NACUSO Marketplace Provider
Organization Name: Octant Business Services, LLC
NACUSO Membership: Standard
Year Formed: 2005
Description of Your Services: Octant provides the following business lending services to its clients:
• Underwriting (new loan requests, annual reviews & participation reviews)
• Loan servicing and credit administration
• Loan documentation
• Program planning & implementation support and training
• Loan participation network for buyers & sellers
Services You Provide:
Business Lending:Underwriting Commercial Mortgage LoansServicing Commercial Mortgage LoansUnderwriting Equipment LoansServicing Equipment LoansUnderwriting Lines of CreditServicing Lines of CreditSale/Purchase of Loan Participations in Business Loans
Why should a credit union use your services?: A credit union should use Octant’s services if it desires any of the following:
• Independent third-party underwriting
• Comprehensive loan servicing
• Allows credit union to focus on loan origination, relationship management and cross-selling.
• Low start-up and ongoing program expenses
• Less risk of productivity disruption because of employee attrition
• Credit risk management independent from sales function
• An established infrastructure that provides safety and soundness
• Ability to select only the services needed (a la carte)
Number of Credit Union Customers: 33
Percentage of Users/Customers that are Credit Unions: 97
Are You a CUSO?: Yes
Are there investment opportunities for credit unions?: No
Describe Your Business Model:Fee for services.
Are you currently seeking additional users/customers?: Yes
Do you offer discounts or other benefits for NACUSO Members?: No
Website Link: https://octant.us
Contact Information:Quentin LewisSVP Client Services26 North Rd. Unit 2, Chelmsford, MA 01824774.245.2855qlewis@ctant.us
info@octant.us
info@octant.us