EasCorp Partners with Charlie Mac for Jumbos
WOBURN, Mass. - EasCorp has partnered with Charlie Mac to help its member credit unions sell off jumbo mortgages. Charlie Mac, a U.S. Central subsidiary, acts as a secondary market for credit unions interested in selling off auto loans and jumbo mortgages. EasCorp is specifically interested in Charlie Mac's JumboExpress program. Charlie Mac has become a popular partner among corporates. One thing they like is that it allows credit unions the ability to retain loan servicing. Other institutional buyers try and attain the servicing of the loans so they can cross-sell other products. EasCorp serves CUs in the New England region of the U.S. That area has some of the highest real estate prices in the country, so jumbo loans are commonly offered by New England credit unions.