Refresh your marketing plan and ensure a strong finish this year.
Loan originator training and leveraged vendor relationships should help credit unions guide members through new CFPB rules.
Any time new rules and regulations are implemented, there could be unintended consequences.
With the recent mortgage refinance boom disappearing and home purchases continuing to flounder, even though rates remain relatively low consumers are being very careful with the home buying decisions—which makes this purchase an increasingly valuable commodity for the credit union.
When it comes to credit union mortgage lending in today’s slow-recovering economy, having any kind of advantage to attract members is a positive position for lending longevity and profitability, especially when rates increase.