The $161 million ABCO Federal Credit Union in Willingboro, N.J.,has signed an agreement with Symbionce Financial Solutions LLC to have the East Hanover,N.J., CUSO manage its mortgage origination and servicing, theysaid.
|“Our mortgage and home equity services support our credit unionpartners' need to stay on top of all aspects of their home loanprograms without having to add to staff or incur expenses forspecialized computer systems and expanded office space,” said LeoO'Donnell, vice president of mortgage services at SymbionceFinancial Solutions.
|ABCO FCU has about 32,000 members and a mortgage servicingportfolio of more than $30 million. Symbionce Financial Solutionssaid it now originates and services mortgages for more than 75credit unions nationwide.
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