ST. LOUIS - Nextstar Financial Corp., a provider of mortgage outsourcing solutions to banks, credit unions and other financials, together with Bear Stearns Credit Union Financial Services (CUFS), have developed a mortgage program - CUMACT Powered by Nexstar - for large credit unions that are involved with mortgage lending and want additional capability and capacity to capture more of their members' mortgage business. CUMAC Powered by Nexstar delivers fully integrated call center and Web capabilities. It also allows CUs to have the flexibility to customize product selection, pricing, underwriting, secondary marketing, and servicing. All lending services are provided in the CU's name. "CUFS and Nexstar share the belief that the portion of the mortgage market that credit unions currently possess is but a fraction of what they are positioned to capture given their established brands, community-integrated branches, and strong member relationships," said Bear Stearns CUFS Managing Director Wade Charles Barnett.
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the top of any article.
From the October-02, 2002 issue of Credit Union Times Magazine • Subscribe!
Nexstar Financial, Bear Stearns CUFS launch mortgage program
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!
Comments
Resource Center
View All »
Measure and Monitor the Risks and Opportunities in Loan Portfolios
Get a complimentary demo of our loan portfolio analytics and access to the white paper,...
