Members United Inks Deal with Loan Services Provider
The $9 billion Members United Corporate FCU has signed a strategic alliance with mortgage services provider Altisource Portfolio Solutions. The Luxemborg and West Palm Beach, Fla.-based vendor will provide loan origination, modification, loss mitigation, real estate services and technology to help credit unions effectively manage their distressed loans and mortgage application processing needs.
Vice President of Lending Tim Bruculere said Members United interviewed several companies, and found the publicly-traded Altisource was "the only provider who understood our needs and offered tailored solutions across our member community." Selecting an "off-the-shelf" product was not an option, Bruculere said.