Loan by Phone Solutions

Meet your members or customers where they are with Loan By Phone Solutions and capture the loan opportunities you are missing today. We accept complete applications, underwrite according to your guidelines, and share approvals while callers stay on the line. Evenings, weekends, and holidays are covered, so credit unions and banks can capture more funded loans without adding additional fixed staff.

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The LSI Benefit

Loan by Phone Services for Credit Unions and Banks

Our skilled, U.S.-based agents handle the calls you can’t answer, collect necessary information, and underwrite directly within your LOS according to your policies. Callers receive real-time decisions, keeping them engaged and moving approvals closer to closing. Flexible, variable-cost staffing scales with demand, giving you capacity when you need it, while aligning costs with workload.

Coverage stretches to nights, weekends, and holidays, with overflow and disaster recovery support when volume spikes. Options include hot transfer, pre-screen decision engines, and adverse action handling. Cross-sell performance is proven, with over 45% success on add-on loan products and over 54% on payment protection. Your institution will get clear reporting on approvals, funded loans, and pipeline movement.

Full-service lending experience process graphic: loan consultation needs analysis, take application, underwrite to your guidelines, cross-sell, and position loan approvals for closing.

More Ways We Help You Fund More Loans

Operational Details and Integrations for Loan By Phone

We begin with a loan consultation and needs analysis, then handle the complete application process and secure approvals through closing. We work in your LOS, capture accurate notes, and follow your compliance steps. Auto-decision rules can be enabled, and our agents escalate exceptions when needed. With #AlwaysLIVE coverage and natural, non-scripted conversations, members or customers end the call feeling confident.

Testimonials

Trusted by Credit Unions & Community Banks Nationwide

Credit unions and banks across the country rely on LSI to improve experiences and deliver measurable results. Higher funding ratios, reduced delinquencies, and stronger member relationships are just a few examples of how we can help you achieve long-term success.

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Frequently Asked Questions

Questions? We’ve Got Answers!

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How does Loan By Phone work?

When a member or customer calls, our team verifies details and applies your underwriting rules when assessing the application. In many cases, we share the decision during the same call. Approvals are set up for closing, and every step is documented in your LOS, allowing your team to continue the process seamlessly.

When are LSI team members available to take our calls?

We add availability across nights, weekends, and holidays. Many institutions are only open a small share of the week, so extending coverage adds meaningful capacity and reduces fallout from missed calls. You can also scale for spikes or staffing gaps without adding fixed headcount.

How do you handle cross-sell opportunities and ensure the products fit the member?

During a call to members or customers, we ensure that whichever product we’re offering fits their needs and goals, then, cross-sell!

Our Blog

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Catch up on industry trends, best practices, and the latest insights directly from LSI’s experts. Our blog keeps your credit union or bank informed, empowered, and ahead of the curve.

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Ready to Elevate Your Member Experience?