GRAND RAPIDS, Mich. -- Web-based mortgage services are getting a boost thanks to a partnership between CU*Answers and Prime Alliance.
The partnership will aid credit unions that are looking for members to electronically complete and transmit a mortgage loan application and those wishing to utilize a complete Loan Origination System, including the completion of all required paperwork, 50-state compliance for reselling mortgages to various third-parties or a desire to retain service related income within the credit union.
Through CU*Answers' CU*BASE system, all information, including the mortgage loan application, credit report and other related documents are immediately available to every loan staff workstation. The system can electronically process a member's mortgage application, move it through a comprehensive risk based pricing and decision modeling system, complete all necessary paperwork and display results. In the future, an automated process for imaging the application and all related forms will be offered, eliminating the need to create or chase any "paper trail," CU*Answers said.
CU*Answers offers a variety of services for credit unions including its flagship CU*BASE Processing System in both an online (ASP) and in-house environment, Web site development, Network Design and Security, Image Check processing and CU*Check 21 services. The CUSO provides services to 167 credit unions nationally, representing nearly 1.7 million members and $10 billion in credit union assets.