Digital banking options supplier Tyfone introduced the launch of recent mortgage servicing and funds enterprise unit, Loanovia.
Loanovia’s flagship lending options have already been deployed in additional than 80 purposes at credit score unions all through the US.
Amongst Finovate’s earliest alums, Portland, Oregon-based Tyfone made its Finovate debut at FinovateSpring 2008.
Digital banking options supplier Tyfone introduced the formation of Loanovia, a brand new mortgage servicing and funds enterprise unit. The corporate added that Loanovia’s suite of lending options—Skip-A-Pay, Fast Pay, and Accumulate—have already been deployed in additional than 80 purposes at credit score unions throughout the US.
Loanovia’s options will assist credit score unions automate cost processes, decrease operational prices, improve the member expertise, and generate non-interest revenue. Skip-A-Pay is an automatic, self-service mortgage skip answer that permits members to defer a mortgage cost in actual time, whereas producing non-interest revenue for the credit score union through skip charges. Fast Pay is a real-time, digital-banking-agnostic mortgage cost answer that permits account holders to pay any mortgage from any gadget utilizing any cost methodology with out requiring a digital banking login. Accumulate centralizes outreach, cost processing, and efficiency reporting right into a unified workflow to supply monetary establishments with higher visibility into delinquency tendencies, automate follow-ups, and enhance restoration charges.
“Loanovia was established with a easy mission: to make lending providers simple for credit score unions,” Loanovia President John-Ashley Paul mentioned. “We acknowledged that mortgage funds and mortgage skips had been ache factors. They had been time-consuming, handbook, and sometimes irritating to the member and the credit score union. Working in collaboration with credit score unions, we resolved these points and have discovered the right steadiness in producing operational financial savings and workflow efficiencies, whereas offering a useful service. Members are empowered to pay or skip loans anytime, from anyplace on any gadget, with out requiring a department go to or telephone name. The preliminary response was overwhelmingly constructive; it’s a useful gizmo for constructing long-term relationships and loyalty.”
In an announcement, Tyfone introduced that Loanovia had partnered with the Iowa Credit score Union League (ICUL) to make the corporate’s mortgage servicing options obtainable to a broader vary of credit score unions. Primarily based in West Des Moines, Iowa, ICUL is a non-profit commerce affiliation that represents the pursuits of Iowa’s state and federally chartered credit score unions, serving greater than 1.5 million members.
“At ICUL, we’re dedicated to delivering significant worth to our member credit score unions by way of thoughtfully chosen service choices and strategic partnerships,” Iowa Credit score Union League Chief Working Officer Matt Oakley mentioned. “This partnership with Loanovia displays that dedication and our continued deal with connecting credit score unions with trusted suppliers providing revolutionary, confirmed options. These options drive effectivity, streamline processes, and strengthen member loyalty—additional advancing the member-first philosophy that defines Iowa credit score unions.”
One in all Finovate’s earliest alums, Tyfone made its Finovate debut at FinovateSpring 2008. Within the years since then, the Portland, Oregon-based firm has grown into a serious digital banking options supplier with greater than 100 prospects and 200+ integrations. Tyfone integrates digital banking, prompt funds, and clever, AI-powered instruments to assist monetary establishments streamline operations, enhance effectivity, and improve buyer experiences.
Are you a credit score union that’s searching for methods to construct your membership neighborhood, supply revolutionary new options and make the most of enabling applied sciences like AI? This yr’s FinovateSpring2026 in San Diego—Might 5 by way of Might 7—will function a variety of classes devoted to serving to credit score unions develop and thrive.
Try the FinovateSpring agenda as we speak for extra data on our AI on a Shoestring govt briefing, our Credit score Union Highlight and Breakfast, and extra!
Photograph by Jimmy Woo on Unsplash
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