up to 145%
• Increases loan origination through automated cross-selling and targeting
• Improves member satisfaction with fast, intuitive application experiences
• Reduces operational burden on staff through automation
• Strengthens member relationships by offering relevant financial products
• Enables credit unions to compete with modern fintechs